The company is rolling out a special-purpose credit program to help address what it describes as “the biggest barriers to achieving homeownership.” Such programs are gaining popularity among banks.
https://www.nationalmortgagenews.com/news/wells-fargo-offers-down-payment-grants-to-boost-minority-homeownership
Refi potential spreads as average borrower rates rise
Nearly one-quarter of borrowers now have a rate above 5% as households in this category grow and...
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