Refi market in Ariz. nearly zippo, says mortgage banker

By Catherine Reagor | The Arizona Republic

Refinancing is tougher now for many homeowners because of tighter lending guidelines. Even former Federal Reserve Chairman Ben Bernanke says he is having trouble lowering the interest rate on his house.

This month, he told a crowd at a Chicago conference on senior housing that lending guidelines are so tight he hasn’t been able to refinance.

“Unfortunately, Bernanke, like many, found that tightened credit guidelines do not discriminate, especially to those who recently became self-employed,” said Amy Swaney, manager of the Scottsdale office of Citywide Home Loans.

Continued:

If you’d like to discuss real estate matters, contact Rose Law Group founder Jordan Rose, jrose@roselawgroup.com

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October 12, 2014

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Refi market in Ariz. nearly zippo, says mortgage banker

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Refi market in Ariz. nearly zippo, says mortgage banker

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