Housing Wire

MARCH 24, 2023

The GSEs’ real estate-owned (REO) inventory increased 7% from 10,251 in Q3 to 10,997 in Q4 due to REO acquisitions outpacing property dispositions. Mortgage rates fell in December: the average interest rate on a 30-year fixed rate mortgage decreased to 6.36% from a November level of 6.81%.”

Fixed-rate mortgage 459

Fixed-rate mortgage VA loan FHA loan Loans 459

Housing Wire

JUNE 26, 2023

“[T]otal refinance volume increased in March 2023 as mortgage rates continued to decrease through February from the October peak of 6.90%,” the report said. Mortgage rates rose in March: the average interest rate on a 30-year fixed-rate mortgage increased to 6.54% from a February level of 6.26%.”

VA loan 370

VA loan FHA loan Fixed-rate mortgage Principal 370

The Close

DECEMBER 29, 2022

It’s kind of like a fixed-rate mortgage and an adjustable-rate mortgage had a baby. A convertible ARM is a mortgage with a much lower interest rate at the start of the loan, where the interest rate fluctuates during the life of the loan, usually every six months. Fixed-rate mortgage.

Purchase and sale agreement 98

Purchase and sale agreement Title Pre-approval Proof of funds 98