Mortgage Rates, Terms and Financing

Median Price of New Homes Sold by Financing

The median price of new homes sold by type of financing each year from 1982-2011. Types of financing listed include FHA, VA, conventional, FmHA and cash. Quarterly data from 2009-2011 are also included.

1982-2011 Data

Poll

Are current mortgage underwriting standards too tough?

Yes, they don’t reflect current market conditions and need to be adjusted to allow borrowers with below 700 FICO scores and smaller downpayments to qualify for mortgages.
Yes, and something needs to be done to significantly reduce repurchase or buyback risk so that lenders don’t apply even tougher underwriting overlays.
No, the standards are appropriate given current risks and the major default problems the mortgage market has experienced over the past several years.

vote to see results
Housing Pulse