Recent News

Mortgage Rates : Fed’s QE3 Overpowering Data, Plus Weekly Outlook

Mortgage rates moved to an all-time low last week as the QE3 program's positive effects on mortgage rates trumped newly-released "negative" data.

Mortgage Rates Reach Record Low; HARP Applications Spike

Mortgage rates improved Thursday for conforming mortgages, FHA mortgages, VA mortgages and USDA loans. Momentum may sink rates more for Friday.

Mortgage Rates : Lower Wednesday; Subject To Change Thursday

Mortgage-backed bonds gained +9/32 Wednesday as the FNMA 30-year 3.o coupon closed at 104.13. Mortgage rates improved for conforming mortgages, FHA mortgages, VA mortgages and USDA loans.

Mortgage Rates : QE3 Momentum Slows After Just 48 Hours

Mortgage rates rose Monday despite the Federal Reserve's rate-suppressing QE3 program. New data for release Tuesday may lead rates higher.

HARP 2.0 : No Income Needed With “Money In The Bank”

The HARP refinance program just took a major overhaul. Income verification is no longer needed, effective immediately. Get today's HARP mortgage rates.

Mortgage Rates : QE3 Benefits Sliced By New Mortgage “G-Fees”

QE3 is helping to lower mortgage rates, but its effects may not last for long. New g-fees are raising rates nationwide.

FHA 203k Mortgage : A Construction Loan From The FHA

In 2011, more than $115 billion was spent on home upgrades nationwide. Construction loans via the FHA's 203k program remain popular.

Mortgage Rates : Has Wall Street Changed Its QE3 Expectation?

Mortgage rates worsened Wednesday despite anticipation for a third round of quantitative easing (QE3).

Improve Your Mortgage Approval : The Income-Equity-Credit Triangle

Mortgage underwriting may be strict, but there's no magic formula for getting approved. Satisfy the Mortgage Income-Equity-Credit Triangle.

Mortgage Rates : Strong Demand for 3-Year Treasury Ahead of FOMC

On the day that the FOMC begins a 2-day meeting to discuss QE3, Germany may rule that the European Stability Mechanism is against its own constitution.

FHA Waives Its 3-Year Foreclosure Waiting Period

The FHA may change its treatment of foreclosures, short sales and bankruptcies in a buyer's credit history, adding to the pool of home buyers nationwide.

Banks Reduce HARP Closings For Loans Over 125% LTV By Half

Mortgage lenders did half as many high-LTV HARP refinances in July as compared to June. Overall refinance volume climbed 1.2% during the same period.

Mortgage Rates: Jobs Report Falls Short, QE3 Expectations Build

The weak jobs report has Wall Street betting on QE3 stimulus from the Federal Reserve this week. Because of g-fees, though, mortgage rates may rise anyway.

Mortgage Rates : Jumping On ECB Bond Buy, G-Fees. Jobs Data Looms.

Mortgage rates rocketed higher Thursday, as pricing worsened by 50 basis points. The ECB "went big" on bonds as new g-fees compounded its effect on rates.

Mortgage Rates Drop To 3.55% Just Ahead Of New, Mandatory G-Fees

Mortgage rates fell for the second straight week but new "g-fees" point to higher rates ahead. The window to refinance may be closing quickly.

Mortgage Rates : Losing Ground Ahead Of Eurozone Meeting

Refinance applications fell this week and mortgage rates lost ground Wednesday ahead of the European Central Meeting scheduled for Thursday.

HARP Statistics : Daily HARP Refinance Demand Since HARP 2.0 Launch

Since the launch of HARP 2.0, demand for the "underwater mortgage" program has surged. This day-to-day snapshot shows HARP demand remains strong.

FHA 203k Eligibility May Soon Expand To Real Estate Investors

HUD is expected to make its FHA 203k construction loan available to real estate investors soon.

Rankings : Bethesda, Maryland Tops List Of “Top-Earning Cities”

CNNMoney's list of top-earning cities ranks Bethesda, Maryland first. Where does your home town rank?

Mortgage Rates Dropping : QE3 May Launch Sooner Than Expected

Mortgage rates dropped last week for the first time in a month. Rate shoppers who missed those 3.49% 30-year fixed rate mortgage rates may get their fabled second chance soon. Will they be ready for it, though?