government-backed loans

Mortgage demand for new homes rose 3.1% year over year in November but fell 7% month over month. New single-family home sales were estimated at a seasonally adjusted annual rate of 755,000 units, down 2.1% from October. Average loan size decreased slightly. FHA loans accounted for 37.1% of applications, with 24% using adjustable-rate mortgages, reflecting buyers' efforts to improve affordability...