Mortgage industry, homebuyers pinched as high rates, declining cash stall sales ...Middle East

The Orange County Register - News
Mortgage industry, homebuyers pinched as high rates, declining cash stall sales
Looking for a home to buy? Perhaps it’s time to start knocking on doors to see who’s willing to budge. In my 37 years in this industry, I’ve seen this play out before. High mortgage rates and declining cash reserves have homebuyers, equity borrowers and industry brokers struggling to land a deal. Faster than you can say “forget it,” bankers are turning down many self-employed borrowers for home equity lines of credit. Why? It’s largely due to applicants’ declining income over the past year. SEE MORE: Would new bank rules shut out first-time homebuyers? The U.S. personal savings rate, according to the Bureau of Economy Analysis, is 4.6%, nearly half its long-term average. Household debt also

Hence then, the article about mortgage industry homebuyers pinched as high rates declining cash stall sales was published today ( ) and is available on The Orange County Register ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Mortgage industry, homebuyers pinched as high rates, declining cash stall sales )

Apple Storegoogle play

Last updated :

Also on site :



Latest News