Mortgage Rate Movement

While rates have been crazy recently, they have been on a downward trend. With 620+ credit 5.5% is not unusual ad better depending on other factors. With the new guideling of 3.5% down it will be more difficult for some but we do have down payment assistance and the Fed has the $7,500 tax credit to pay off the DPA if the buyer qualifies. There are many programs that help folks get into homes.