More than half of U.S. states don't require adequate disclosures to homebuyers about past flooding events or a property's location in a flood plain, Fannie Mae said.
This week’s jump in mortgage rates shrank the pool of eligible borrowers who would benefit from a refi to the lowest level since 2019, Black Knight said.
The Fed's signal last week that it was getting ready to shrink its balance sheet was a "big surprise" to the financial markets, a Schwab report said.
The average rate on a 30-year fixed mortgage rose in 2021’s final week to a level that was nearly half a percentage point higher than a year earlier, MBA said.
Mortgage rates fell as investors' worries about the hyper-transmissible Omicron variant outweighed inflation jitters.
Some lenders offer mortgages for doctors and dentists that allow higher debts such as student loans.
Despite a half-percentage-point gain in home loan rates, real estate sales likely will reach a 16-year high in 2022, CoreLogic's chief economist said.
The average U.S. rate for a 30-year fixed home loan rose to the highest level in more than a month as the Fed stepped away from the bond markets.
Home-price growth in the third quarter increased the amount of tappable equity held by Americans to a record $9.41 billion, the report said.
November’s shortfall in jobs creation “may deter the Fed from moving too quickly” to enact its bond tapering, Wells Fargo economists said.
