As prices rise, mortgage lenders are making it easier to buy a house

Aug 4, 2017, 16:29 PM by User Not Found
Home prices are rising across the country and mortgage rates, though still historically low, are up since the presidential election.

Home prices are rising across the country and mortgage rates, though still historically low, are up since the presidential election.

Simply put, buying a home isn’t easy, especially in high-cost metropolitan areas such as Los Angeles County, where the median price of a home hit $569,000 in June.

But changes in the mortgage industry are afoot, with the goal of loosening some of the strict standards established after the subprime crisis — rules some blame for impeding sales.

Click here to read the full article via Los Angeles Times.

 
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