Both the number of new mortgage applications and the mortgage rates fell this week. According to Freddie Mac’s, this is the weekly survey report on lenders with information on rates for home loans. 30-year fixed-rate mortgages had a rate of 3.61% with an average 0.6 points for the week that ended on...

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An FHA loan is a loan that is insured by the Federal Housing Administration, FHA. If borrowers default on the loan then FHA acts as an insurer and protects the lenders from suffering losses. FHA loans have a strict credit score criteria to follow through. FHA loans are typically availed...

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