Fence-Sitting Homebuyers Face FHA Fee Hike Deadline by Jann Swanson. Both applications for FHA-guaranteed mortgages and FHA endorsements were lower in January than in the previous month or in January 2010. Reduced loan demand was reflected across all...
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Fence-Sitting Homebuyers Face FHA Fee Hike Deadline by Jann Swanson. Both applications for FHA-guaranteed mortgages and FHA endorsements were lower in January than in the previous month or in January 2010. Reduced loan demand was reflected across all subsets, purchases, refinances and mortgages for first-time buyers.
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Applications for FHA mortgages totaled 103,991 in January compared to 112,500 in December and 126,043 a year earlier. The year-over-year figure reflects a drop of 17.5 percent. There were 55,417 applications for mortgages to purchase homes and 41,178 to refinance. This was a 3.4 percent decrease in purchase applications since December and a 21.6 percent change from January 2010.
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