Mortgage Lenders to Ease Up on Home Loans in New Year


Those looking for a home mortgage may have some luck in the upcoming year.

According to Fannie Mae, lenders are expected to ease up on credit standards in the future, making getting a home more affordable.

“These current practices and expectations toward easing among lenders compares to a historically relatively tight mortgage credit standard base,” said Doug Duncan, senior vice president and chief economist of Fannie Mae.

Image via Flickr/Diana Parkhouse

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