FHA or conventional? After LLPA tweaks, the calculus changes for some

The Federal Housing Finance Agency (FHFA) officially implemented an updated pricing framework for Loan-Level Price Adjustments (LLPAs) in May to improve homeownership prospects for first-time homebuyers with lower income and weaker credit scores. It’s a simple goal, but as is often the case in U.S. … Continue readingFHA or conventional? After LLPA tweaks, the calculus changes for some

FHA or conventional? After LLPA tweaks, the calculus changes for some

The Federal Housing Finance Agency (FHFA) officially implemented an updated pricing framework for Loan-Level Price Adjustments (LLPAs) in May to improve homeownership prospects for first-time homebuyers with lower income and weaker credit scores. It’s a simple goal, but as is often the case in U.S. … Continue readingFHA or conventional? After LLPA tweaks, the calculus changes for some

Mortgage rates trend down amid lower monetary, fiscal pressures 

Mortgage rates jumped last week amid a debt ceiling impasse and expectations of another federal funds rate hike. However, rates have started to reverse course over the last few days, following news of a debt agreement and signals that the Federal Reserve may pause hikes.  On … Continue readingMortgage rates trend down amid lower monetary, fiscal pressures 

Mortgage rates trend down amid lower monetary, fiscal pressures 

Mortgage rates jumped last week amid a debt ceiling impasse and expectations of another federal funds rate hike. However, rates have started to reverse course over the last few days, following news of a debt agreement and signals that the Federal Reserve may pause hikes.  On … Continue readingMortgage rates trend down amid lower monetary, fiscal pressures