Freddie Mac tightens condo and manufactured home loan rules
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
Mortgage rates slip to lowest point since mid-May
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
Mortgage Applications Flat, Purchase Activity Edges Higher
Mortgage application activity was essentially unchanged last week, as a modest increase in purchase demand offset a slight decline in refinancing. The Mortgage Bankers Association (MBA) reported a 0.04% increase in total application volume on a seasonally adjusted basis for the week ending June 26.
Pamela Heman
Phone:+1(816) 810-5001