According to Housingwire’s “Monday Morning Cup of Coffee”, a new rule is being worked on by the Federal Reserve. The rule is called Regulation Z and would require lenders to show how a borrower's mortgage would be affected if their were interest rate changes. The possible changes would be shown in a table showing the borrower how & when the interest rate changes could take effect.

Regulation Z is a great way of informing buyers of potential changes to their monthly mortgage before they finalize a variable rate or payment.

We don't anticipate to see any changes until after April 28th  but can’t wait to hear more about the possible change!