The Federal Reserve on Monday announced guidelines for a $10 billion program aimed at keeping people with non-traditional mortgages in their homes.
Home prices are surging as low mortgage rates allow borrowers to get bigger mortgages, making it possible to bid higher on properties in a market where listings are scarce.
New-home sales fell 6.6% in June, the third consecutive decline, as the lack of properties remained a hurdle for house-shoppers who sought to take advantage of low mortgage rates.
Homeowners with mortgages backed by the departments of Housing and Urban Development, Agriculture or Veterans Affairs could get their monthly payments reduced under new guidelines aimed at avoiding foreclosures.
Sales of existing homes rose 1.4% and prices surged in June as an uptick in listings helped buyers find properties.
Mortgage rates dropped this week to the lowest level in five months as bond market investors worried a pandemic resurgence could slow the economy.
Beyond the cleaning and sprucing up you’ll need to do to prepare for listing, there are financial chores you'll need to do before selling your home, such as checking your credit reports and applying for your next mortgage.
Housing starts rose in June but the number of permits dipped, reflecting the roadblocks homebuilders continue to face such as elevated lumber prices and supply chain issues.
An index measuring homebuilder sentiment fell to 80, a decline of three points from May, as supply shortages crimped inventory.
Are you hoping to buy a home in today’s red-hot market? Here are five strategies that can help.
Mortgage rates dropped to a five-month low on Friday as mortgage investors worried about the economic impact of the pandemic’s hyper-transmissable Delta mutation.
Cybersecurity criminals are targeting borrowers with VA loans, often claiming to be from the government, the Consumer Financial Protection Bureau said.
Sales of previously owned homes in April dropped to the lowest level since the start of the pandemic, the National Association of Realtors said.
If builders were able to double this year’s increased pace of new home production, it still would take five to six years to close the gap, according to a report from Realtor.com.
The number of days it took to close mortgages backed by the VA dropped to a 10-month low in July, led by a faster time frame for refinancings, according to a report from ICE Mortgage Technology.
Mortgage rates are rising as the investors who influence housing finance react to a Fed decision to taper bond purchases that supported the economy during the pandemic.
