Tag Archive for ‘loan terms’

Rates Rise Again on Loans for New Homes

In July, interest rates on conventional mortgages used to purchase newly built homes increased for the second month in a row, according to data released yesterday by the Federal Housing Finance Agency (FHFA).  The new FHFA data show the average contract interest rate on conventional loans for newly built homes increasing by nearly 4 tenths of a percent, to 3.94… Read More ›

New Home Mortgages: Rates Up, Size Down Slightly

In June, interest rates on conventional mortgages used to purchase newly built homes increased slightly while the size of the loans declined, according to data released today by the Federal Housing Finance Agency (FHFA).  The new FHFA data show that the average contract interest rate on conventional loans for newly built homes increased 11 basis points to 3.52 percent, back… Read More ›

Rates on New Home Loans Increase Slightly

Interest rates on loans for new homes increased slightly in March, according to data recently released by the Federal Housing Finance Agency (FHFA).  The average contract rate on conventional loans for newly built homes increased 13 basis points, to 3.50 percent.  Although initial fees and charges on the loans declined from 1.17 to 1.08 percent, that still resulted in an… Read More ›