Recent News

Mortgage Rates : Wall Street Readies For QE3 Stimulus, Spain Bailout

Certain mortgage rates have fallen by half since the Fed first launched its QE program. Speculation for QE3 is driving rates down again.

No Surprise : Foreclosures Rising Post-$25 Billion Servicer Settlement

Foreclosures sold at an average 18% discount as compared to non-distressed homes last month.

Mortgage Rates : Falling After June’s CPI On New Fed Expectations

Inflationary pressures are in check, a potentially good sign for today's mortgage rate shoppers. CPI was 1.8% in June.

Mortgage Rates : 30-Year Fixed Rate Falls To 3.53% In Latest Survey

Mortgage rates drop again. The average 30-year fixed rate mortgage is now down to 3.53% for borrowers willing to pay 0.7 discount points.

Low Mortgage Rates, Federal Stimulus Primed Housing For Recovery

If you want hear about the housing recovery, just talk to an active homebuyer. It's more than low mortgage rates that fuel today's rebound.

A Helpful Chart : How Inflation Changes Mortgage Rates

Inflation is a self-reinforcing cycle. The longer it lasts, the more insidious its effects, and rising mortgage rates are an unfortunate consequence.

Mortgage Rates Easing On Retail Sales Data; A Look Ahead To The Week

Mortgage rates are rock-bottom and the economic calendar is stuffed this week. Rates may drop some more, or they may not. Here's what to do.

New Mortgage Defaults Decrease Amid Rising Home Values

Rising home values give homeowners incentive to stay current on their home loans.

The Housing Recovery : Rising Prices, Falling Supplies, Multiple Offers

There's a lot of data that suggests housing is in recovery. Sometimes, though, it's the stories you hear from buyers that convince you best.

Mortgage Rates : 30-Year Fixed Rate Hits 3.56% In Latest Weekly Survey

Mortgage rates know no bottom. The average 30-year fixed rate mortgage is down to 3.56% for borrowers willing to pay 0.7 discount points.

Mortgage Rates Rising As Federal Reserve Puts QE3 On The Table

The Federal Reserve is taking a more earnest look at QE3 than previously thought, June's Fed Minutes reveals. Mortgage rates are now rising.

Mortgage Rates : Low Mortgage Rates Pump 11% Gain In Purchasing Power

Because of falling rates, your mortgage dollar goes much farther than it used to. For the same payment, you can buy 11% more home this year.

Mortgage Rates Drop To Ridiculous Levels; Payment Savings Pile Up

As mortgage rates drop to unheard-of levels, the savings are piling up for home buyers and refinancing households. The numbers are something to behold.

With 42% More Purchasing Power, U.S. Home Buyers Dig In

Today's housing market is the result of rising demand from home buyers and shrinking supply from home sellers. At least mortgage rates remain cheap.

Some Foreclosed Homeowners To Receive $125,000 From Mortgage Lenders

Were you wrongly foreclosed upon? As part of a settlement between banks and the government, you may have a settlement coming your way.

Mortgage Rates Respond To EU Summit, Change Quickly

After Freddie Mac put mortgage rates at 3.66%, news from Europe changed that. Mortgage rates worsened Thursday and Friday.

FHA Changes Its “$1,000 Collections” Rule; Helps 1-In-3 FHA Borrowers

Starting July 1, 2012, the FHA is scrapping its $1,000 Collection policy. See how it affects your mortgage rates.

Mortgage Rate Outlook : Conforming, FHA Mortgage Rates To Ease

In general, what's bad for the world's economy will be good for U.S. mortgage rates.

Mortgage Rates Idle Last Week; Poised To Rise This Week

The Greek elections and FOMC announcement did little to change mortgage rates last week. New data on home sales are expected this week.

Credit Score Tips For Mortgage Shoppers

For 20 years, FICO scoring policies have favored mortgage rate shoppers. Very few people know it, however.