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Mortgage Rates Fall Sharply – 30-Year at 3.60%

Mortgage rates fell sharply this week with the 30-year loan at its lowest level since November 2016. Financial markets around the globe have been whipsawed by anxiety over the U.S.-China trade war, sending investors fleeing from stocks to the safety of bonds and pushing bond interest-rates to record lows. Mortgage buyer Freddie Mac said Thursday …

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August 15, 2019 HUD Announces New FHA Condo Rules

The U.S. Department of Housing and Urban Development released updated guidelines on FHA-insured condominium financing. The new rules allow more buyers to obtain low down-payment mortgages on affordable housing options. Specifically, the new rules will: • Extend FHA certifications on condo developments from two years to three years, reducing the compliance burden on condo boards. …

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