The average mortgage issued in the past three months increased by $20,000 reports Housingwire.com
This is a small increase, but nonetheless a positive one for a housing market that can get all the good news it can get. This average increase may signal that lenders are relaxing their qualification criteria slightly and that buyers are willing to borrow more (and have a larger monthly payment) than they would have a few months ago.
For more information on this article, visit Housingwire.com
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