Mortgage rates freeze as market enters uncertain era

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What Is MERS? | Nolo – What is MERS? Mortgage Electronic Registration System, Inc. or "MERS" is a company that was created by the mortgage banking industry. MERS maintains a database that tracks mortgages for its members as they are transferred from bank to bank.

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Late Tuesday, Sens. Mark Warner, D-Virginia, and Mike Rounds, R-South Dakota, announced they are introducing legislation designed to make it easier for self-employed borrowers to get a mortgage.

Despite lower mortgage rates in the market of late, applications for mortgages have been rather lackluster. The Mortgage Bankers Association of America noted that new applications declined by 0.4% in the week ending May 10, with declines in applications for both purchase and refinance mortgages.

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Mortgage rates forecast. Slower growth doesn’t dim Fannie and Freddie mortgage outlook Even if the U.S. economy slows during the rest of 2019, the outlook for the housing and mortgage market remains strong, said economists at Fannie Mae and Freddie Mac. Housing.

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