If you have been reading any reports, all points indicate that mortgage rates are going to rise the third and fourth quarter this year. We are seeing signs of this already, but at the same time, lenders are starting to reduce their minimum standards.
Lenders are reportedly easing credit standards. Wells Fargo, the nation's largest mortgage lender, recently announced it has cut its minimum credit score for borrowers of Fannie Mae and Freddie-backed loans from 660 to 620...
Click HERE for more information from this Bloomberg News article via Realtor Magazine
*For a copy of the most recent Market Update (Market Absorption Rate 2014-04-21), please don't hesitate to call or email me at any time.
Regards,
Marc White
Broker In Charge/REALTOR
Realtor or the Year & Best of the Best 2013
Cash Realty & Cash Custom Homes
Call/Text 828-406-2134
Search 1,000s of Homes Instantly at www.MarcWhiteHomes.com
No comments:
Post a Comment