The 30-year fixed VA loan rate is 6.94% today, according to Optimal Blue data, slightly higher than Friday. The index averages locked rates from the prior weekday across about a third of U.S. mortgage providers. VA loans, backed by the Department of Veterans Affairs, require no down payment, typically carry lower interest rates than conventional loans, and avoid private mortgage insurance when the down payment is under 20%. The article highlights Veterans United for customer service and free credit counseling, Navy Federal for consistently low VA rates and a $250 fee that can lower a mortgage rate without refinancing, and Rocket Mortgage for its online application process and app.
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Homebuilder confidence has fallen to its lowest level since 2012, according to the latest NAHB and Wells Fargo Housing Market Index. Rising mortgage rates and higher energy and materials costs have pushed builder sentiment to a 14-year low, keeping more buyers on the sidelines, according to NAHB Chief Economist Robert Dietz. The headline index rose one point to 38 in March, a slight improvement but still well below the breakeven level of 50. Builders continue to face affordability concerns and elevated land, labor and construction costs, along with global events and energy prices, though efforts to reduce regulatory burdens could help long-term housing supply.
- Homebuilder Sentiment Drops To Lowest Level Since 2012 | NewsRadio 1450 / 1370 WKIP
Homebuilder confidence has fallen to its lowest level since 2012, according to the latest NAHB and Wells Fargo Housing Market Index. Rising mortgage rates and higher energy and materials costs have pushed builder sentiment to a 14-year low, keeping more buyers on the sidelines, according to NAHB Chief Economist Robert Dietz. The headline index rose one point to 38 in March, a slight improvement but still well below the breakeven level of 50. Builders continue to face affordability concerns and elevated land, labor and construction costs, along with global events and energy prices, though efforts to reduce regulatory burdens could help long-term housing supply.
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