Fannie, Freddie and FHA say sellers can continue to pay commissions to buyer's agents. But what if buyers want to pay their agent themselves and finance it into their mortgage?
The $1.2T funding bill passed by the House Friday averts a partial government shutdown and extends a critical program that protects 4.7M homes through the end of September
After 2 consecutive weeks of rising demand, applications for purchase mortgages dropped last week by a seasonally adjusted 1% from the week before, and by 14% from a year ago: MBA survey
With mortgage rates hovering above 7%, requests for purchase loans were down by a seasonally adjusted 5% week over week and 2% lower than a year ago, MBA lender survey finds
Loans for office buildings specifically dropped 68% year over year and 32% quarter over quarter as investors remained wary about the risk-heavy sectors and interest rates remained high
Firming up of mortgage rates finally catches up with homebuyer demand, with applications for purchase loans falling by a seasonally adjusted 11% last week, MBA survey shows
Purchase mortgage applications surge by 8% as homebuyers seeking to take advantage of recent decline in rates get an early jump on the spring homebuying season, MBA lender survey shows
The former FHA commissioner also held executive positions at World Savings Bank, Freddie Mac, and The Long and Foster Companies before leading the Mortgage Bankers Association
The good news for real estate pros is that closely watched forecasts agree home sales will bottom in Q4 2023, and mortgage rates are looking ready to come down significantly next year
Demand for purchase loans picks up for 4th consecutive week, and bond market investors are pushing rates lower on hopes for Fed easing as inflation subsides
Two closely watched forecasts agree that mortgage rates have probably peaked, but the MBA and Fannie Mae diverge sharply on how quickly they'll come down over the next 2 years
Requests for purchase loans were up 4% last week compared to the week before, but down 20% from the same time a year ago, Mortgage Bankers Association's weekly survey of lenders finds
Having slashed premiums on new FHA loans by 35% in March, and with insurance in force growing faster than reserves, HUD officials are showing no signs they'll give in to industry demands
Dovish remarks from Fed policymakers help ease fears of more rate hikes, bringing yields on benchmark 10-year Treasury notes back down to where they were at the beginning of October
MBA, NAR and NAHB warned in a joint letter Monday that uncertainty over the Federal Reserve's next moves is disrupting the housing sector and threatens to send the US economy into a tailspin