Payroll tax deduction is going to affect mortgages?

Question by Angry Bird: Payroll tax deduction is going to affect mortgages?
I heard this on the news.That if they extend the payroll tax deduction it will doing getting FHA mortgages more expensive.I do not understand the link.It seems to be only for FHA mortgages, not conventional mortgages.Why? What are they planning to do?And it sounds like it would only affect future FHA mortgages. Not current.

Best answer:

Answer by cactusgene
Angry bird, there is no direct link between payroll tax reduction and mortgage. However, I understand that this bill is over 1,200 pages long and therefore includes provisions that have nothing what-so-ever to do with payroll withholding. I also have heard that it includes some modifications to the FHA program, but I have not seen any details and we just have to wait. However, the House has not passed the bill and the final product may look nothing like what the Senate just passed.

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