According to the Federal Reserve’s quarterly Senior Loan Officer Survey, it’s getting easier to get approved for a home loan.
Pricing for both conforming and FHA mortgage rates improved between Monday and Friday, with the majority of gains occurring late in the week.
Mortgage markets improved last week as the Federal Reserve introduced new economic stimulus.
Mortgage markets improved last week for the second consecutive week.
As another signal of an improving U.S. economy, the nation’s biggest banks have started to loosen mortgage lending standards.