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The move affects mortgage insurance premiums paid by new borrowers who take out loans insured by the Federal Housing Administration.
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The mortgage insurance premium is the monthly fee homeowners with FHA-insured mortgages pay to insure their mortgages. The fee is paid on top of the
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Mortgage rates soared to more than 7% last October as the central bank raised its benchmark policy rate in 2022 at the fastest pace in 40 years,
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Borrowers with mortgages insured by the Federal Housing Administration will see their fees cut by about $800 a year, or a 0.3 percentage point,
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The MIP will be reduced from 0.85% to 0.55% for most homebuyers seeking an FHA-insured mortgage, which could mean an estimated savings of $678
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PRNewswire/ — Invesco Mortgage Capital Inc. (the “Company”) (NYSE: IVR) announced today that Katharine Kelley will join its Board of Directors on
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After a short-lived bounce in January mortgage applications renewed their plunge. Mortgage Bankers Association Purchase Index One Year Chart MBA
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Mortgage rates surged 23 basis points, dropping applications for home purchase loans to their lowest weekly mark since 1995.
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The U.S. Department of Housing and Urban Development Wednesday announced cuts to its annual mortgage insurance premiums, a move forecast to save
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Commercial Real Estate … MRP Realty has closed on its purchase of 526 S. Church St. in uptown, formerly owned by Duke Energy.
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David Newcombe of Newcombe · Zimmerman Group at Launch Real Estate discusses the state of Arizona luxury real estate.
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First, a good partnership with a real estate professional can help you as a loan officer build and maintain referral networks. Both the mortgage and
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PacWest to trim 200 mortgage jobs at Civic Financial. The bank expects to save between $30 million and $40 million with its layoffs, which will start
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Mortgage loan applications last week fell to the lowest level since 1995 as mortgage rates rose, the Mortgage Bankers Association reported
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The average rate on a 30-year fixed mortgage is 7.04% with an APR of 7.05%, according to Bankrate.com. The 15-year fixed mortgage has an average
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Mortgage applications tumbled more than 18% last week, the biggest monthly drop since 2015, as rates climb higher and home prices remain
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Thirty-year fixed mortgages are the most commonly sought out loan term. A 30-year fixed rate mortgage has a lower monthly payment than a 15-year one,
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The latest acceleration of mortgage rates contributed to the rapid pullback, especially in the purchase market. The seasonally adjusted Purchase Index
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Fees associated with Federal Housing Administration-insured mortgages are set to see a major price cut. The FHA is set to reduce the annual
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