The market gyrations following the United Kingdom’s vote to leave the European Union have an upside for mortgage lenders, as already-falling interest rates are expected to boost home purchases and refinancing.
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 construction rose in April, extending a pattern of gains and losses that signals the homebuilding industry is contributing little to economic growth.
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. […]
Every person in some point of his or her life experiences a financial crunch. This could be due to a lot of factors ranging from bad money decisions to just plain bad luck
Mortgage rates made a significant jump this week after more than a week of remaining flat. The most prevalent interest rate quoted for the benchmark 30-year fixed-rate home loan today is 3.625%, although lenders are quickly moving toward 3.75%.
By Victor Whitman, ScotsmanGuide.com Pushed up by heavy refinancing on low interest rates, Veterans Affairs (VA)-backed loan volumes and counts rose dramatically last year, according to numbers released this week by the agency. VA loans were up 44 percent by count and 54 percent by volume in fiscal 2015 (ending Sept. 30) compared to fiscal […]
New Mortgage Rules by CFPB Kick in Today To Ease Homebuying
Finding home insurance in Pennsylvania can be a pretty simple task—an Internet search or a quick browse through the Yellow Pages will produce dozens of results. However, find home insurance that meets both your needs and your budget can be quite different tale without taking the time to do a little research. The key to […]
Veterans affected by floods from Memorial Day weekend can now apply for unique zero and low-interest loans. The unique program is being run by the Texas Veterans Land Board (TVLB), in conjunction with Hays County Veteran Services.