Category: Tightening

Why Banks Are Tightening the Screw on the U.S. Housing Market
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Why Banks Are Tightening the Screw on the U.S. Housing Market

U.S. lending standards have tightened considerably. Banks have become stingy despite low mortgage rates. A possible liquidity crunch is forcing banks to remain conservative. U.S. banks are tightening their purse strings as the novel coronavirus pandemic is putting millions out of a job. If you’re one of those thinking of taking advantage of low mortgage…

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