It’s Here: Mortgage Rule Opens Door to Thousands of Condos Buyers found a condo they loved only to find that it doesn’t qualify for a federally backed mortgage? Try again tomorrow. New rules that open more condos and complexes to FHA loans go into effect on Oct. 15 – a break in condo-heavy Fla.
The Fed’s anticipated interest-rate cut and other events, such as the U.S.-China trade war, helped push mortgage rates lower last week. WASHINGTON (AP) – U.S. long-term mortgage rates fell this week, edging toward three-year lows amid signals from Federal Reserve officials that they could cut their benchmark interest rate at their meeting next week.