The Atlantic: Why Don’t Record Low Mortgage Interest Rates Matter?
”Mortgage interest rates continue to break record lows. Last week, they hit an incredible 4.44%, according to Freddie Mac. Yet, not many Americans are taking advantage of these rock-bottom rates. [snip] But Fortune reports that banks’ new strict requirements are also preventing many refinance applications from being accepted ...” I would theorize that the many of us who are self-employed will no longer qualify for the mortgages we already have, given the new requirements.
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