Optimism spreads after new home sales climb in December
Mortgage rates are falling and builders are offering incentives to buyers, but that wasnât enough to prop up new home sales in 2022.Â
Mortgage Bankers Association
Affordability improves, as do hopes for a good spring Â
Affordability has improved in the mortgage market since December due to declines in mortgage rates and slower home price appreciation.
Mortgage rates rise back above 7% – CNN
Mortgage rates rise back above 7% CNN
More Good News for Mortgage Rates on the Horizon
Despite the fact that mortgage rates are already in record territory, the Fed doesnât seem to be satisfied just yet. The Federal Reserve has played a part in pushing mortgage rates lower via a strategy known as âOperation Twist,â which is the method in which they replace their short-term debt holdings with long-term debt. That… Read More »More Good News for Mortgage Rates on the Horizon
The post More Good News for Mortgage Rates on the Horizon appeared first on The Truth About Mortgage.
As mortgage rates decline, the mantra is âno buyers left behindâÂ
Mortgage rates are continuing to decline, which is bringing borrowers on the sidelines back to the market.
“Now is not the time to raise fees on homebuyers” â NAR on FHFA’s pricing changes
Starting May 1, FHFA will incorporate new credit fees into Fannie Mae and Freddie Mac’s price grids. The new fee matrices consist of three base grids by loan purpose for purchase, rate-term refinance, and cash-out refinance loans, recalibrated to new credit score and loan-to-value ratio categories, along with associated loan attributes for each. However, the … [Read more…]
Mortgage rates near 6% unleash horde of homebuyers, and even lower rates could be on the way â but economists warn consumers are still ‘not invincible’ – Yahoo Finance
Mortgage rates near 6% unleash horde of homebuyers, and even lower rates could be on the way â but economists warn consumers are still ‘not invincible’ Yahoo Finance
To root out appraisal bias, dismantle the system?
To root out racial bias in the appraisal system, some experts say thereâs no point in nibbling at the edges. Instead, they suggest tearing the system down and starting fresh.Â
43% of Homebuyers With An Adjustable-Rate Mortgage Regret It
About 43% of homebuyers with an ARM regret taking out the loan. The mortgage has a low introductory rate that goes up and then adjusts over time.
Mortgage forbearance establishes a floor
In December, the forbearance rate for home loans remained at 0.7% for the third month in row, suggesting that it has hit a floor, according to the Mortgage Bankers Association. “New forbearance requests and re-entries continue to trickle in at about the same pace as forbearance exits,” said Marina Walsh, MBA’s vice president of industry … [Read more…]