The Sky Is Falling..Again?

Markets Where Home Prices Could Rise Most
Money Magazine has released its latest home-price projections for the country’s largest metropolitan areas. Here are the 10 cities where it believes home prices will rise the most in the next year, and the 10 where it foresees the most substantial declines:

Where prices will rise:

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Rate Dip

Mortgage Rates Dip Slightly This Week
Interest on 30-year fixed home loans dropped below the 5 percent threshold this week, reports Freddie Mac. The rate slipped to 4.97 percent after averaging 5.01 percent last week and 5.16 percent a year ago. Long-term mortgage interest set a record low of 4.71 percent in early December and [...]

Toughen Down

FHA To Toughen Down Payment Rules
The Federal Housing Administration will raise the minimum down payment for its least credit-worthy borrowers, agency announced Tuesday.
Borrowers with credit-rating scores below 580 will be required to put down at least 10 percent. Those with a credit score above 580 will be able to continue to put down only 3.5 [...]