Mortgage Availability Improves Just as Rates Set to Rise

The Real Deal (New York), Sept. 24, 2021–Keith Larsen
The Federal Reserve signaled on Wednesday that it plans to cut back on its billion dollar bond buying program, which likely will lead to an increase in mortgage rates. The pandemic, meanwhile, has forced lenders to focus on other lines of business, according to Joel Kan, an economist with the Mortgage Bankers Association.