A lot of lenders are sending out letters stating that they are going to start accepting loans at higher loan limits well ahead of the Fannie Mae announcement.

What I do for people is I look at the weighted average of what their mortgage rate is.

I think people who were trying to get into investment properties and trying to flip them won't see those financial advantages with the short-term rates being higher than the long-term rates.

Monday morning is usually my busiest time. I've had only a half dozen applications today.

We also see consumer confidence down a little bit. Houses are on the market a little longer. We're not seeing a softness in prices just yet. That could be the first sign that we do see where the housing market could be cooling down.

Before banks wanted to see three comparable sales. Now lenders are asking for a fourth and a fifth comparable.