Renting is twice as expensive as buying

It’s more affordable to buy a home now in most U.S. metros than it was 15 years ago, even for millennials putting down less money on a home, according to a Zillow analysis of third-quarter income and home value data.
Check out the housingwire.com article for more details.

 

The 3% down payment mortgage makes a comeback

Fannie Mae and Freddie Mac announced recently that they will start backing mortgages with down payments of as little as 3% of the home’s price. But borrowers will still need to meet strict criteria first, the two government-backed mortgage giants said.

See the CNNMoney article for details.