The latest data showed that existing home sales have risen in four of the last five months. Now, a new report shows that home sales are likely to continue increasing as the year closes out. If that happens, existing home sales will hit a level not seen in 15 years.
The first quarter of this year was the best quarter for the mortgage lending industry in 20 years. However, those heights have not been sustainable as mortgage lending has fallen back a bit in each of the two quarters since then.
Due to home prices increasing by over 18% in the past year, the Federal Housing Administration loan limit will rise for nearly the entire country in 2022.
This is it. You're ready to make the move into homeownership and apply for a mortgage. From all the online searching you've done, you know you need to get 'pre-something-ed' to prove you are a serious buyer. However, which is it: pre-qualified or pre-approved? Both sound good, but they serve different purposes.
For the sixth year in a row, the maximum conforming loan limits on mortgages to be acquired by Fannie Mae and Freddie Mac are set to increase. Here are the full details.
The financial benefits of owning a home continued to grow in the third quarter, as rising home prices boosted the equity that many homeowners hold in their homes.
After falling for four straight months earlier this year, existing home sales have now risen in four of the last five months, perhaps indicating that the housing market may be finding some stable footing as we move towards 2022.
Construction of new single-family homes is up in 2021 compared to last year, but a new report shows that construction could be even higher than it is now if supply is able to keep up with demand.
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.