Mortgage News for April 2, 2021
Mortgage Market UpdateClosing Cost OptionsClosing costs can run buyers between 2% and 5% of a home's price. Some borrowers, though, aren't aware that they have a few options for this common mortgage cost. For example, lenders sometimes offer a lower rate to those who...
Mortgage News for March 26, 2021
Mortgage & Housing Market UpdateFHFA Relaxes StandardsThe Federal Housing Finance Agency (FHFA) is extending lighter appraisal and employment verification rules for Fannie Mae and Freddie Mac. Because the pandemic made it harder for appraisers to enter houses, FHFA...
Mortgage News for March 19, 2021
Supply and DemandHousing market inventory already sits at a record low. Now challenges from severe weather further shrink the supply. New listings are down more than 200,000 in the first two months of the year, compared to the average in previous years. The result:...
Mortgage News for March 5, 2021
Mortgage Market UpdateMortgage Rates ClimbRates climbed to 2.81%, their highest point since November. Historic low mortgage rates contributed to a frenzy of home-buying and refinancing, but the coming months could see a steady rise back above 3%. Some observers worry...
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