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Loan officers are seeing an uptick in FHA, VA demand

Housing Wire

According to the MBA, rates for Federal Housing Administration (FHA) loans dipped to 6.42%, while refinance activity posted its fastest pace since October 2024. The move in government refinances was driven by a 75% increase in VA loans, which have been prone to large changes in recent months. More renovations?

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Rocket completes Redfin deal, announces Rocket Preferred Pricing

Housing Wire

billion in equity. Rocket Preferred Pricing is available to qualified clients buying a home with conventional, FHA or VA loans. The transaction faced no opposition from antitrust regulators and received approval from Redfin shareholders on June 4. “I’ve used Redfin every day for the last 20 years.

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NAR: Homebuyers still have down payment misconceptions

Housing Wire

For repeat buyers, the figure was significantly higher last year at 23% — a reflection of rising home equity over time. Financing options, misplaced guidance Conventional loans remain the most common path to homeownership , but many first-time buyers also turn to government financing. Another 9% used U.S.

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How will first-time buyers fare if sellers can’t offer buyer agent compensation?

Housing Wire

But for first-time and other cash-strapped buyers—those who are not relying on the proceeds of a home sale, who may be using a 100% financed VA loan, whose agents may be layering forms of assistance to put together enough cash for closing—knowing in advance about the seller’s contribution to their agent costs may be essential.

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Optimal Blue reports 40% jump for rate-and-term refis

Housing Wire

Interest rate improvement, while marginal, is attracting refinance activity as homeowners who bought at higher rates work the numbers and find they can reduce their monthly payments or tap into home equity, Brennan OConnell , director of data solutions at Optimal Blue, said in a statement. The average purchase credit score was flat at 737.

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How Mr. Cooper plans to power Rocket’s homeownership flywheel

Housing Wire

That was tied to the shift of $60 million in sub-serviced loans to other firms amid the closure of its Flagstar deal at the end of the year the biggest acquisition in Mr. Cooper’s history. Servicing loans opens the opportunity to offer clients more products. billion in loans across 32,296 loans in the first quarter, with $1.9

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20% down? How to help buyers who don’t know that’s a myth

Real Estate News

The typical down payment for repeat buyers tends to be larger, NAR noted, and nearly doubled in the past decade amid housing equity growth. Most first-time buyers (69%) rely on savings to fund their down payments, and 1 in 4 use gifts or loans from family members or friends. Where is the money coming from? Write to Meghan Roos.