Loan officers are seeing an uptick in FHA, VA demand
Loan officers are seeing increase demand for government mortgages, and if rates go lower, there could be a wave of refinances to follow.
FHA loan
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Mortgage applications for new homes are 9% higher than a year ago
MBA builder application survey data for December highlighted 9% year-over-year growth in loan applications for new homes.
Conforming mortgage share hit record low in December
At the tail end of 2024, mortgage borrowers shifted their attention away from conforming mortgages and toward refinance opportunities. A report released Tuesday by Optimal Blue found that the conforming loan share sank to historic lows in December.
Mortgage groups push FHA for loss mitigation extension
In November, the FHA proposed updates to its permanent loss-mitigation options based on lessons from the COVID-19 temporary policies.
FHA loan limit increases to $524,225 in 2025
The FHA limits increased for 2025, but at a slightly lower level than observed one year ago owing to the pace of home price appreciation.