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CBC Mortgage Agency cuts rates on down payment assistance second mortgages

Housing Wire

CBC Mortgage Agency — a federally chartered housing finance agency — is reducing interest rates on repayable second mortgages used for its down payment assistance (DPA) program. CBC Mortgage Agency is the provider of Chenoa Fund, a national DPA program that comes in a repayable and forgivable option.

Mortgages 419
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What will lower mortgage rates do to spring housing inventory?

Housing Wire

Lower mortgage rates tend to take housing supply off the market and demand has been picking up lately as rates have fallen. However, the recent drop in housing inventory has more to do with seasonality factors than lower mortgage rates. The question now is what will inventory look like in the spring if mortgage rates keep falling?

Mortgages 515
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30-year mortgage rates see largest one-week drop in a year, reviving mortgage demand

Housing Wire

As 10-year Treasury yields tumbled, the average 30-year fixed mortgage fell 26 basis points in the week ending Nov. The 30-year, fixed mortgage averaged 7.5% 9, according to Freddie Mac ‘s Primary Mortgage Market Survey. 9, the largest one-week decrease since last November. as of Nov. for the week ending Nov.

Mortgages 466
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Mortgage applications tick down amid elevated mortgage rates: MBA

Housing Wire

Mortgage applications fell for the third week in a row as mortgage rates surged toward 8%. compared to the week prior , according to weekly mortgage application data from the Mortgage Bankers Association (MBA). For the week ending Oct. 27, total home loan applications fell 2.1% of all applications.” the week prior.

Mortgages 421
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The Real Estate Pulse: Analyzing the 2022 Housing Market

Speaker: Grier Allen, CEO and Co-Founder of BoomTown

And while the seller’s market continues to shape 2022, real estate experts predict significant changes in inventory, mortgage rates, home prices, and buyer’s checklists. For real estate professionals, 2021 was an iconic year. It can be difficult to navigate these constant shifts.

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Have lower mortgage rates already boosted housing demand?

Housing Wire

Did the recent move lower in mortgage rates turn the housing market positive? With mortgage rates moving almost 75 basis points lower from the highs, does the data show that demand has improved? I talked about how much lower mortgage rates can go from here in this recent podcast. I failed 100% of the time so far.

Mortgages 490
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Mortgage rates stabilize after Fed meeting

Housing Wire

Mortgage rates stabilized this week as the Federal Reserve decided to keep its rates unchanged Wednesday. However, mortgage rates still remain at a 23-year high. The 30-year fixed-rate mortgage averaged 7.76% as of Nov. 2, according to Freddie Mac ‘s Primary Mortgage Market Survey. On Wednesday, the U.S.

Mortgages 473