Mortgage Rates Inch Up This Week

Washington, D.C. November 16, 2017 –  Mortgage rates rose this week, according to the  Weekly Freddie Mac Survey of interest rates conducted nationally. The 10-year Treasury yield inched up 6 basis points, while the 30-year interest rates on home mortgages bumped up 5 basis points to 3.95%. The 15-year fixed loan rose to 3.31%, up from 3.24%… Read More »

FHA Mortgage Insurance Premium Cut in Question as Capital Reserves Fall

November 15,2017, Washington DC –  Today, the Federal Housing Administration (FHA) released its 2017 Annual Report to Congress on the economic condition of the agency’s Mutual Mortgage Insurance Fund (MMI Fund). FHA published the 2017 Annual Report that posts the facts and statistics of the MMI Fund. FHA reports that at the end FY 2017, the… Read More »