The transaction includes about 123 loans and is expected to close by August
Refi activity also rose to 46.6% of total mortgage applications from 45.4%
From the mid-1990s until the mid-2000s, credit unions were a tiny fraction of the mortgage business, accounting for just 2 percent of the first-mortgage market, according to the Credit Union National Association, a trade group.
Can't afford to pay the down payment AND closing costs? Now is not the time to put the brakes on the home search! If you are pre-approved and on the home search, put the brakes on by deciding to save for closings.
Recent financial news headlines have been dominated by the recovery of the housing economy and the future of the mortgage markets.