Back in August, the demand for new homes rose for the first time since March. The increase was short-lived as demand then fell in September. However, a new report shows that demand bounced back in October.
For the fourth year in a row, the health of the Federal Housing Administration's flagship insurance has substantially improved, leading to renewed calls that the FHA should cut mortgage insurance premiums to ease the costs for FHA borrowers.
The changes to the loan limit rules give veterans across the country more buying power because they may be able to take out a larger loan, depending on their financial situation.
For the fourth straight month, it got a little easier for those seeking a mortgage to get one, as newly released data shows that mortgage credit availability increased in October.
Depending on whether you are a homeowner or homebuyer, consistently rising house prices could be a good thing or a not-quite-as-good thing. And while house prices are still rising in nearly every major housing market, the rate at which they're rising is moderating a bit.
A common theme in the mortgage market over the last few months has been the number of refinances decreasing as interest rates ticked up from the previously unheard-of lows that persisted for more than 18 months. A new report shows that trend continued in October.
The purpose of the government backing loans is to ensure that certain borrowers who may not be able to obtain a Conventional mortgage for various reasons have access to mortgage credit and are therefore able to buy a home.
The Texas housing market has been incredibly hot over the last two years thanks to the flood of people migrating to the state from all over the country. However, for the first time in well over a year, home sales are slowing down.
For most of the last two years, the mortgage market has been dominated by refinances thanks to persistently low interest rates. But the market seems to be shifting back to purchases this year.
August saw the demand for new homes rise for the first time since March. However, it looks like August's increase may have been an outlier, as a new report shows that new home demand declined in September.
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