We are seeing some big changes coming soon to the mortgage market. Realtors are being urged to write longer contracts to accommodate this new rule: what was a 30 day escrow, will take 45 days; what was a 45 days will take 60, etc.
Read the below article to understand some of the changes that are coming our way.
http://www.inman.com/2015/04/18/come-august-there-will-be-a-new-roadblock-to-closing-a-deal-on-a-house-2/