How tight is the credit box

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Here’s why Freddie Mac says the mortgage credit box is so tight

May 17, 2016By

As the spring home-buying season struggles to lift off, many point to tight credit as one reason to blame. Freddie Mac and Fannie Mae made efforts to open the credit box by lowering their minimum down payment to 3%, so why isn’t it working?

3d rendering of a row of luxury townhouses along a street

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