HUD Announces 2025 Loan Limits

The Federal Housing Administration on Tuesday announced new loan limits for calendar year 2025 for its Single-Family Title II forward and Home Equity Conversion Mortgage insurance programs.

MBA: May New Home Purchase Mortgage Applications Increased 13.8%

The Mortgage Bankers Association Builder Application Survey data for May 2024 shows mortgage applications for new home purchases increased 13.8% compared to a year ago. Compared to April 2024, applications increased by 1%.