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Home : Blogs : Deleted Person : Mortgage Happenings : Tag "credit score"

credit score: Looking Back And Looking Ahead : March 17, 2008 - 03/17/08 08:30 AM

Mortgage rates fell last week on growing evidence of a recession, but far fewer Americans were eligible to take advantage.
Mortgage lenders continue to reduce product menus and that is leaving homeowners with fewer mortgage financing options than before.
As an added hurdle, Fannie Mae and Freddie Mac recently added "risk-based" fees on all conforming home loans, subjecting mortgage applicants to higher mortgage rates based upon:
Property Type Credit Score Loan-to-ValueSo, even though mortgage rates moved lower last week, for many homeowners, the cost of homeownership did not.
This week, the biggest scheduled news is the Federal Open Market Committee's Tuesday meeting.
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