Fed Is `Talking About Talking About’ Tapering Mortgage and Treasury Purchases
Policymakers indicated rate hikes could come as soon as 2023, after saying in March that they saw no increases until at least 2024.
June 16, 2021 2 MIN
Policymakers indicated rate hikes could come as soon as 2023, after saying in March that they saw no increases until at least 2024.
Homebuilder confidence plunged in June as material prices rose and supply chain shortages crimped inventory, resulting in fewer homebuyers.
Lumber prices have retreated from last month's all-time high as sawmills ramp up production, signaling the dizzying pace of new-home price gains could slow.
While the Covid-19 pandemic is receding in the U.S., a weak global economy is boosting demand in the bond markets.
To qualify for a mortgage backed by the Veterans Administration, you may need to bump up your credit score.
In a hot market, many sellers have easier options than a buyer with a VA loan.
A spike in lumber prices has added about $36,000 to the cost of a new home as builders and renovators compete for limited supply from sawmills, NAHB said in a new report.
The average U.S. FICO score rose to a record high in 2020 amid the worst pandemic in more than a century, according to Experian data.
With no down payment required, flexible credit guidelines and limits on closing costs and fees,...
Mortgage rates ticked higher this week while remaining below the 3% threshold as bond investors worried about rising Covid-19 infections, Freddie Mac said.
Veterans and service members can again use their VA benefits to fund their fixer-upper projects....
Sales of new houses jumped in March to the highest level in more than 14 years as construction crews raced to meet a surge in demand.
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.
