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Existing-home sales rose 1.5% from August to September,

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Having a local expert by your side for one of life’s biggest financial decisions is important. That’s why Mortgage First Direct helps you partner with a local loan originator. An independent, licensed professional in your area who can shop on your behalf and give you access to more home loan options — VA loans, FHA, New Construction, No Doc, jumbo and more — than a bank or an online lender. In fact, working with a loan originator who works on behalf of a mortgage broker or lender has saved homebuyers, like you, closing cost and monthly mortgage payments to build security and confidence for years to come, and to build generation wealth for your family.

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Adjustable-Rate Mortgages

When fixed rates run high, borrowers may increasingly decide it’s a good time to get an ARM. Homebuyers who take out an ARM bet that average rates will be lower when the loan’s initial fixed period ends. Or, they plan to refinance or move before then.

If you understand how adjustable-rate mortgages work, they can be a money-saving hack for buying a home. However, that potential savings comes at the cost of a little more groundwork since it’s not a ‘set-it-and-forget-it’ option like fixed-rate mortgages (FRM), and fewer lenders offer ARM financing.

The transition of buy-now-pay-later (BNPL) lenders from helping out with minor purchases to being central to some consumers' finances reached a new point recently. "Now, lenders are offering the loans as a means for people to finance basic household needs," said The New York Times on Aug. 17.

Specifically, a few (so far) BNPL lenders are offering to help customers pay their mortgages, rent, and utilities. And that has some consumer advocates and debt counselors worried.

Available homes rose 4.6% from a year ago, and NAR's chief economist said sellers may need to offer price discounts or incent

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Fannie Mae Scraps 620 Minimum Credit Score. Will More Applicants Be Approved?

Minimum credit score requirements will no longer apply to loans submitted to DU. The Selling Guide has been updated to align with changes previously communicated in the DU Version 12.0 November Update Release Notes. Specifically, DU will no longer apply a minimum credit score but will rely on its own comprehensive analysis of risk factors to determine eligibility. In addition to these revisions, we have updated DU nontraditional credit documentation and homebuyer education requirements to no longer rely on credit scores. Instead, DU will issue a message when lenders must establish a nontraditional credit history and/or complete homebuyer education when no borrower has at least one credit account or installment account reported on their credit report. Effective: The minimum representative credit score requirement of 620 for loan casefiles for one borrower and minimum average median credit score requirement of 620 for more than one borrower will be removed for new loan casefiles created on or after Nov. 16, 2025. All other changes apply to loan casefiles submitted or resubmitted on or after the weekend of Nov. 15, 2025.

Can You Raise Your Credit Score by 100 Points Overnight?

Home sales are threatened by soaring mortgage rates. The 30-year fixed-rate mortgage more recently averaged 7.40%.

Single-Closing Construction-to-Permanent Loans

The expanded eligibility criteria for the extended age of credit documents used when converting a single-closing constructiontion-permanent loan to permanent financing. The Selling Guide updates include: