Fannie Mae and Freddie Mac announced a new low 3% down mortgage program for 2015. This will make it a lot easier for some people to get into a home this next year. The new program is geared to help new first time buyers, repeat buyers, and homeowners wanting to refinance their homes, with fewer restrictions. Because mortgage programs need to be tailored to the individual needs of the buyer it is important to work with your lender in finding the best program available for you. What this does do is open the door for many people to be able to buy a home who before just didn't have that needed down payment. This new program coupled with the low interest rates should incent more people to become homeowners in 2015.