Fannie, Freddie To Accept Lower Down Payment Mortgages

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CHICAGO — Fannie Mae and Freddie Mac are close to allowing consumers to buy a home with as little as a 3 percent down payment and still have the mortgages backed by the two agencies. More details are expected to be announced in coming weeks, but the move from a 5 percent down payment could increase…

Fannie, Freddie to accept lower down payment mortgages

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