What Do The Goverment Changes Really Mean?

Not much to people buying homes to live in. There will be some changes to the people that are buying above there heads, as the qualifications are tougher.For most people they are lower ratios then the guidelines are anyways. The big change is for investment/rental properties.This is a good thing as buying rental properties with 5% down payment may have been not such a good investment. Refiancing your mortgage has also been reduced to which is also a good thing for most people as well.We personally did not see a lot of people refiancing there mortgages to that value of thier home.