Industry News

Big Changes Coming for Loan Limits in 2022! A couple of big announcements this week from the Federal Housing Finance Agency (FHFA) and the Federal Housing Authority (FSA) that could help more families purchase homes in 2022.

Event Comes as Local Businesses Donate Materials, Labor to Help Rebuild Paradise

Academy Mortgage is hosting the Paradise Rising Festival on June 17, 2021.

The Utah-based mortgage company will be assisting with rebuilding efforts following the devastating Camp Fire.

By partnering with Homebot, Academy Mortgage Corporation Loan Officers can now provide clients and prospects with personalized home finance insights.

For the first time in more than two decades, the Uniform Residential Loan Application (URLA) form underwent a significant change.

Housing market continues to exceed expectations; sales of new homes in July surpass 13-year high; pending home sales increase for third straight month; new refi fee delayed until Dec. 1

Existing-home sales post a second month of record gains; rates are still near historic lows; purchase housing demand continues to accelerate

New listings increased for the first times since the start of the pandemic; homebuyer demand remains strong, with rates still at historic lows

Mortgage rates drop to new lows; mortgage applications are 22% higher than a year ago

Average mortgage rate dips to just below 3%; pending home sales increased 17% in June; homeownership rate soars to highest since 2008

Low mortgage rates and pent-up demand drive sales of new houses to the highest level since 2007; mortgage applications increase by 4.1%

Mortgage rates fall below 3% for the first time in 50 years; new home construction jumps 17.3% in June

Once again, mortgage rates fall to an all-time low and continue to spur demand for houses.

Freddie Mac reports that mortgage rates have again fallen to a new all-time low. The NAR recently identified the top ten metro areas with the best conditions for millennial homebuyers.

Mortgage rates are remaining low, and purchase demand has rebounded quickly. The promise from Federal Reserve to maintain low rates through 2022 provides further impetus to the market.

Mortgage rates drop to another all-time low. Purchase applications reach highest level in over 11 years due to pent-up demand and an improvement in consumer confidence. Refinances are also up.

Chief Operations Officer Kristi Pickering made a guest appearance on Good Things Utah (ABC4 Utah), where she talked about the impact of Academy Mortgage’s “Caring Is Sharing” Cookie Campaign.

What makes you tick? Sometimes it takes looking at the data to realize how similar we are, or how different.

It’s easy to think we’re all alone when the time comes to take the steps toward homeownership. But the reality is just like the famous John Donne quote: no man is an island! Don’t let ignorance of all your available resources keep you from your dreams. You have options.