Mortgage Industry News
Mortgage Rates Take a Small Dip
The 30-year fixed-rate mortgage averaged 6.46% as of Aug. 22. Continue Reading Mortgage Rates Take a Small Dip
GSEs Update Private Mortgage Insurer Eligibility Requirements
The updated standards will be implemented through a 24-month phased-in approach, with a fully effective date of Sept. 30, 2026. Continue Reading GSEs Update Private Mortgage Insurer Eligibility Requirements
Mortgage Application Activity Down Again
“Credit availability in August increased slightly but remained close to the very low levels last seen in January 2013,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Down Again
Mortgage Rates Drop, But Remain Above 7% Mark
“For the fourth consecutive week, the 30-year fixed-rate mortgage hovered above 7%,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Drop, But Remain Above 7% Mark
The New Normal: Monthly Mortgage Payments of $2,000+ a Month
“Just when did the $2,000 monthly mortgage payment become the norm?” said Black Knight Vice President of Enterprise Research Andy Walden. Continue Reading The New Normal: Monthly Mortgage Payments of $2,000+ a Month
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