Cuts are expected to save borrowers $678 million a year but don’t apply to existing loans or release homeowners who have built up equity from…
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Applications for government-backed purchase mortgages were up 4 percent week over week, accounting for nearly 1 in 4 loan requests from homebuyers, according to the…
Rising rates took their toll not only on refinancing but on homebuyer demand for purchase loans in June, according to an analysis of rate lock…
As demand picks up for government loans favored by entry-level buyers, the average purchase mortgage request has shrunk by 10 percent, to $413,500. Source: Inman…
First-time homebuyers who rely on government mortgage programs are “increasingly challenged” by rapid increases in home prices and higher mortgage rates. Source: Inman News
Demand for purchase loans remains steady, but rising rates are closing the door on refinancing opportunities, according to the Mortgage Bankers Association’s Weekly Mortgage Applications…
Government agencies are looking to better quantify risks from climate change, a step with implications for government-backed home loans. Source: Inman News
Rising mortgage rates have curbed demand for refinancing and purchase loans after inflation worries pushed rates to highest levels since July. Source: Inman News
FHA and VA loans are essential to first-time buyers, who account for about four out of every five FHA purchase loans. However, in today’s market,…