The post Here’s What Happens When You Can’t Make Your Mortgage Payment appeared first on Weekly Real Estate News.
Here’s What Happens When You Can’t Make Your Mortgage Payment
Housing Wire
Buyers are getting cold feet as mortgage rates exceed 7%: Redfin
Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. Nearly 60,000 home-purchase agreements were canceled nationwide in August, equal to 15.7% of homes that […]
Housing Wire
FHA makes 30 bps MIP cut, mortgage industry cheers
The Federal Housing Administration (FHA) on Wednesday morning announced a 30 basis point reduction in the annual premium charged to mortgage borrowers. The cut, widely anticipated by the industry, will result in mortgage insurance premiums […]
Housing Wire
Mortgage apps decline as first-time buyers pull back from the market
As the banking crisis stabilized last week, mortgage rates increased, reducing borrower demand for home loans. However, with limited for-sale housing inventory, these higher rates are primarily challenging for potential first-time homebuyers. Overall, mortgage applications […]