[DEPcom]

Washington Times has details According to an article from The Washington Times, homebuyers with good credit scores will soon encounter a costly surprise: a new federal rule forcing them to pay higher mortgage rates and fees to subsidize people with riskier credit ratings who are also in the market to buy houses. This rule change will take effect on May 1st and will impact Americans when federally backed mortgage outfits such as Fannie Mae and Freddie Mac sock buyers with what are called loan-level price adjustments.

During a conversation with a fellow Sailing Club member who works in the mortgage industry, he mentioned that he anticipates an increased demand in May. This must be what he is referring too.

[boxlunch]

People should completely boycott the real estate market then. This is out of control, who gives Biden the power to decree such a thing? It’s absolutely evil and unfair!