Read about refinance rates
20 percent equity in a current home or a 20 percent down payment are becoming the norm to be eligible for a new mortgage. Consumers who cannot meet the current standards may be able to find a home mortgage at a significantly higher rate, as well as with a requisite home mortgage insurance policy. In spite of the low rates, some home buyers are choosing to sit out the real estate roller coaster a bit longer. Many fear home values are not yet at their bottom. Others would simply prefer not to take on a home mortgage in the current economy.