Will Mortgage Rates Keep Rising? Probably Not
The 30-year mortgage rate moved closer to the 7% range, but most experts still predict wobbling rates in the upper-6% range.
Read More6 Fed Agencies Plan Automated Appraisal Changes
Home inspectors’ automated valuation models (AVMs) need quality-control to keep historic discrimination out, the agencies say. They’re currently accepting comments.
Read MoreMortgage Rates Hit 6.79% – Highest Since Nov.
Growing fears of another Fed interest rate hike and debt-ceiling talks pushed the average 30-year, fixed-rate loan closer to 7%. Last week it was 6.57%.
Read MoreFHA Proposes New Way to Prevent Foreclosures
FHA’s foreclosure-prevention options don’t work as well thanks to higher interest rates, so it’s taking comments about a proposed “Payment Supplement Partial Claim.”
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