As prices rise, mortgage lenders are making it easier to buy a house – Seattle Times


LOS ANGELES — Home prices are rising across the country and mortgage rates, though still historically low, are up since the presidential election.

Simply put, buying a home isn’t easy, especially in high-cost metropolitan areas.

But changes in the mortgage industry are afoot, with the goal of loosening some of the strict standards established after the subprime crisis — rules some blame for impeding sales.

“The reality has sunk in that there are buyers out there who will be able to buy homes and make the mortgage payments,� said William E. Brown, the president of the National Association of Realtors. The industry is “trying to give them more options to buy a house.�

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