Mortgage Industry News
Mortgage Rates Continue to Soar
The 30-year fixed-rate mortgage’s 6.81% was the highest level achieved this year. Continue Reading Mortgage Rates Continue to Soar
Mortgage Application Activity Goes Into Decline
The refinance share of mortgage activity inched up to 27.4% of total applications. Continue Reading Mortgage Application Activity Goes Into Decline
A controversial fix for America’s housing market: more foreclosures
Source: Insider --- How many people should lose their homes to foreclosure? In an ideal world, of course, there would be no foreclosures at all. Everyone who buys a home would get one that fits their income and needs, and people would have enough money to make their...
US home buyers in high-cost areas could soon get $1m mortgages with just a 3 percent deposit after caps for federally-backed loans raised – most Americans in less expensive areas eligible for up to $726,000
Source: Daily Mail --- More Americans will be able to obtain a $1 million mortgage than ever before, thanks to action recently taken by government agencies. The Federal Housing Finance Agency announced this week that the cap for home loans backed by Fannie Mae and...
U.S. single-family home prices slow again in September
Source: CNBC --- U.S. single-family home prices slowed further in September as higher mortgage rates eroded demand, closely watched surveys showed on Tuesday. The S&P CoreLogic Case Shiller national home price index dropped 0.8% month-over-month in September....
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