WASHINGTON—A panel of three housing finance executives and one regulator expressed strong confidence the 30-year, fixed rate mortgage will remain a key element of the U.S. housing finance market.
Trade group sees 32% decline in overall volume next year.
Lenders need to be prepared for continual and often rapid shifts in the economy.
WASHINGTON — Sen. Elizabeth Warren says regs may be needed anew on bundled mortgage-backed securities.
WASHINGTON — Panel of bankers, regulators see no end in sight for 30-year, fixed-rate mortgage.
WASHINGTON — CFPB director tells confab that 95% of current mortgage lending will qualify.
WASHINGTON — Freddie Mac CEO Donald Layton talks housing finance GSEs to mortgage bankers' confab.
It happened. It took a bit longer than expected, but it happened. After 30 years of declining long-term interest rates in the United States, credit union executives may have witnessed the “bounce off the bottom” in the past few months.
Mortgage applications rose during week ending 10/11, but applications for purchase money dropped, association said.
In South Florida, 69% of all home sales this summer were cash, with a statewide rate of 66% according to data from RealtyTrac.