MCT Says It's the First to Integrate with Freddie Mac’s Income Limits API Mortgage Capital Trading, Inc. (MCT®), a mortgage hedge advisory and secondary marketing software firm, announced it is the first secondary marketing platform to integrate with Freddie Mac’s Income Limits application programming interface (API) created for the first-time home buyer area median income (AMI) limits.

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How Low Can Home Builders’ Mortgage Rate Offers Go?

Home builders have been touting mortgage rates going down to 3% or lower as incentives to attract buyers. So reports MarketWatch.

arrow 98577 1280California’s Pacific Point Communities, for one, is marketing a four-bedroom home with a rate “as low as 2.75%.”

Jason Will, senior vice president of market growth at Embrace Home Loans, told the site that home builders’ financial model has more built-in margin. This, he says, allows builders to eat the difference from the standard mortgage rate—lately above 6% for a 30-year fixed-rate mortgage—to get empty homes out of their inventories.

Read the full article from MarketWatch.

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