Articles from February 2016

Mortgage Rates End Week At Highs

Mortgage rates moved higher again today–this time at a slightly quicker pace–bringing averages up to the highest levels in at least a week. That said, the recent rate range has been fairly narrow in the bigger picture. In extreme cases, there is a quarter point gap between today’s rates and the lowest of the month […]

HUD Makes $40 Million Available for Housing Counseling Grants

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today announced it is making $ 40 million in grants available to support hundreds of housing counseling organizations across the country that assist families, including those buying their first home, struggling to locate affordable rental housing or seeking to avoid foreclosure…. HUD Press Releases

Mortgage Rates Slightly Lower After Rocky Start

Mortgage rates experienced some volatility today, but ended up in slightly stronger territory on average. At first, rates were higher, as underlying bond markets were quickly weakening in the morning hours (weakness in bond markets translates to higher interest rates). But bonds staged an impressive comeback with help from weak consumer confidence data and falling […]

HUD Takes Possession of Alexander County Housing Authority

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today announced that it is immediately taking possession of the Alexander County (IL) Housing Authority (ACHA). HUD is taking this action following a years-long pattern of financial and operational mismanagement, poor housing conditions, and alleged civil rights violations against the households the local housing […]

Mortgage Rates Steady Despite Market Volatility

Mortgage rates generally held their ground today. In fact, rates were lower than yesterday’s, on average, but quite a few lenders raised rates from their morning levels. This was in response to sharp mid-day market movements that saw stocks, oil prices, and bond yields all move higher. While there are notable historical exceptions, bond yields […]

Why Senior Housing Borrowers Might Secure FHA Loans Faster

The FHA is converting its Seattle office from handling multifamily to health care business, meaning more manpower devoted to programs such as the …… Google Alert – FHA Loans

HUD Announces 2016 Finalists in Student Affordable Housing Design and Planning Competition

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced today it has selected four student teams from universities across the country as the finalists in the Innovation in Affordable Housing Student Design and Planning Competition, a competition that seeks to encourage research and innovation in the areas of affordable housing design and […]

Mortgage Rates Slightly Lower to End Week

Mortgage rates improved slightly today, on average, despite modest weakness in underlying bond markets. We discussed this possibility yesterday in that lenders hadn’t fully adjusted rate sheets to reflect yesterday’s market improvements. This isn’t uncommon during episodes of increased market volatility and it a small way, it lowers the stakes for the following day (because […]

Mortgage Rates Sideways Again; Anxiety Builds

Mortgage rates maintained recent sideways momentum today, holding inside a narrow range established last week. This range is particularly interesting to mortgage rate watchers because it is very much in the middle of 2 distinct zones. One of those zone is the recently-achieved lows. Technically, these were the lowest levels in more than 2 years, […]

HUD Allocates More than $660 Million to Native American Communities to Support Affordable Housing

WASHINGTON – The U.S. Department of Housing and Urban Development today announced more than $ 660 million in grant allocations to 587 Native American tribes in 35 states. Indian Housing Block Grant (IHBG) allocations are distributed each year to eligible Indian tribes or their tribally designated housing entities for a range of affordable housing activities…. […]