Consumers can expect to pay more to get a mortgage next year, the result of changes meant to reduce the role that Fannie Mae and Freddie Mac play in the market.The Wall Street Journal26 mins ago
The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 5.5% in the group’s seasonally adjusted composite index following a rise ...24/7 Wall St.
The Reverse Mortgage Stabilization Act, which went into effect on Sept. 30, imposes limits on loan sizes and raised mortgage insurance premiumsCreditCards.com
John and Nancy James, both 70 years old, put an offer on a place last winter in Palm Desert, Calif. The idea was to play golf and relax in the sun when it was too cold at their main home in Bend, Ore. Soon after, a trip to Texas threw their classic retirement plan for a loop. Why not move to…The Wall Street Journal
Getting a mortgage can mean keeping track of a lot of moving parts. Here’s a look at five key things homebuyers often forget to ask mortgage lenders.Credit.com
The average 30-year fixed-rate mortgage rate slipped to 4.42% in the week ended today from 4.46% a week ago, which had been the highest reading since the week ending Sept. 19, according to Freddie Mac's (FMCC) latest Primary Mortgage Market Survey. The average 15-year fixed-rate mortgage rate…Barrons.com
The lower cap on FHA mortgages will hit city dwellers hardest.MarketWatch
The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 1% in the group’s seasonally adjusted composite index, following a drop ...24/7 Wall St.
Home buying costs can add up quickly, but you can reduce the amount of money you have to bring to the closing table.Credit.com
With Treasury yields creeping higher lately, mortgage rates rose in the latest week as well, with the average 30-year fixed-rate mortgage rate jumping to 4.46% - the highest reading since the week ending Sept. 19 - from 4.29% a week earlier, according to Freddie Mac's (FMCC) latest Primary Mortgage…Barrons.com
The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 12.8% in the group’s seasonally adjusted composite index. That followed ...24/7 Wall St.
If you're thinking about a refi on your mortgage, but don't know how to refinance without resetting the clock on your loan, we have some tips.Credit.com
Mortgages as we know them in the US are going away in the next four years, warns Dick Bove, vice president of research at Rafferty Capital. Mortgages as we know them are going away in the next four years, warns … Continue reading →Talking Numbers
Credit Suisse With the recent change in the Senate filibuster rules Mel Watt (D, N.C.) likely will be approved as the next director of the Federal Housing Finance Agency at a confirmation vote the week of Dec. 9. While we see Watt as being supportive to more borrower aid, he must demonstrate that…Barrons.com
Mortgage applications are down again for the fourth straight week. Is it a sign of things to come? Mortgage applications are down for the fourth straight week in a row. The Mortgage Bankers Association mortgage index, which tracks mortgage applications … Continue reading →Talking Numbers
With big changes coming to the mortgage industry, many consumers may need to change their game plan if they want to buy a home next year.Credit.com
Fewer American homeowners had underwater mortgages in the third quarter, according to Zillow's quarterly report on negative equity.Credit.com
No one can tell you when you’re ready to become a homeowner. But it’s probably fair to say a lot of first-time buyers wish otherwise.Credit.com