Mortgage Rates Mixed This Week but Expected to Head Lower

Interest rates on home loans offered up a mixed bag of results this week, with fixed-rate mortgages showing no change or dipping slightly and adjustable-rate mortgages ticking upward, according to data released Thursday by Freddie Mac. Even with the inconsistencies, mortgage rates across the board remain near their record lows. Those lows may drop farther …

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Low Credit Scores Blocking 1/3 of Americans from Homeownership

Low Credit Scores Blocking 1/3 of Americans from Homeownership Nearly one-third of Americans are unlikely to qualify for a mortgage because their credit scores are too low, making homeownership out of reach for many, according to the online real estate marketplace Zillow. The Seattle-based company analyzed more than 25,000 loan quotes and purchase requests on …

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