Mortgage rates fall again, but are borrowers stretching budgets too far?
With 30-year conforming rates at 6.86% this week, applications rose 3.6%, but stress is visible in FHA and VA portfolios
With 30-year conforming rates at 6.86% this week, applications rose 3.6%, but stress is visible in FHA and VA portfolios
BELLINGS Intelligence Score: 30
Why it matters
Falling mortgage rates and rising applications are notable for credit-market professionals, especially given stress signs in FHA and VA portfolios, but this is routine market activity without immediate systemic or regulatory impact.