Home loans

Most are sold into the secondary market, which increases liquidity and makes it easier to get a mortgage at a lower interest rate.

The application rate for any kind of credit dropped to just over 41% this year from nearly 45% in 2022, according to a Fed survey.

Mortgage applications rose last week, thanks in part to a dip in mortgage rates, according to a new report. But credit availability has been falling.

Econ Extra Credit newsletter #129

The land, labor, supplies, and permits add up.

Some of the initiative is philanthropic, but most of it is lending with an expected return for the bank.

Homeowners with federally backed mortgages can pause their monthly bill for up to a year. But they may get hit with a balloon payment at the end.

It looks like refinancing is making a comeback in the housing market. Dropping interest rates have brought a spike in applications to refinance mortgage loans. According to a report from financial analysts Black Knight, about 5 million homeowners in the US could benefit, saving hundreds of dollars a month. But is it a boon for […]

The Federal Housing Administration is growing concerned that lenders are allowing some first-time home buyers to take on too much risk. Earlier this month, the FHA told lenders that it will flag more loans as high risk, and raise the hurdle some borrowers must jump for FHA-backed loans. Click the audio player above to hear […]

Sales of new and existing homes haven't been this slow for years, so what's a buyer to do?