Mortgage Industry News
40% of New Mortgages Went to Buyers Under 35
Redfin determined the median age of first-time U.S. homebuyers last year was 35. Continue Reading 40% of New Mortgages Went to Buyers Under 35
Mortgage Rates Down Slightly, Though Still Elevated
The 30-year fixed-rate mortgage averaged 7.02%, down from last week when it averaged 7.09%. Continue Reading Mortgage Rates Down Slightly, Though Still Elevated
New York Fed Study Finds Rising Level of Loan Application Rejections
The rejection rate for mortgages in June was 13.2%, up from 10% in February. Continue Reading New York Fed Study Finds Rising Level of Loan Application Rejections
New Senate Bill Seeks to Overturn FHFA’s LLPA Rule
“The Biden administration is making homeownership more difficult for everyday Americans,” said Sen. Braun. Continue Reading New Senate Bill Seeks to Overturn FHFA’s LLPA Rule
Mortgage Rates Rise to Just Under 7%
“Mortgage rates increased to their highest level since November 2022,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Rise to Just Under 7%
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