Federal Housing Administration (FHA) Commissioner Brian D. Montgomery has announced the loan limits for FHA forward mortgages in 2020. The limits are based on..
Conforming Loan Limit Increased to $510,400
The conforming loan limit for most of the U.S. will, quite predictably, move higher on January 1. The Federal Housing Finance Agency announced on..
Backyard bungalows are becoming big business for homeowners and builders
KEY POINTS Second homes, formally called accessory dwelling units (ADUs), are cropping up in back and side yards across America, acting as either rental..
2018’s Home Sales Slump Now Fully Erased
While the increase wasn’t as strong as in July, last month’s existing home sales posted a second straight month of gains and, as previously, the National..
Fed cuts interest rates, signals holding pattern for now
WASHINGTON (Reuters) – The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher..
People who bought homes in the past 2 years could see ‘significant’ savings by refinancing now
Home loan rates are down about 1.25% from their 2018 peak, “which can translate to $2,200 a year in savings on a $250,000 mortgage,”..
New FHA Rule Will Ease Condo Approval Process
The long-waited Federal Housing Administration (FHA) rule regulating condominium lending was finalized Wednesday afternoon. The Department of Housing and Urban Development (HUD), the parent..
Top 10 Features Millennials Want—and Don’t Want
At least four out of five millennial buyers prefer laundry rooms, hardwood front exteriors, patios and garage storage. Conversely, they give a thumbs down..
The 10 major U.S. cities where housing costs have increased the most
If you want to live in a big city but have a tight budget, you may want to avoid places such as Miami and..
Millennials drive mortgage refinance boom, and lenders are scrambling
KEY POINTS Refinance applications were up a stunning 116% this week compared with a year ago, according to the Mortgage Bankers Association. That has..
