Record low interest rates, but it’s still getting harder to get a mortgage

MBA report shows mortgage credit availability decreases again in June

By Ben Lane | HousingWire

Mortgage interest rates are nearing all-time record lows and mortgage applications are up dramatically, all thanks to the Brexit, but it looks like those figures may not lead to a huge jump in actual mortgages being taken out, because it’s still getting harder to get a mortgage.

The wet blanket news for prospective homebuyers comes courtesy of a new report from the Mortgage Bankers Association, which showed that mortgage credit availability fell during the month of June.

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July 12, 2016

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