Tuesday, July 24, 2012

Mortgage Lenders are Loosening Up!

July2012-35-gal
We talk a lot about interest rates being at historic lows and that is true but this graph shows that banks are actually starting to loosen up as well.  When polling mortgage professionals about how "tight" the underwriters are we see a positive trend.  This is a good sign that more buyers will be able to take advantage of the low interest rates and home prices.

Thanks,

Doug Schauf
doug@makemaineyourhome.com

 

 

1 comment :

  1. The softening of the lender standards results to have volume of borrowers. "This is a good sign that more buyers will be able to take advantage of the low interest rates and home prices" undeniably true!

    ReplyDelete

Tell me what you think: