Homebuying off to strongest November start since 2022
Rebounding mortgage rates didn’t stop buyers from shopping for deals last week, with requests for purchase loans up 6 percent last week compared to the week before and 31 percent… Read more »
Category: Mortgage Bankers Association
Mortgage applications for home purchases increase
Applications for mortgages to purchase homes gained for the fourth consecutive week while refinancings dropped, the Mortgage Bankers Association said in a Wednesday report. A seasonally adjusted index measuring purchase… Read more »
Mortgage industry lays out its case for widespread coronavirus emergency relief
The mortgage industry’s biggest trade and lobbying groups are banding together to push the federal government for widespread relief for all borrowers affected by the coronavirus outbreak in the U.S…. Read more »
Mortgage rates fall to an all-time low
The average U.S. rate for a 30-year fixed mortgage fell to 3.29% this week, the lowest ever recorded by Freddie Mac in a series that goes back to 1971. The… Read more »
Welcome to the big leagues: Increasing loan limits fuel industry competition
Like clockwork for the industry, every year for the last four years, the Federal Housing Finance Agency increased Fannie Mae’s and Freddie Mac’s conforming loan limits at the start of… Read more »