Mortgage Interest Rates Fall to 13-Month Low
Long-term U.S. mortgage interest rates fell to their lowest point in over a year, according to Freddie Mac.
Long-term U.S. mortgage interest rates fell to their lowest point in over a year, according to Freddie Mac.
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Applications for U.S. mortgage loans jumped to a two-month peak in the latest week, according to the Mortgage Bankers Association.
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The Federal Housing Administration (FHA) has announced plans to cut back on “higher-risk” loans, a move that will protect taxpayers from losses but may hamper some first-time buyers.
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