Lower FICO Scores Push FHA to Tighten it’s Underwriting Standards
The FHA told lenders it’s tightening underwriting requirements for FHA-insured loans because it’s worried that too many risky loans are being made, according to The […]
Loans & Mortgages
Mortgage Rates Drop to Lowest Levels in a Year, Boosting Sales Forecasts
Based on Freddie Mac’s latest Primary Mortgage Market Survey, U.S. mortgage rates dropped with the beginning of spring homebuying season in mid-March 2019. Sam Khater, […]
U.S. Commercial, Multifamily Mortgage Debt Reached $3.39 Trillion in 2018
According to the Mortgage Bankers Association’slatest Commercial and Multifamily Mortgage Debt Outstanding quarterly report for 2018, the level of commercial and multifamily mortgage debt outstanding […]
Adjustable Rate Mortgages Make a Comeback
Adjustable Rate Mortgages (ARMs) are making a comeback. In December 2018, 9.2 percent of all new mortgage loans had an adjustable rate, up from 8.9 […]
U.S. Mortgage Rates Dip in Early December
According to Freddie Mac’s latest Primary Mortgage Market Survey, U.S. mortgage rates dropped in early December 2018, after weeks of moderating. Sam Khater, Freddie Mac’s […]
FDIC Proposes New Real Estate Appraisal Guidelines
On Nov. 20, the Federal Deposit Insurance Corp. (FDIC), the Office of the Comptroller of the Currency and the Board of Governors of the Federal […]
Fixed Mortgage Rates are Nearly 1 Percent Higher than Last Year
Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year fixed-rate mortgages climbed to 4.6 percent from 4.54 percent last week. The average […]
Mortgage Rates Resume Downward Direction
Mortgage rates inched back over the past week and have now declined in three of the past four weeks. Freddie Mac reports the following national […]
Mortgage Rates Reach a 7-Year High
Based on Freddie Mac’s latest Primary Mortgage Market Survey, after plateauing in recent weeks, U.S. mortgage rates reversed course and reached a new high last […]
Mortgage Rates Jump to 4-Year High
Mortgage rates are back on the move. The 30-year fixed-rate mortgage rose to its highest level since January 2014 this week, also seeing its largest […]