Huge Shift In Buying Is Coming On July 29th. Find Out Why

Fannie and Freddie made a huge change to mortgage under writing last Friday. DTI (debt to income) ratio has been increased to 50% from 43%. The net effect is that it will increase purchasing power by 20%. This is a huge win for home sellers in the back half of this year. Read the press release - http://www.mortgagenewsdaily.com/05312017_fannie_mae_lending.asp   Negative - Saddles home buyers with more debt - You're pulling the worst buyers into an inflated market - When the market cools then you'll have more buyers on the margin - These buyers will become forced sellers - Vicious reversion to the mean will take place Connect with me on Facebook