What does the new mortgage rules mean to you?

 If you qualified for $200,000 a week ago next week you will qualify for $160,000.
 Will be interesting to see how the new rules will affect the market.

 Will it drive the prices of homes down? Or will this stop real estate selling in your area?

 It will mean that the first time home buyers will be buying starter homes.

 Lots of starter homes on the market have not been selling as most first time homebuyers are going straight for a destination home. With the new mortgage rules coming in making it lot harder to qualify for these prices. This might get a lower priced and homes selling. Making this home buying a two-step a beginner home and a destination.

 Time will tell.