FHA to Help More Owners/Buyers Fix Up Homes
A FHA 203(k) loan allows borrowers to roll upgrade costs into their first mortgage. HUD says loan-change proposals will help “millions of homebuyers and homeowners.”
Long-Term Mortgage Rates Fall to 7.22%
It’s the lowest rate for a 30-year, fixed-rate mortgage since Sept. Freddie Mac calls it an “encouraging development” for buyers as the market sentiment shifts.
Inflation: Fed’s Preferred Gauge Finds Improvement
Personal Consumption Expenditures – a closely watched measure of inflation – showed signs that price increases are slowing, making a Fed rate hike less likely.
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