Page 3 - Conventional Loans News Today : Breaking News, Live Updates & Top Stories | Vimarsana

National MI turned heads yesterday by announcing its temporary increase to AUS conforming loan amounts, despite the official FHFA word not coming until the end of November. (More below on the amounts.) Our biz is filled with “numbers people,” good or bad. According to Curinos, September 2023 funded mortgage volume decreased 30 percent YoY and 14 percent MoM. The average 30-year conforming retail funded rate in September was 7.01 percent, 18bps higher than August and 146bps higher than the same month last year. (Curinos sources a statistically significant data set directly from le...

Demand for mortgage applications fell 6% last week, to its lowest point since 1995, according to the Mortgage Bankers Association (MBA) survey for the week ending Sept. 29.

Loan originators can no longer rely on move-up buyers. As mortgage rates approach 8%, they are pivoting to first-time homebuyers with FHA, VA loans and down payment assistance programs.

Mortgage rates ticked up this week as investors braced for ‘higher-for-longer’ conditions following last week’s Fed meeting.

Are you a real estate investor looking to acquire a DSCR investment property loan?