Prospective home buyers feel the heat over new mortgage rules, but all hope is not lost, industry leaders say Jul 10th

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Prospective home buyers feel the heat over new mortgage rules, but all hope is not lost, industry leaders sayMortgage default insurance is mandatory on down payments between five and 19.99 per cent, and as of July 1 it will be even harder to qualify through the national housing agency. But don’t panic just yet.

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