Adjustable-rate mortgages (ARMs) have gained in popularity among borrowers seeking home loans from large banks, according to a new data report from the Federal Reserve Bank of Philadelphia. Conventional ARMs accounted for 25.1% of large bank first mortgage...
After five weeks in decline, mortgage rates were on the rise in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.72% as of July 10, up from last week when it averaged 6.67%. A year ago at this...
Here is some news that will not inspire optimism at Airbnb (NASDAQ: ABNB) – a new survey nearly half (49%) of Americans feel short-term rentals should be banned entirely in residential areas. The survey of 1,000 adults conducted by Clever Real Estate’s Anytime...
How severe is the shortage of affordable housing opportunities? Well, a new survey has found one in five Americans have slept in a storage unit. The survey of 2,000 adults commissioned by StorageUnits.com found 24% of respondents saying they only spent one night in a...
The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is allocating $49.7 million in Affordable Housing Program (AHP) grants from its General Fund and Nevada Targeted Fund to support 31 developments across Arizona, California, and Nevada that will result...
BMO (NYSE: BMO) is seeking to expand homeownership access to Hispanics with its first Spanish-language mortgage application. Available both digitally and in a paper format available at branches, the application offers what the bank described as “culturally and...
