Your Home Sold Guaranteed - Couture Realty Team

expect your closing rate to decline

Mortgage lenders, expect your closing rate to decline over the next year.

Closings have reached a record high, but Capital Economics warns a backslide is coming. The closing rate for purchase mortgages recently hit a record high, but analysts at Capital Economics warn lenders that this trend is unlikely to continue. Why? Blame a slowing economy. Most often, mortgage applications are rejected because the borrower’s credit score is too […]

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