Industry News

The Federal Housing Finance Agency (FHFA) recently released the home-price index for the third quarter and their findings are quite interesting.  It looks like the U.S real estate market continues to grow with an increase of 6.5% in the past year.  With a healthy and vibrant economy, the real estate market moves forward as demand…

Today, the Federal Reserve announced that they were raising interest rates. This is the third consecutive interest rate hike, and the Fed is citing a strong economy and low unemployment as reasons for this decision. However, potential homebuyers don't need to worry about mortgage rates increasing as the Fed makes their announcement. The Fed raised…

Fannie Mae, the government-controlled mortgage giant, is taking steps to make it easier for millions of student loan borrowers to own a home or refinance a mortgage. Student debt has become an increasing concern, amid worries that borrowers burdened by education loans are postponing home buying , causing a drag on the economy. The average…

The industry is changing and it can be hard to keep track of where we are. Here’s a flyover look at what's going on in the mortgage industry right now.