Mortgage rates have slipped below 6% but not every one will benefit from this news. Know what you are in for before you buy, get qualified. Consider:

• New risk-based pricing guidelines that make mortgages more costly.

• Though rates are down for mortgages, jumbo loans are much higher, so if you are investing in an expensive part of the country, consider this if you are applying for a jumbo loan.

This entry was posted on Wednesday, March 19th, 2008 at 8:00 am and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.