Of course, the topic on everyone's minds is interest rates and some of the changes coming. The change in the usual 5% down payment to 10% over $500,000 breaks up the down payment. You may still do the 5% down payment but only on purchases up to $500,000, after that 10% minimum down payment is required. So, if a purchase price on a property is $550,000 the minimum down payment would be 5% up to $500,000 or $25,000. On the $50,000 over the $500,000 price you would then need 10% or $5,000, so the total down payment would be $25,000 + $5,000 = $30,000. Buyer's please check with your lender not only about down payments but also make sure you are locked in at a lower interest rate as rates are sinking as well. Seller's if your home is priced close to the $500,000 mark bear in mind that these changes coming are going to affect your price point.