Quote:
Originally Posted by Winsor_Pilates
I think you'll see an end to 35 yr mortgages pretty soon, but is it stopping them before they become an issue; or trying to correct what will already become a major issue?
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Wouldn't that in of itself destory prices? If the government goes back to requiring 10% down with a maximum 25 yrs it would price many exisiting homeowners out of the market by diminishing their ability to re-fi. Not only with people who bought on 0/40's and 5/35's have higher interest rates to contend with they will also have to qualify with shorter terms and higher equity requirements.