30-Year Mortgage Rate Dips to 6.46%; Home Sales Rise
Home buyers this week saw the lowest average rate since early 2023, and existing-home sales rebounded in July. Analysts predict more relief ahead.
Posted inConsumer Financial Protection Bureau Consumer Protection Mortgages Real Estate and Housing (Residential) Regulation and Deregulation of Industry Subprime Mortgage Crisis
Consumer Protection Agency Cracks Down on Seller-Backed Home Sales
Risky contract-to-deed home sales are subject to the same protections as mortgaged-financed homes, the consumer protection agency said.
Posted inCredit and Debt Federal Home Loan Mortgage Corp (Freddie Mac) Government Bonds Interest Rates Mortgages Real Estate and Housing (Residential) United States Economy
30-Year Home Mortgage Rate Falls to 6.47%
The key mortgage rate had its biggest one-week decline of the year, falling to the lowest level in 15 months.
Posted inConsumer Protection Content Type: Service Mortgages National Consumer Law Center Personal Finances Pew Charitable Trusts Real Estate and Housing (Residential) Suits and Litigation (Civil)
A Mortgage Alternative for Lower-Priced Homes Comes With Risks
Seller-financed loans known as “land contracts” don’t involve a bank and lack the consumer protections available with traditional home loans.