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Changes and regulations being instituted by the Federal Housing Finance Agency and the Consumer Financial Protection Bureau will make it more difficult and more expensive to get a mortgage in 2014, reports MarketWatch.
“If you’re comfortable with what you can get this year, lock it in,” John Vogel, an adjunct professor of business administration at the Tuck School of Business, tells MarketWatch. “Most rules that will come are in fact going to be less favorable to borrowers.”
Read the full story, published 9/12/13 by MarketWatch.