Mortgage Rates and Homeownership: Down Together

Mortgage rates have hit an all time low, yet homeownership continues to dip in the United States. One would assume that lowering borrowing costs would increase the number of homeowners. However, homeownership has continued to decrease in spite of low borrowing conditions. How have these seemingly contradictory metrics followed the same downward trend in recent years?

The Rise of Marketplace Lenders

Just as Amazon makes it convenient to shop online and deliver the products you need, marketplace lenders are trying to do the same for loans. Their goal is to offer consumers better credit options and to do so in a more efficient way. Through prioritizing the borrower and by using technology to simplify the application process, […]