Just remember that if you're trading up, make sure it's a move that you can afford. Just like you figured out with your starter home that you were going to be able to afford the mortgage...

Read more about what financial experts have to say on buying your home in today's market.

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• First Time Home Buyer
• Home Equity
• Mortgage Advice
• Purchase
• Real Estate
• Saving & Investing
• Trends in Mortgage Lending

The Obama administration released 31-page outline for the future of housing finance today, and while the future is still murky, what is clear is that the impact on the mortgage industry will be felt by homebuyers and lenders.

The administration has proposed that Fannie Mae and Freddie Mac gradually disappear within the next 10 years at most, and Congress received three different options for how to achieve such an overhaul.

Read more about the proposed changes to housing finance

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• News & Commentary
• Trends in Mortgage Lending