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.
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.
Avoiding Common Mortgage Scams
Despite tougher mortgage guidelines and better loan disclosures for consumers, mortgage fraud is on the rise.
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 May Be Low, But They’re Tough To Pin Down — Especially This Week
Mortgage rates would have been volatile this week. The presence of Labor Day just piles on. If you have a chance to lock something favorable and within your budget, consider doing it.
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.
Looking At The 2010 Predictions For Housing Markets And Mortgage Rates
There's a lot of talk on CNBC and elsewhere about what's coming in 2010. Before you take those predictions to the bank, just remember that analysts do a much better job interpreting data from the past than projecting it into the future.
The Last Decade in Seven Minutes
The end of 2009 is also the end of the [...]