Page 3 - Re Fi News Today : Breaking News, Live Updates & Top Stories | Vimarsana

jobs. and it is now cheaper to buy a home than ever before. time to play reporter roulette on this thursday. dan lothian, let's begin with you there at the white house. dan, we listen to the president this morning answering many questions and not only did he take on republicans, he's taking on, again, millionaires. >> reporter: that's right. what we are talking about here is that surtax to pay for the president's jobs bill which senate democrats are pushing 5.6% on those making over a million dollars. we did not see or hear a full-throated endorsement of this from the president. in f...

Then? >> you know the housing market has dropped quite far. some markets are continuing to drop. so if you're looking at putting 10% down or 20% down and a lender gets skittish because it's drop even some more, they may want another 5% deposit in order to ensure your mortgage. you've got to look at where you're buying, look at not just your income where how is the housing market behaving where you are. if it is continuing to go home, they may come back at you three months later when you close and say we need more money. >> and 5%. >> that is a lot of cash. absolutely. >> what about refinancing...