Mortgage Industry News
Mortgage Application Activity Takes a Downturn
The seasonally adjusted Purchase Index increased 1% from one week earlier, but the unadjusted index fell by 19%. Continue Reading Mortgage Application Activity Takes a Downturn
FHA Updates 203(k) Program for Home Repair Financing
“The changes we are announcing today for the 203(k) program are long overdue,” said FHA Commissioner Julia Gordon. Continue Reading FHA Updates 203(k) Program for Home Repair Financing
Eric Francis Named VP of Finance at GO Mortgage
Francis was previously vice president of mortgage at A+ Federal Credit Union. Continue Reading Eric Francis Named VP of Finance at GO Mortgage
Serious Mortgage Delinquency Rate at a 23-Year Low
Idaho was the only state to see an annual uptick in its overall mortgage delinquency rate during July, albeit at a scant 0.1 percentage point. Continue Reading Serious Mortgage Delinquency Rate at a 23-Year Low
Mortgage Rates at Highest Peak in Almost 23 Years
The 30-year fixed-rate mortgage averaged 7.31% as of Sept. 28, up from last week when it averaged 7.19%. Continue Reading Mortgage Rates at Highest Peak in Almost 23 Years
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