Mortgage rates fall
The rate for a 30-year fixed-rate mortgage was 6.74% this week, down from last week when it averaged 6.88%. A year ago, the rate was 6.6%
The rate for a 30-year fixed-rate mortgage was 6.74% this week, down from last week when it averaged 6.88%. A year ago, the rate was 6.6%
Nearly three in four first-time homebuyers are optimistic about the current housing market, according to a new survey by TD Bank.
Federal banking agencies will grant temporary exceptions to Financial Institutions Reform, Recovery and Enforcement Act appraisal requirements for real estate-related financial transactions in areas of Maui affected by last year’s Hawaiian wildfires.
FHFA Director Sandra Thompson announced that the agency has launched a pilot program to waive the requirement that lenders first provide independent verification through either a legal opinion or a lender’s title insurance policy when they sell mortgage loans to Fannie Mae or Freddie Mac.
IVES allows taxpayers to authorize third parties to request their tax return or wage transcripts to obtain a residential or commercial mortgage.
The rate for a 30-year fixed-rate mortgage was 6.88% this week, down from last week when it averaged 6.94%. A year ago, the rate was 6.73%.
Two dozen House lawmakers called on federal regulators to investigate the nation’s largest credit union following reports of racial disparities in its lending practices.
ABA’s Dan Brown and Sharon Whitaker discuss community bank exposures to commercial real estate and how community banks are managing shifts in the CRE sector.
The rate for a 30-year fixed-rate mortgage was 6.94% this week, up from last week when it averaged 6.9%.
FHFA announced that in response to public input, it is making changes to its planned implementation of new credit score requirements for single-family loans acquired by Fannie Mae and Freddie Mac.