Mortgage

Mortgage rates top 7%, highest since 2002

The interest rate hikes by the Federal Reserve intended to quell inflation are affecting mortgage rates, causing them to rise and leading to more homebuyers being sidelined.

FHFA to change credit score model for new mortgages

The Federal Housing Finance Agency (FHFA) announced Monday at the Mortgage Bankers Association’s annual conference that it will begin the implementation process for two new credit scoring models for mortgages. This marks the first update to credit scoring models in 20 years and makes homeownership more accessible.

FHFA to eliminate G-fees for some homebuyers

At the Mortgage Bankers Association’s (MBA) conference on Monday, the Federal Housing Finance Agency (FHFA) announced the elimination of added mortgage fees for some borrowers. Here's what that means for you.