Home sales should break through the 5 million mark next year as more inventory gradually comes on the market and home prices decline, economists at the Mortgage Bankers Association predict. Continue reading
Homebuyer demand is still stronger than a year ago, but seasonal shifts have pushed the mix of business toward refinancing, which accounted for 59% of loan applications last week. Continue reading
The 9-3 split vote reflects differing views on whether the central bank’s biggest worry is inflation or rising unemployment, with data lagging after the government shutdown. Continue reading
Fannie Mae forecasters are predicting mortgage rates will fall below 6 percent by the end of next year. Economists at the Mortgage Bankers Association don’t see rates coming down at all. Continue reading
After the Federal Reserve approved the second rate cut of the year, mortgage rates moved in the opposite direction as investors who fund most home loans worry about inflation. Continue reading
Rates on 30-year fixed-rate mortgages hit another 2025 low on Tuesday, dropping to 6.12 percent, nearly a full percentage point lower than January. Rates now have less room to come down. Continue reading
The FHA’s Office of Single Family Housing and some of its mortgage insurance programs are “operational but with limited services,” HUD said in bulletin to lenders. Continue reading
Recent Trump appointee Stephen Miran was the lone dissenter in Wednesday’s 11-1 vote, holding out for a bigger, 1/2 percentage point rate cut advocated by the president. Continue reading
Homebuyer loan applications flooded in last week at the second-highest level of the year. Demand for adjustable-rate mortgage loans is at the highest level since 2008. Continue reading
Investors who fund most home loans are no longer wondering whether the Federal Reserve will cut rates this month, but by how much. At least three quarter-percentage point rate cuts are now expected this year. Continue reading