Mortgage Financing Archive

New Conforming Limit Improves Financing from Coast-to-Coast

For the first time since 2006, the conforming loan limit will rise in 2017. This change is important in today’s housing market as it allows the financing market to expand to meet the growing needs of strong consumer demand...

Lesson Learned: Few Risky Mortgage Products in the Market

Three years after the ability to repay (ATR) rule was implemented, the risky mortgage products that became common during the last boom and helped fuel the unsustainable run-up in prices are rare. That is one of the key takeaways...

How Recent Mortgage Rate Increases Affect Housing Affordability

Bond Yields and Mortgage Rates are Moving Up This week has been an eventful one for bond markets. Just before the election, ten-year yields began to increase from the 1.8 percent yield they had held somewhat consistently in the...

Price Growth Foreshadows Important Change for Mortgage Borrowers

In the wake of the financial crisis, the national conforming loan limit was frozen at its 2007 level of $417,000. After nearly a decade of waiting, Federal regulators may finally be ready to raise that limit as well as...

July 2016 Housing Affordability Index

At the national level, housing affordability is up from a year ago for the first time since February of 2015 when it improved 2.0 percent. Mortgage rates are 3.77 this July, which is the lowest rate since June 2013...