The benchmark rate (a.k.a. minimum stress test rate) has decreased from 5.19% to 5.04%. This will boost the mortgage amount typical borrowers can qualify for. The Good News The drop from 5.19% to 5.04% now means you can borrow an average of $10,000 more than you could previously! Do you have less than 20% down? […]

The benchmark rate (a.k.a. minimum stress test rate) has decreased from 5.19% to 5.04%. This will boost the mortgage amount typical borrowers can qualify for. The Good News The drop from 5.19% to 5.04% now means you can borrow an average of $10,000 more than you could previously! Do you have less than 20% down? […]