Refinancing Share Retreats in June and FICO Scores Drop
The market share of purchase loans increased to 51% in June from 47% in the prior month as demand for refinancings weakened.
August 9, 2021 1 MIN
Mortgage Rates Fall to the Lowest Level Since February on Virus Concerns
Mortgage rates are falling because of "uncertainty" caused by a resurgence of the pandemic, Freddie Mac's chief economist said.
August 5, 2021 2 MIN
It’s a `Different Kind of Housing Boom,’ Wells Fargo Says
An inventory shortage and high standards for mortgages will keep the U.S. from a repeat of the housing bust that occurred in 2008, Wells Fargo economists said.
August 3, 2021 3 MIN
Non-Agency Mortgages Eligible for $10 Billion Foreclosure Prevention Program
The Federal Reserve on Monday announced guidelines for a $10 billion program aimed at keeping people with non-traditional mortgages in their homes.
August 2, 2021 2 MIN
Home Prices Surge at Record Pace on Low Mortgage Rates
Home prices are surging as low mortgage rates allow borrowers to get bigger mortgages, making it possible to bid higher on properties in a market where listings are scarce.
July 27, 2021 2 MIN
Homeowners With Government-Backed Mortgages May Qualify For Lower Payments, White House Says
Homeowners with mortgages backed by the departments of Housing and Urban Development, Agriculture or Veterans Affairs could get their monthly payments reduced under new guidelines aimed at avoiding foreclosures.
July 23, 2021 2 MIN
Mortgage Rates Drop to Five-Month Low on Delta-Fueled Pandemic Resurgence
Mortgage rates dropped this week to the lowest level in five months as bond market investors worried a pandemic resurgence could slow the economy.
July 22, 2021 1 MIN
Mortgage Rates Fall to Five-Month Low as Delta Concerns Rise
Mortgage rates dropped to a five-month low on Friday as mortgage investors worried about the economic impact of the pandemic’s hyper-transmissable Delta mutation.
July 19, 2021 3 MIN
