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QUALIFYING MORTGAGE RATE FALLS FOR FIRST TIME SINCE B-20 INTRO

General Steve Marshall 6 Aug

The interest rate used by the federally regulated banks in mortgage stress tests has declined for the first time since 2016, making it a bit easier to get a mortgage. This is particularly important for first-time homeowners who have been struggling to pass the B-20 stress test. The benchmark posted 5-year fixed rate has fallen Read More