Author Archives: admin

FHA Changes

FHA published its Home Equity Conversion Mortgage (HECM) proposed rule, Strengthening the Home Equity Conversion Mortgage Program in the Federal Register.

Mortgage Rates

Mortgage rates moved modestly lower yesterday. Given that rates had spiked last Wednesday, it was enough to get rates to the best levels seen since last Tuesday.

Bond Markets

As bond yields began rising last week, June was likely target for the next hike, but seems like it has shifted toward July.

Home Sales Rising

The Census Bureau and the Department of Housing and Urban Development said today that sales were at a seasonally adjusted annual rate of 619,000, an increase of 16.6 percent from the previous month and 23.8 percent higher than in April 2015.