Tag Archives: 30 year fixed mortgage
Brexit drives mortgage refinancing boomlet
Lenders say they have seen an increase in refinance applications since the United Kingdom voted to exit the European Union. Continue reading
Lock your mortgage rate ASAP, lenders say
Lock your mortgage rate now because today’s rate plunge might not last long. That’s today’s advice from mortgage brokers and loan officers. Continue reading
For every 10 new households formed, 6 homes are built. How’s that working out?
More than a million dwellings needed to be built last year just to keep up with the new households that were created. Yet only 620,000 new housing units were completed, meaning that the nation fell short by 430,000 homes. And that’s just in 1 year. So … Continue reading
Sometimes the Fed zigs and mortgages zag
The Federal Reserve’s rate-setting actions don’t always affect mortgage rates the way you would expect. Continue reading
New mortgage docs are actually being read
More mortgage borrowers are reviewing their loan disclosures before they close on their homes, according to a survey conducted by the lobbying group for the title insurance industry. 2 new disclosures The survey implies that federal regulations that we… Continue reading
Ask your lender to compare FHA with PMI
Unless you have stellar credit, you’ll get a lower monthly house payment with an FHA loan than you will with private mortgage insurance with a tiny down payment. Continue reading
Fed: The king of mortgages
Now that the Fed hit the panic button, how low do you think mortgage rates will go? Continue reading
Big whoop from the BLS
We got relatively good news from the December employment report, released today by the Bureau of Labor Statistics. But it had little immediate effect on the mortgage market. That’s even better news.
The economy created 200,000 more jobs than it destroy… Continue reading
Feds prep strict mortgage definition
To get a mortgage with the lowest rate and fees, you’ll have to make a 20 percent down payment if you’re buying the house or have at least 25 percent equity if you’re refinancing. And forget getting a good mortgage deal if you’ve been two months late o… Continue reading
First glance at Fannie-Freddie reform
The Obama administration wants to make mortgages more expensive and harder to get. In exchange, taxpayers would be less likely to bail out mortgage companies or delinquent homeowners. That’s the essence of the Treasury Department’s memo to Congress tit… Continue reading