DAILY REAL ESTATE NEWS | TUESDAY, MARCH 28, 2017
Mortgage financing giant Freddie Mac has expanded access to credit for American families without credit scores. Beginning in June, borrowers without credit scores may be able to easily qualify for purchase mortgages or no-cash-out refinance transactions. Still, borrowers will have to show payment references, like records showing timely housing payments.
DAILY REAL ESTATE NEWS | FRIDAY, DECEMBER 30, 2016
Though mortgage rates moved higher again this week, borrowers should still appreciate how low they are — because they're likely to increase further. Despite nine consecutive weeks of rises in mortgage rates, the annual average for the 30-year fixed-rate mortgage was 3.65 percent in 2016 — the lowest annual average ever recorded by Freddie Mac.