Purchase mortgage demand picks up for the 4th week in a row to highest level since January as rates continue a post-election retreat that could have legs: MBA survey
Applications for purchase loans jumped 12% week over week and 52% from a year ago as rates dropped to 6.86%, according to a weekly survey of lenders by the Mortgage Bankers Association
Adjustment for rising home prices increases FHA ceiling in high-cost markets like New York, San Francisco and Washington, D.C., and raises the floor in low-cost markets to $524,225
Mortgage giants will be allowed to back loans of up to $1.2M in high-cost markets, providing ammo to critics who say goverment backing for mortgages adds to affordability woes
As a Project 2025 author, Carson advocated raising FHA premiums and for a 'reset' of HUD to reverse 'corrosive progressive ideologies across the department’s programs'
Applications for purchase mortgages were up 2% last week when compared to the week before, but down 1% from a year ago, according to MBA weekly lender survey
Fannie Mae and MBA forecasts dampened expectations for projected home sales in 2025 while offering a more cautious outlook on the prospects of mortgage rates coming down in the new year
Title insurers have waged a protracted PR and lobbying campaign opposing the pilot program and other title insurance alternatives endorsed by the Biden administration and consumer groups
Private mortgage insurers are hoping to head off a repeat of the 35% reduction approved by the Biden administration last year, which is projected to save homebuyers $5.1B over 10 years
Rating agencies are keeping a close eye on whether politicians in the nation's polarized Capitol will rise to challenges including the $34.8T national debt, debt ceilings and inflation
What doesn’t kill us makes us stronger, Real's Jimmy Burgess writes. Be more prepared than ever to see life-changing growth in your business in the coming year
Housing market sentiment rose in October to the highest level since February 2022, but 8 in 10 consumers still said it was a bad time to buy: Fannie Mae survey
Shares in the mortgage giants soared Wednesday on expectations that the Trump administration and Congressional Republicans will revive efforts to privatize the mortgage giants
The share of recently bought homes that went to first-time homebuyers fell to less than 1 in 4 between July 2023 and June 2024, according to a new report
Mortgage giants Fannie Mae and Freddie Mac provided backing for $164B in purchase mortgages in Q3, up 10% from Q2, while remaining profitable and growing their combined net worths to $147B