How Will FHA Calculate ADU Rent Income in a Loan?

To promote affordable housing, HUD says rental income from an accessory dwelling unit will be considered for FHA loans. It outlined the policy details yesterday.

Mortgage Rates Jump Back Near Long-Term Highs

Last week was mostly good for mortgage rates, even if the goodness was made possible in large part by the badness of the previous week.  By Friday, rates were 0.15% lower than the previous Friday, on average.   As the new week begins, virtually all of that progress has been erased.&nb

Rates Reacting to War and The Fed, But Maybe Not For Long

After hitting the highest levels in decades last week, mortgage rates dropped sharply at the beginning of this week. At first glance, this was a classic flight to safety following the outbreak of the Israel-Hamas Conflict, but at the same time, markets were possibly just as interested in a change in

Mortgage Rates Jump Back Up After Inflation Report and Treasury Auction

Mortgage rates have enjoyed 2 days of uncommonly big gains.  Granted, they come at the expense of horrific events and an exceptionally high starting point, but such is the nature of the underlying bond market. In other words, we're historically more likely to see strong surges toward lower rate