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Will Housing Inventory Ever Recover? | Knowledge Brokers Podcast 016

Knowledge Brokers Podcast

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The Effect of Lower Credit Scores on Homeownership

Mortgage news daily reports on changes to credit scoring system. Those with a score of 659 will pay 1.5% less for home loans, but those with 780 or above won't get the same deal. John Avlon: "I don't know that you could consider this a subsidized trade-off like Fox News is pitching" He says there's too much competition on affordable houses and people are appraisal sensitive.

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