Iowa Bankers Association Iowa Bankers Insurance & Services, Inc.
Iowa Bankers Association
8800 NW 62nd Avenue
Johnston, IA 50131
Toll-Free: 800-532-1423
Local: 515-286-4300
Fax: 515-280-4140

Mortgage Catch-22: Interest Rates are Lower than E

:Mortgage Catch-22: Interest Rates are Lower than Ever, But Millions of Borrowers Can’t Get a Loan

As rates fell, making getting a mortgage a more enticing option for people, it also became much harder for certain people to get a loan. As the virus crisis worsened, numerous lenders raised their lending standards, thereby limiting the types of borrowers they’d lend to, because they were trying to protect against lending to borrowers who were either about to or just had lost their jobs.
https://www.housingwire.com/articles/mortgage-catch-22-interest-rates-are-lower-than-ever-but-millions-of-borrowers-cant-get-a-loan/

promo 2

Iowa Bankers Insurance & Services (IBIS) offers Iowa banks a full line of insurance products.

learn more
promo 3

The Iowa Bankers Association (IBA) is dedicated to serving Iowa banks and their employees.

learn more