A tightening of the lender’s belt?

Several analysts are now considering what, if any, affect the guidelines issued last week by federal regulators will have on Atlanta mortgage rates.  In short the guidelines don’t saying anything amazingly new!  What they do say is that lenders should not be lending to people who cannot afford to repay their home mortgage loans – and the only thing new in that message is that federal regulators feel the need to say it at all!  What it may, however, lead to is a return to more stringent deposit requirements on home buyers.  However, even this should not be an overtly bad message for Atlanta homeowners.  After all, the larger the down payment you are able to make towards the payment of your home, the less you need to borrow, and thus the less interest you’ll be charged over the term of the home loan.
Essentially then the message this Independence holiday week is the same as it has always been, make sure you manage your finances and stay one step ahead of the game.