Mortgage Rates Return To April 2010 Levels
As of this morning, mortgage rates are higher over 9 consecutive days, marking the longest mortgage rate losing streak in the last 6 years, at least.
Housing And Mortgage Predictions For 2011
With 2010 coming to a close, the "experts" are out in full force, making predictions for next year's housing and mortgage markets on business television and in the papers.
See How Credit Missteps Lower Your Credit Score
The company behind the popular FICO scoring model has published a "What If?" series for common, specific credit missteps.
Time To Refinance? Mortgage Rates Down 1.00 Percent Since April.
The rate-and-fee combination you'd get in your home state is different from the rate-and-fee combination you'd get if you lived somewhere else. In the West, rates are low and fees are high; in the Southeast, it's the opposite.
Better Credit Scores Get Better Mortgage Rates
Mortgage approvals are primarily based on good income, good equity and strong credit, and, without all three, the best rates of the day remain out of reach. Do something about your credit score.
Bank Mortgage Lending Policies Appear To be Easing
According to the Federal Reserve's quarterly survey of senior bank loan officers, roughly 1 in 10 lenders added mortgage qualification hurdles between April and June. It's a huge departure from just 2 years ago when the mortgage industry was facing its first wave of challenges.
Mortgage Rates Make New Lows For The 9th Week In A Row
Mortgage rates are (again) at their lowest levels in history.
Higher (And Lower) FHA Mortgage Insurance Premiums Start October 4, 2010
Beginning with FHA case numbers issued on or after October 4, 2010, the FHA is changing its upfront and annual mortgage insurance premium structures.
Conforming Loan Costs Are Rising, Says Freddie Mac
Mortgage rates may be dropping, but mortgage costs are not. According to Freddie Mac, the average required discount points on a conforming mortgage rate are higher by 0.1 percent since early-May.
Loan Application Alert : Conforming, Interest Only Mortgages Guidelines Change Next Week
If you plan to finance your home with a conforming interest only mortgage, get your loan application submitted no later than this Friday, June 18. Starting next week, Fannie Mae is clamping down on the popular loan product.
FHA Mortgage Insurance Premiums Approved To Triple In Cost
In a near-unanimous vote, the House of Representatives gave the FHA power to raise the monthly mortgage insurance premiums it charges to its borrowers.
Your Mortgage Approval Isn’t Final Until It’s Funded
A mortgage approval is never final until it's funded. A host of things can "go wrong" while your home loan is underway. Some are in your control, many more are not. And just being aware of some potential pitfalls could help save your loan down the road, and your peace of mind today.