December 8, 2019
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FHA

Consumer Trends 

First-Time Homebuyers Fuel Highest FHA Share of Sales in Two Years

July 23, 2015 Staff 0 Comments consumer borrowing, FHA, mortgages/housing market

The rising tide of FHA loans comes as distressed sales, cash sales and institutional investor sales in June were all down from a year ago to multi-year lows.

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Housing 

Quicken Loans' Battle With Feds Heats Up as Justice Dept. Sues Over FHA Mortgages

April 23, 2015 Staff 0 Comments FHA, financial system reform, mortgages/housing market

Justice contends the Quicken encouraged its employees to disregard FHA rules and say that mortgages met the guidelines when they actually did not.

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Consumer Trends 

Despite More 3% Down Programs, Share of Low-Downpayment Loans at 11-Year-Low

February 25, 2015 Staff 0 Comments consumer borrowing, Fannie Mae/Freddie Mac, FHA, mortgages/housing market

In 2014, 25 percent of buyers using conventional or FHA loans put less than 3 percent down when purchasing a home, down from 27 percent in 2013.

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Latest News 

FHA Refinance Applications Jump 76% After Cut in Mortgage Insurance Premiums

February 5, 2015 Staff 0 Comments FHA, interest rates, mortgages/housing market

FHA refinance applications increased 76.5 percent in response to a reduction in annual mortgage insurance premiums which took effect January 26.

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Latest News 

Refinancing Makes Huge Comeback on Low Rates as All Mortgage Applications Soar 49%

January 14, 2015 Staff 0 Comments consumer borrowing, FHA, interest rates, mortgages/housing market

Mortgage rates have reached their lowest level since May of 2013, falling under 4 percent and causing refinance application volume to soar.

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Housing 

Obama Reportedly to Cut FHA Mortgage Insurance Premiums to Expand Homeownership

January 7, 2015 Staff 0 Comments consumer prices, FHA, financial system reform, mortgages/housing market

Now President Obama is set to announce a cut in Federal Housing Administration mortgage-insurance premiums as the agency’s insurance fund has reached a positive level for the first time in three years

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Housing 

Senators Ask FHA to 'Reasonably and Safely' Lower Mortgage Insurance Premiums

December 20, 2014 Staff 0 Comments FHA, financial system reform, mortgages/housing market

The lawmakers called on Department of Housing and Urban Development Secretary Julián Castro to lower FHA mortgage costs, typically charged to borrowers who bought homes with low down payments.

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Housing 

Private Mortgage Insurance More Viable for Many Borrowers Than Costlier FHA Loans

December 2, 2014 Staff 0 Comments bank fees, credit reports, credit score, FHA, interest rates, mortgages/housing market

Many consumers with down payments below 20 percent can save $2,251 to $12,026 in just five years by choosing private mortgage insurance, the WalletHub report finds.

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Latest News 

FHA to Raise Loan limits for Highest-Cost Areas Starting Jan. 1

December 7, 2013 Staff 0 Comments consumer borrowing, FHA, mortgages/housing market

On Jan. 1, the limits for FHA-insured loans in the nation’s most expensive areas will be $625,500 for a single-unit home, down from $729,500. The current standard loan limit for areas where housing costs are relatively low will remain unchanged at $271,050.

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Latest News 

Mortgage Purchase Applications for Gov't Programs Dip to 6-Year Low

October 16, 2013 Staff 0 Comments Fannie Mae/Freddie Mac, FHA, mortgages/housing market

There is little doubt that the shutdown has had an affect on the mortgage industry as purchase applications for government-sponsored programs dropped by more than 7 percent last week to their lowest level since December 2007, according to the Mortgage Bankers Association.

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Latest News 

FHA to Lenders: Provide 'Informal Forbearance' to Affected Borrowers

October 13, 2013 Staff 0 Comments FHA, financial system reform

The Federal Housing Administration is urging lenders to provide temporary postponement of mortgage payments — or “informal forbearance plans” — for furloughed government employees and contractors who have been affected by the shutdown.

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Interest Rates

Average Mortgage Rates
Loan Type *Rates
30-Year Fixed   3.65%
15-Year Fixed   3.14%
5-Year Treasury-indexed ARM   3.38%

* Source: Freddie Mac for week ending Oct. 3, 2019.

See all articles on Interest Rates.




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