NAHB: Conventional Mortgages Are Trending Up

The National Association of Home Builders analyzed the latest Census estimates concerning sources of financing for new home sales, and conventional mortgages are the source of choice.

Another trend is a decrease in new home sales due to FHA-backed loans in the third quarter after a spike in the beginning of the year.

“The FHA share bumped up at the start of 2015 due to a reduction in FHA mortgage insurance premiums, reducing annual mortgage insurance premiums by 0.5 percentage points from 1.35 percent to 0.85 percent," the report by NAHB says.

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