Mortgage Industry News
Mortgage Rates Take Another Upturn
The 30-year fixed-rate mortgage averaged 6.30% as of April 30, up from last week when it averaged 6.23%. Continue Reading Mortgage Rates Take Another Upturn
Report: Homebuyer Affordability Declined in March
The national median mortgage payment for conventional loan applicants was $2,145. Continue Reading Report: Homebuyer Affordability Declined in March
Mortgage Application Activity Drops by 0.8%
The FHA share of total applications decreased to 19.3% from 19.5% the week prior. Continue Reading Mortgage Application Activity Drops by 0.8%
Mortgage Rates Rise for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 6.46% as of April 2, up from last week when it averaged 6.38%. Continue Reading Mortgage Rates Rise for Fifth Straight Week
Finance of America Reverse Debuts HomeSafe Second Line of Credit
The product is now available in California, with a further rollout planned in the coming weeks. Continue Reading Finance of America Reverse Debuts HomeSafe Second Line of Credit
The City with the Highest Mortgage Delinquency Rate Is…
San Francisco and San Jose ranked at the bottom as the cities with the lowest mortgage delinquencies. Continue Reading The City with the Highest Mortgage Delinquency Rate Is…
Mortgage Application Activity Tumbles by 5.2%
The FHA share of total applications increased to 19.9% from 19.4% the week prior. Continue Reading Mortgage Application Activity Tumbles by 5.2%
New Home Purchase Mortgage Applications Down in October
The average loan size for new homes increased from $379,107 in September to $381,404 in October. Continue Reading New Home Purchase Mortgage Applications Down in October
Hits and Misses for the Real Estate Week of Nov. 10-14
Trump’s 50-year mortgage plan, the continued upswing in foreclosure activity, and a military base’s unlikely neighbor. Continue Reading Hits and Misses for the Real Estate Week of Nov. 10-14
Mortgage Delinquency Rate Up During Q3
The delinquency rate was up 6 basis points from the second quarter and up 7 basis points from the third quarter of 2024. Continue Reading Mortgage Delinquency Rate Up During Q3
California Realtors Back Assumable Mortgage Idea
“Assumable loans could play a key role in unlocking housing opportunities for buyers,” said the organization. Continue Reading California Realtors Back Assumable Mortgage Idea
Mortgage Application Activity Takes a 0.6% Uptick
Among the federal programs, the FHA share of total applications increased to 19.4% from 18.5% the week prior. Continue Reading Mortgage Application Activity Takes a 0.6% Uptick
Report: White House Aides Furious at FHFA’s Pulte Over Backlash on 50-Year Mortgage Plan
One of the unnamed sources in Politico’s coverage complained that Pulte “sold POTUS a bill of goods that wasn’t necessarily accurate.” Continue Reading Report: White House Aides Furious at FHFA’s Pulte Over Backlash on 50-Year Mortgage Plan
Zillow Sued Over Alleged Mortgage Steering
The lawsuit seeks to expand into a class action case that would cover all US homebuyers directed by a Zillow-affiliated agent into using the company’s mortgage services. Continue Reading Zillow Sued Over Alleged Mortgage Steering
Bloom Finance Company Debuts Reverse Mortgage with Lifetime Fixed Interest Rate
The new product is designed to protect seniors by eliminating uncertainty from interest rate changes and renewal premiums. Continue Reading Bloom Finance Company Debuts Reverse Mortgage with Lifetime Fixed Interest Rate
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