Mortgage Lenders to Ease Up on Home Loans in New Year
Those looking for a home mortgage may have some luck in the upcoming year.
According to Fannie Mae, lenders are expected to ease up on credit standards in the future, making getting a home more affordable.
“These current practices and expectations toward easing among lenders compares to a historically relatively tight mortgage credit standard base,” said Doug Duncan, senior vice president and chief economist of Fannie Mae.
Image via Flickr/Diana Parkhouse