The average contract interest rate for 30-year, fixed-rate mortgages dropped to 3.45 percent from 3.49 percent, its lowest level since the Mortgage Bankers Association began…
Posts published in “mortgage bankers association”
The lender will require a 700 credit score and 20 percent down for mortgages. Source: Inman News
The Mortgage Banker Association’s Sara Singhas explained how mortgage forbearance and repayment works and what homeowners should do if they need more time. Source: Inman…
The Mortgage Bankers Association said the decrease is due to stricter lending standards and increased likelihood of loan forbearance and defaults. Source: Inman News
Mortgage application activity increased by 15.3 percent, and the refinance index increased 26 percent during the week ending March 27. Source: Inman News
The administration did not make clear how borrowers might catch up on payments in the future, however. Source: Inman News
The presidential hopeful wants to make Freddie Mac and Fannie Mae a “single, fully government-owned mortgage guarantor” that benefits taxpayers and community banks. Source: Inman…
The Mortgage Bankers Association announced Wednesday that the Market Composite Index reached its highest level last week since May 2013. Source: Inman News
Mortgage rates will remain stable for the next two and a half years, predicts an economist from the Mortgage Bankers Association. But the national housing…