3% Down Payment?

3% down payments are back!  In order to help low-income and first time home buyers Fannie Mae and Freddie Mac will begin backing these types of loans.  What do you think? Do you think this will set up the coming of another housing bubble or have borrowers learned not to borrow more than they can pay for? Would love to hear your thoughts and comments! If you are a first time home buyer and would like to learn more contact me!fannie-mae-freddie-mac