Recent News

Mortgage Rates : Moving Lower On Soft Employment, Housing Data

30-year fixed rate mortgage rates are averaging 3.66% nationwide for borrowers willing to pay 0.7 discount points.

FHA Refinance Applications Double After Mortgage Insurance Premiums Drop

FHA refinance applications doubled last week after the FHA lowered mortgage insurance premiums for some of its borrowers.

Mortgage Rates : Subject To Operation Twist

Mortgage markets are calm ahead of the June Federal Reserve meeting. Mortgage rates will be different this afternoon.

Adjustable-Rate Mortgage Rates : Down 53% During The Refinance Boom

During the current Refinance Boom, adjustable-rate mortgages have proven to be a tremendous value to ARM-holding homeowners.

Mortgage Rates Steady Ahead Of Fed Meeting

Mortgage rates take a breather ahead of the FOMC's fourth scheduled meeting of the year. Rates could get volatile soon, however.

Mortgage Rate Outlook : Lower Mortgage Rates Ahead

This weekend's elections in Greece are having little or no effect on U.S. markets. Mortgage rates are steady.

Harvard Study : 2012 Marks The Start Of “True Housing Market Recovery”

Harvard University's Joint Center for Housing Studies says all signs point to a "true" housing recovery, beginning this year.

Mortgage Rates : Greek Elections Keep Rates In Limbo

Mortgage rates increased this week. Greek elections hold the future of mortgage rates in limbo.

Homeowners Using Cash-In Mortgage To Build Equity, Save Money

Cash-in mortgages remain popular among homeowners -- despite HARP.

Mortgage Rates Rise To 3.71%; 6-Week Winning Streak Ends

Freddie Mac reports the average 30-year fixed rate mortgage rate rose to 3.71% this week, up from 3.67% last week.

Mortgage Rates Controlled By Mortgage Bonds

Mortgage rates change in seemingly tiny margins. The changes stem from the mortgage-backed bond market.

MBA : Sinking Mortgage Rates Boost Mortgage Applications

Mortgage activity is at its highest levels in more than 3 years. Ultra-low mortgage rates are a catalyst.

Mortgage Rates Fall For 6th Straight Week: How Low Can They Go?

According to Freddie Mac, mortgage rates have fallen for the sixth consecutive week, with the 30-year fixed mortgage at an all-time low.

HARP, FHA Streamline Refinance Support “Underwater” Households

Falling home prices have lowered homeowner wealth nationwide. HARP and the FHA Streamline Refinance program are helping families save money.

Mortgage Rates Down 4 Years Running; Longest Refinance Boom Ever?

Mortgage rates have dropped for 4 straight years, pushing mortgage payments to levels previously believed to be insane.

HARP Refinance Program Boosting U.S. Economy

HARP refinances are saving households money, and boosting consumer spending.

30-Year Fixed Rate Mortgage Rate Plunges To 3.67%

Freddie Mac reports the 30-year fixed rate mortgage rate at an all-time low of 3.67% this week, down from last week's 3.75%.

Home Purchases : 85% Financed With A 30-Year Fixed Rate Mortgage

The Mortgage Bankers Association reports no bad news for last week as mortgage rates decreased to historic lows.

Has The HARP Refinance Program Killed The Cash-In Mortgage?

The rise of the HARP refinance program coincides with a drop in cash-in mortgages. That's no coincidence.

FHA Mortgage Insurance Premiums Rising For Fifth Time In 4 Years

June 11, the FHA changes its mortgage insurance premiums for the 5th time in four years. It's created a class of "gets" and "gets not".