Refinancing just got more expensive, thanks to this new fee
A new fee will be added to conventional mortgage refinances on September 1. Will this mean higher refinance rates? For some, it’s likely.
A new fee will be added to conventional mortgage refinances on September 1. Will this mean higher refinance rates? For some, it’s likely.
The average U.S. mortgage rate for a 30-year fixed loan fell two basis points this week to 2.65% â the lowest rate in the surveyâs near 50-year history.
The post Mortgage rates drop even lower to new record of 2.65% appeared first on HousingWire.
Existing-home sales rose in December, and total home sales in 2020 reached the highest level in 13 years, according to NAR. In all, 5.64 million homes were sold in 2020, up 5.6% from 2019 and the most since before the Great Recession.
The post 2020 home sales hit highest level since 2006 appeared first on HousingWire.
A Federal Housing Administration (FHA) loan or FHA loan is insured by the federal government. First-time home buyers and those with lower credit scores and lower down payments are more likely to qualify for an FHA loan. A conventional loan isnât insured by the government. Itâs instead backed by a private mortgage lender and the… Read More
The post Should You Get an FHA or Conventional Loan? appeared first on Credit.com.
The Alaska Housing Finance Corporation (AHFC) offers low-interest mortgage loans, and down payment and closing cost assistance to first-time home buyers and repeat buyers. This article takes a look at the requirements and provides links to the homebuyer program page for every city in Alaska. Get Pre-Approved for a Mortgage and Check Rates If you […]
The post Alaska First-Time Homebuyer Programs appeared first on The Lenders Network.
Mortgage rates moved higher last week. Freddie Mac reported last Thursday that the 30-year fixed rate mortgage has moved up by 14 basis points to 2.79%. Whether due to the economic recovery, or the likely spending spike we’re going to see from a Democratic president, Congress and Senate, those rates are slowly trickling upwards and … [Read more…]
Mortgage regulator to loosen refinance restrictions for home loans in forbearance MarketWatch
It’s a quiet start to the week with mortgage rates holding steady. That could be a trend that persists for the remainder of the week as there’s really not much scheduled on the economic calendar this week. Thursday and Friday are the only days where we really have some inflation data out that could impact… View Article
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. And that was a pleasant surprise because they’d looked likely to rise again first thing â and also because […]
The Federal Housing Finance Agency (FHFA) has announced a further extension on foreclosure moratoriums on government-backed mortgages and eviction bans on real estate owned (REO) properties. In a Press release, the FHFA said that Fannie Mae and Freddie Mac will extend their moratoriums on single-family foreclosures and REO eviction until February 28. The foreclosure moratorium … [Read more…]