President Biden could reduce FHA mortgage insurance premiums. Here’s what it means for you
Many mortgage pros believe President Biden will cut FHA mortgage insurance premium (MIP) rates. Here’s what that means for you.
Many mortgage pros believe President Biden will cut FHA mortgage insurance premium (MIP) rates. Here’s what that means for you.
Mortgage applications jumped 8.15% from the week ending Jan. 29, breaking a two-week streak of decreases, per MBA reports. The refinance index and purchase index all saw increases, as well.
The post Mortgage applications on the rise again appeared first on HousingWire.
Minimum Credit Score Needed to Buy a House in 2021: Data Analysis Home Buying Institute
30-year mortgage rates chart with average 30-year rates since 1972. Rates have been dropping, but can they go lower still? Find out here.
Posted To: MND NewsWire
The Acting Secretary of the Department of Housing and Urban Development (HUD) has announced an extension of the deadline for borrowers with FHA mortgage loans to apply for and receive forbearance. Matthew Ammon said up to six months of deferred or reduced mortgage payments may be available to homeowners financially impacted by the pandemic who request it by March 31, 2031. An additional six-month extension to the initial forbearance term is possible. Ammon said, “On the first day of his new Administration, President Biden took immediate actions to stem the economic devastation experienced by the nation’s hardworking families because of the pandemic. Today’s extension supports the President’s direction by providing more time for homeowners to seek mortgage payment relief.” The changed timeline…(read more)
Mortgage applications decreased for the second week in a row – this time, down 4.1% for the week ending Jan. 22. The 30-year-fixed rate rose to 2.95%, its highest level since November 2020
The post Rising mortgage rates push applications lower appeared first on HousingWire.