A slow start to the spring selling season from an affordability crisis led to less interest in buying a newly constructed home last month. Processing Content Though new home purchase applications for May were 3.8% higher from the same time last year, they were down 3% from April, the Mortgage Bankers Association reported Thursday. “Even […]
New-home loan applications drop as builder sentiment ebbs Read More »
United Wholesale Mortgage is expanding its product offerings and joining other nonbanks in the physician mortgage niche. Processing Content The lender now offers doctor loans for certain medical professionals seeking homeownership. Although many in this field have high earning potential and a stable career path, they often struggle to qualify for a mortgage due to
UWM offers doctor loans with flexible terms Read More »
Mortgage rates slid this week, but experts said they don’t expect the trend to last after a terse interest rate message from the Federal Reserve. Processing Content The 30-year fixed-rate mortgage averaged 6.47% as of Thursday, down five basis points from a week ago, Freddie Mac reported. The 15-year FRM also dropped three basis points
Mortgage rates fell but are shifting after FOMC forecast Read More »