Two credit tightening items in the last 2 days...Yesterday, I received an update from one loan company, "Appraisal guidlines in extreme declining markets"Basically, a guidline that required more recent comps, and updates up to the date of closing, if anything else sells that would lower the comparable price. Also, in addition to sold comps, for sale comps would need to be examined to, before value could be determined. Ok, so a little more difficult getting an appraisal to work, even if you find a buyer. This could force some transactions to reset sales price/ or cancel due to the appraisal contingency. Today, I received the following information: Fannie Mae and Freddie Mac will be increasing their rate adjustments effective immediately.The following factors will determine interest rates:If a borrower has a LTV above 60% there will be a pricing hit.If a borrower has a FICO score below 720 there will be a pricing hit.If a borrower is cashing out there will be a pricing hit.As a result of these changes, interest rates will increase anywhere from .125 to 2 percent.Loans that are not affected are My Community Mortgage (MCM), FHA, and 15 year fixed.Example:Today's 30 year fixed rate is aprroximately 6.375% with 0 points for a borrower with a 675 FICO score and looking to do 80% cash out.As of April 1st for the same scenario, the rate will increase to approximately 6.75% with the borrower paying 2 points.Although this is an industry-wide rate increase effective immediately Ok, so more charges based on credit score/ and LTV. Drip by drip, credit keeps getting either harder to get or more expensive. March 26 2008 - US44YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.