Rates Hurt Spring Purchase Financing Outlook

Rising interest rates on residential loans have senior mortgage banking executives less optimistic about spring home purchase financing than a year ago.

Thirty-five percent of senior executives at U.S. mortgages bankers think it would be easy for consumers to get a home loan as of the first quarter.

That turned out to be the biggest share of executives since at least the first-quarter 2014, when the share who considered it easy was just 15 percent.

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From:: Financing