Mortgage Rates Rise to Near Pre-Brexit Levels

Mortgage Rates Rise to Near Pre-Brexit Levels

By Glenn McCullom Rates for the 30-year conforming fixed-rate mortgage rose above 3.5% for the first-time since before the Brexit vote, according to Freddie Mac. The 30-year fixed-rate mortgage averaged 3.52% for the week ending Oct. 20, up from last week when it averaged 3.47%. A year ago at this time, the 30-year fixed-rate mortgage […]



FHA Gives OK to Down Payment Help Following IG’s Criticism

FHA Gives OK to Down Payment Help Following IG’s Criticism

By Brian Collins May 25, 2016   The head of the Federal Housing Administration has informed lenders that loans receiving down payment assistance can continue to benefit from government insurance, despite past questions over the legality of certain assistance programs. Ed Golding, HUD’s principal deputy assistant secretary for FHA, wrote in a recent letter to […]



New Home Purchase Apps Slip in April: MBA

New Home Purchase Apps Slip in April: MBA

Mortgage applications for new home purchases slipped 11% in April from the month before, according to the Mortgage Bankers Association’s Builder Application Survey. The decline can be attributed to a surge in applications for new homes in February and March, said Lynn Fisher, MBA vice president of research and economics, in a news release Friday. […]



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