The FHA monthly purchase originations grew to 83,005 nationally in July 2008. This is an increase of over 10,000 from the June 2008 total of 72,613. Take a look at the accompanying chart to see the month-by-month trend over the last year.
The economic stimulus package continues to have an impact on FHA loans. Can we expect a similar increase in August? Check our blog again for the results.