Category Archives: Mortgages
Shutdown may delay mortgage closings
Some homebuyers may have to reschedule their closings. Continue reading
FHA loans still available
Despite a plan to reduce staff by 96 percent, HUD says it will keep the lights on. Continue reading
New rules for reverse mortgages
Senior homeowners who want to cash out equity with a reverse mortgage will have to play by new rules when applying for a loan after the end of this month. Continue reading
Mortgage fraud tops $5 billion
The propensity to cheat on mortgage applications is expected to increase as the market improves. Continue reading
Home prices on a slow climb
Price increases are slowing, but fears of a housing bubble loom. Continue reading
Will rising home prices take a break?
Homes prices have been climbing modestly, but don’t celebrate just yet. Continue reading
Summer homebuyers rush in
Buyers were in a hurry to close deals while the getting was good. Continue reading
Fed gives borrowers lower rates
The Federal Reserve has given homebuyers and some refinancers a second chance. Continue reading
A wise borrower locks now
If you have been approved for a mortgage, and you plan to close within the next few weeks, and you haven’t locked a rate yet, you should lock. Preferably today. Continue reading
Homebuyers singing the blues
Interest rates, home prices and low inventory are hampering buyers. Continue reading