Mortgage And Real Estate News

Saturday, January 3, 2015

How mortgage lenders could boost home buying in 2015

WASHINGTON (MarketWatch)— Cutting down-payment requirements and helping owners to quickly build home equity with cheap loans are a couple of ways that the mortgage industry is looking to boost the housing market in 2015.

The year ending this week was a tough one for housing: Sales of existing homes are expected to finish 2014 about 3% down from 2013, and sales rates for new single-family homes are below year-earlier levels. But activity could pick up in 2015: The share of home-mortgage originations that goes to home purchasers is expected to rise as credit access ticks up and refinancing applications continue to shrink.


Reuters: Business News

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