Here's what you need to know this week
| July 23, 2020 | | | Mortgage News | | | Here's a look at the latest developments in mortgages, homeownership, and beyond. | | | |
| | Record-breaking rates: how low could they go? | | | Already all-time low mortgage rates dropped below 3% for the first time in history this week, which begs the question: how much room do rates still have to fall? | | | | | | |
| | The top 10 cities for millennial homebuyers might surprise you | | | Urban centers are still attracting more millennials than less central areas according to data from new home loan applications at Better Mortgage. Read more. | | |
| | Homebuilding is up 17% — is a new construction home right for you? | | | As demand continues to outstrip supply, reports of an urban-to-suburban shift among first time homebuyers have contributed to another growing trend; new home construction saw a 17% boost last month. Read more. | | |
| | New data suggests higher credit standards for mortgage applicants | | | Average FICO scores on all closed loans increased in June, according to Ellie Mae. Coupled with their finding that closing rates decreased, this could represent lenders getting stricter with who they extend credit to. Read more. | | |
| | Better.com CEO ranked 13th in the US by employees of color | | | According to an anonymous third-party survey of employees of color, Better.com CEO, Vishal Garg ranked 13th on Comparably's top 25 list for 2020. Read more. | | |
| | More on Mortgages | | | | | | For more on homebuying, homeownership, and how mortgages work, visit our resource center any time. | | | | | Questions about your mortgage application? Let's talk.
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