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Volume 18 - Number 1

January 10, 2014

Homebuyers Prefer PC Tech to Shop for Mortgages

Mobile technology may seem to be all the rage, with many lenders tapping vendors to help borrowers to shop for rates, mortgages and lenders from the palms of their hands. But a new Fannie Mae survey suggests that borrowers prefer to go “old school” and use their personal computers to find the best mortgage. The use of technology in mortgage shopping is likely to continue – especially among younger borrowers with higher income and educational levels. “Consumers say they use traditional ...

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