June 28, 2022

FHA Short Refinancing Plan to Help ‘Underwater’ Homeowners

In an attempt to assist responsible home owners whose mortgage debt is greater than the current value of their homes, the U.S. Department of Housing and Urban Development has begun offering a newly developed option for refinancing their homes. Initially announced last March, this augmentation of the Federal Housing Administration (FHA) home refinancing program will […]

Mortgage Applications Rise on Low Interest Rates

As a result of the lowest interest rates in decades, home mortgage applications rose 4.9% last week. According to the Mortgage Bankers Association, the gain was driven by a 5.7% increase in refinancing applications. New loans for purchasing homes rose by less than 1%. . Refinancing represents 82.4 percent of all new loan activity, its […]