The maximum conforming loan limits on mortgages to be acquired by Fannie Mae and Freddie Mac are set to increase for the fifth year in a row. Click the headline for the full details.
Existing home sales rose for the fifth consecutive month in October, reflecting the pandemic's impact on where people choose to live.
The fact that interest rates have remained this low for months has fueled an extreme and lengthy refinance boom in the mortgage business. But just how long is that boom going to last?
Record low mortgage rates, Millennial homebuyers, and pandemic shifts have made homebuilders more confident than ever.
Borrowers who want to buy a home in a federally designated flood hazard area using a Federal Housing Administration mortgage are required to secure flood insurance, but for many years, the only way to get that insurance was through the National Flood Insurance Program. But that might not be the case for much longer.
If you've seen house prices rising in your area, you're not alone. House prices are rising in every single major housing market in the U.S.
With the COVID-19 pandemic stretching into its ninth month, people across the country are embracing the new normal of working from home and turning vacation homes into their permanent residences. That's turning some of the most traditionally popular vacation home destinations into the hottest housing markets in the country.
PMI is typically paid out as a monthly premium that is added to any part of your mortgage payment.
In the early stages of the pandemic, when job losses were skyrocketing across the country, millions of homeowners asked for forbearance on their mortgages, which they were allowed to do under the CARES Act. But now, even as COVID-19 cases are on the rise, the number of borrowers in forbearance is steadily declining.
While much of the economy suffered in the wake of the pandemic, historically low interest rates are continuing to drive both home purchases and refinances. In fact, new data suggests that the mortgage business is going to have the best year it’s ever had.