Mortgage rates are back above 4% for the first time in a year, but the rate rise probably isn’t going to be enough to take the wind out of the sails of the housing market rebound. The Mortgage Bankers Association reported on Wednesday that rates jumped to 4.07% last week for the 30-year fixed-rate loan,
FHA TAKES ADDITIONAL STEPS TO BOLSTER CAPITAL RESERVES
Continuing effort to help strengthen FHA’s Mutual Mortgage Insurance Fund WASHINGTON – As part of a broad effort to strengthen the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance Fund (MMI Fund), FHA Commissioner Carol Galante announced a series of changes to be issued that will allow the agency to better manage risk and further strengthen