New Home Buyers Receiving Mortgage Rates Under 5%
Despite average mortgage rates remaining above 6%, new home buyers are receiving lower rates, UBS homebuilders and building products analyst John Lovallo revealed.
According to Lovallo, recent buyers who are purchasing newly built homes are paying mortgage rates of 5% or less - below the...
Wells Fargo Plans to Scale Down its Mortgage Business
For a long time, Wells Fargo was the most significant player in the mortgage business in the United States. But that is set to change in the future as the bank plans to scale down its mortgage business in the future.
According to Bloomberg, Wells...