We recently wrote about the new mortgage regulations coming into effect, now there is a debate in Washington DC over whether the new, consumer-friendly Good Faith Estimates (or GFEs) and HUD-1 closing disclosures given to all home real estate and mortgage participants will take effect as scheduled less than six weeks from now. The changes are generally welcomed by many in the industry as well as consumers who have long pushed for more clarification on terms and figures. The changes would also allow consumers to effectively shop around for a better deal as they would easily be able to compare the different scenarios without any ambiguity. There has been some debate whether the January 1st date should be stuck with or changed. We will watch this story closely and keep you informed with any changes. Mortgage rates are still low and with properties being snapped up by investors and first time homebuyers the chance to purchase a great property at a fantastic price is slipping away! The time to act is now! Click here to search Ann Arbor Real Estate using our complimentary Ann Arbor Real Estate MLS Search service. Alternatively please contact Kathy Toth and the team if you need more specific assistance in your Ann Arbor Real Estate needs. Search all listings in Michigan with pictures and tours...Free! Kathy Toth & Team: Ann Arbor Area Real Estate Experts www.KathyToth.com Keller Williams Realty