Buyers will probably have to pay higher interest rates on mortgages, and sellers likely will have fewer buyers able to purchase their homes at current prices because of the QRM rule.
Will it be more difficult to qualify for a mortgage after the new QRM rules are announced? Probably. Will it cost buyers more? Most likely. Will if affect sellers by reducing the number of qualified buyers for their house? Eventually.
Call Hill at 301-452-1409 or email Hill at Hill@LNF.com for help to make the best of today's sales environment.