Wednesday, September 22, 2021 7:08 pm

Why it soon might be easier to buy a home

An agent, right, stands with potential home buyers outside a previously owned home in Mackinaw, Illinois. : Daniel Acker | Bloomberg | Getty ImagesBy Hal M. Bundrick | NerdWallet

Mortgage rates edged slightly higher this week but remain well below 4% as the spring homebuying season hits prime time. And more good news: first-time homebuyers may find it easier to get approved for a home loan when a new automated underwriting system goes into effect in June.

Freddie Mac’s just-released weekly survey of lenders shows the following average rates for the most popular home loan terms:

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