Cost of appraisal service can be considered negligible in a traditional home purchase.
More than half the home purchases last year were by Hispanic buyers.
Consumers also spent less than previously thought, particularly on home purchases.
So I think you'd start seeing some significant dropoff in the amount of cash available for home purchase.
But the typical family is not in a position to do this, and thus must arrange to finance its home purchase.
The change affects both existing and new loans used for home purchase.
Money for home purchases can only be taken out up to March 1, 1993.
A separate report said mortgage applications for home purchases rose last week.
Nationally, less than 3 percent of home purchases end in foreclosure.
The goal here is to time your home purchase carefully.