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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Mortgage Rates Edge Down on Favorable Inflation Signals

Long-term U.S. mortgage rates have inched lower following healthy indications on inflation. So reports CNN.

arrow down icon 157360 1280According to Freddie Mac, the average for the 30-year fixed-rate mortgage was 5.13% in the week ending August 18, a drop of nine basis points from the previous week.

“​​Inflation appears to be beyond its peak, which has stopped the rapid increase in mortgage rates that the housing market was experiencing earlier this year," Freddie Mac’s Sam Khater said in a statement.

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