Mortgage Industry News
30-Year Fixed-Rate Mortgage Drops Below 6% for the First Time Since 2022
A year ago at this time, it averaged 6.76%. Continue Reading 30-Year Fixed-Rate Mortgage Drops Below 6% for the First Time Since 2022
Mortgage Application Activity Remains Flat
The FHA share of total applications decreased to 16.1% from 18.4% the week prior. Continue Reading Mortgage Application Activity Remains Flat
Mortgage Application Activity Remains Mostly Flat
“The government purchase index, which includes FHA, VA, and USDA applications, increased 9 percent and had the strongest week since 2023,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Remains Mostly Flat
Swalwell Sues Pulte Over Mortgage Fraud Allegations
Swalwell also accused Pulte of violating the Privacy Act of 1974, which forbids federal agencies from making unauthorized public disclosures of sensitive information relating to an individual. Continue Reading Swalwell Sues Pulte Over Mortgage Fraud Allegations
Report: Mortgage Delinquency Rate Down 11% Year-Over-Year
October’s foreclosure starts slowed by 9.8% from the prior month, but the foreclosure inventory was up by 37,000 (19%) year-over-year, Continue Reading Report: Mortgage Delinquency Rate Down 11% Year-Over-Year
First Home Mortgage Corp. Rolls Out Down Payment Assistance Program
Under this program, the buyer contributes 1% and First Home Mortgage contributes 2% (up to $5,500) towards the down payment and/or closing costs. Continue Reading First Home Mortgage Corp. Rolls Out Down Payment Assistance Program
Freddie Mac Extends Mortgage Assistance to Very Low Income Borrowers
The funds can also be used to cover closing costs, escrow and mortgage insurance premiums. Continue Reading Freddie Mac Extends Mortgage Assistance to Very Low Income Borrowers
Household Debt Reached $17.5 Trillion in Q4 2023
Mortgage balances rose by $112 billion from the previous quarter and stood at $12.25 trillion at the end of December. Continue Reading Household Debt Reached $17.5 Trillion in Q4 2023
Fairway Independent Mortgage to Shut Down Wholesale Division
The final lock date on new loans is scheduled for Feb. 9 and the last day to submit new loans is Feb. 16. Continue Reading Fairway Independent Mortgage to Shut Down Wholesale Division
Tammac Holdings Corp. Expands Into Michigan and Alabama
The company can now offer manufactured and mobile home loans in the two states. Continue Reading Tammac Holdings Corp. Expands Into Michigan and Alabama
Mortgage Rates Continue to Drop
“With continued deceleration in inflation we expect rates to decline further,” said Freddie Mac Chief Economist Sam Khater. Continue Reading Mortgage Rates Continue to Drop
Mortgage Application Activity Declines by 7.2%
“Low existing housing supply is limiting options for prospective buyers,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Declines by 7.2%
Mortgage Rates and Purchase Loan Applications Inch Up
“We anticipate a busier spring homebuying season than 2023,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates and Purchase Loan Applications Inch Up
Single-Family Home Sales, Buyer Affordability Ticked Up in December
The national median mortgage payment was $2,055 in December. Continue Reading Single-Family Home Sales, Buyer Affordability Ticked Up in December
MBA: Only 0.23% of Loans in Forbearance at the End of 2023
According to MBA’s estimate, 115,000 homeowners are in forbearance plans. Continue Reading MBA: Only 0.23% of Loans in Forbearance at the End of 2023
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