In a changing landscape, will it be easier to get a home loan in 2015?

MortgageLender

MortgageLenderBy Michele Lerner | The Washington Post

At the beginning of 2014, the federal government imposed stringent new rules that increased the ratio of income to debt that borrowers needed to qualify for a mortgage. But by year’s end, the government was allowing down payments as low as 3 percent and loosening other restrictions.

The rate for a 30-year mortgage rate hovered above 4.5 percent at the start of 2014. But by the end of the year, it had dropped below 4 percent.

So what can borrowers expect from the housing market in 2015? Will it be harder or easier for home buyers — particularly first-timers — to obtain a mortgage this year?

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