Articles

October saw mortgage apps rise for new homes by 6%

MBA’s report found that new home sales increased by 3% from September Mortgage applications for new home purchases dipped by 15.2% year-to-year in October, according to a monthly builder survey published by the Mortgage Bankers Association this week. However, on a month-to-month basis, activ...

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Housing starts disappoint in October, falling by 0.7%

While housing starts fell by 0.7% to 1.52 million in October, there was a silver lining Construction of new homes took a dip in October, with housing starts declining month-over-month by 0.7% to 1.52 million, according to a report published by the U.S. Census Bureau and the U.S. Department of H...

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Home price growth, low mortgage rates boost MMI fund

No changes to mortgage insurance premiums as macroeconomic uncertainties loom The Department of Housing and Urban Development is taking a cautionary approach to changes to mortgage insurance premiums after a banner year for its Mutual Mortgage Insurance (MMI) fund. The capital ratio of the Federa...

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