FHA borrowers can expect to pay even higher rates, but lenders are offering discounts on jumbo mortgages too big for Fannie and Freddie, according to new Optimal Blue Mortgage Market data
After 6 months of easing, credit availability tightened by 8.5% in June
Applications for purchase loans and refinancing both up during holiday-shortened week
A new program gives originators better visibility into how lender fees will be presented to borrowers
Climbing mortgage rates have slowed demand for refinance applications, while purchase applications remain strong moving into spring, according to Mortgage Bankers Association
Mortgage applications and refinance applications increased during the week ending Dec. 11, 2020, according to the Mortgage Bankers Association's weekly survey
Opinion
There will certainly be negative impacts on the housing market from COVID-19, but I anticipate that total existing home sales will drop this year by somewhere between 10-15%
Opinion
The 4 major factors are land, labor, material costs and regulatory fees
The average contract interest rate for 30-year, fixed-rate mortgages dropped to 3.45%, its lowest level since the Mortgage Bankers Association began its weekly survey
Opinion
No one can truly answer this question until we know how mortgage lenders and homeowners who have chosen forbearance will fare
Opinion
The jumbo market has not imploded, but economic uncertainty has led to fewer players in that space today
It's been 10 years since the maximum conforming mortgage limit was set at $417,000
Median home price in the Bay Area hits near-record levels, report says
Discrimination is only one part of this mystery
Why lawmakers benched Fannie, Freddie