• Mortgage News You Can Use!

    Below is a list of current, up-to-date information on news in the Mortgage industry. Click the links below to read the full stories.

    • RSS Mortgage Daily – Consumer Mortgage News Headlines

      • ARMs Making Comeback as Mortgage Rates Rise August 30, 2018
        As the Federal Reserve embarked last year on what economists have predicted will be an ongoing program of interest rate hikes, Connecticut banks have since increased mortgages with adjustable rates -- a major contributor to the Great Recession of 2009 when homeowners borrowed at lower, initial rates, then could not keep up with ballooning payments […]
      • Many Caveats for Reverse Mortgages August 21, 2018
        Tom Selleck never explains the fine print.And that's a problem, some critics say.In a commercial hawking reverse mortgages, the television actor doesn't tell people how they could get into trouble with the product, a special kind of loan that allows borrowers aged 62 and older to convert a portion of their home's equity into cash.While […]
      • Understanding How Mortgage Interest Rates Work August 3, 2018
        Question: What do home mortgage loans (including second mortgage loans), retail installment loans, automobile loans, home improvement loans, and mobile home loans, have in common -- aside from being loans to consumers?Answer: The interest charge sometimes is calculated monthly and sometimes daily. With a monthly interest rate the borrower is charged for each month, whereas […]
      • Early Mortgage Payoff Benefits Depend on Variables August 2, 2018
        Question: I will soon make our final mortgage payment. My wife will retire in two years and I will work to age 67. We are both 60 today. Because I don't get a pension I really have been looking forward to this final payment. We bought the house 25 years ago, but I shortened the […]
      • Mortgage Borrowers Should Know Their Rates July 20, 2018
        Not knowing your mortgage rate can be an expensive mistake, especially in this rising interest rate market. Yet nearly three-in-10 mortgage borrowers (29 percent) either didn't know their mortgage rate or wouldn't say, according to a survey by Bankrate.This is a big problem, says Martin Choy, operations manager at Westwood Mortgage in Seattle.
    • RSS Mortgage Rates Newsletter – Market Analysis

      • Mortgage Rates Fight to Remain at Week's Best Levels July 20, 2019
        Mortgage rates Moved just slightly lower today, despite some push back from underlying bond markets. Typically, weakness in the bond market (like the kind we saw today) corresponds to rising rates--even if only a modest amount. The compensating factor today was the timing of yesterday's bond market gains. Simply put, there is a bit of […]
      • Mortgage Rates Lowest This Week Despite Stronger Economic Data July 18, 2019
        Economic data and mortgage rate movement go hand in hand. A stronger economy puts upward pressure on rates. A contracting economy helps rates move lower. While this is far from the only source of inspiration, it's indirectly linked to other major sources of inspiration (like Fed policy). Paradoxically, rates managed to move a bit lower […]
      • Mortgage Rates Drop as Bond Gains Accelerate July 17, 2019
        Mortgage rates improved today, depending on the lender and the time of day! Underlying bond markets were only modestly stronger in the morning. As such, the average lender only offered modest improvements over yesterday's rates at first. But as the day progressed, market volatility favored bonds. Once bonds improved enough, many lenders ended up offering […]
      • Mortgage Rates Under Modest Pressure After Retail Sales Data July 16, 2019
        Mortgage rates were flat to slightly higher today, following a stronger-than-expected Retail Sales report. The bond market (which dictates mortgage rates) was eagerly awaiting the week's first major economic data. Even though the Fed will almost certainly cut rates at the end of the month, additional cuts depend heavily on the balance of economic data. […]
      • Mortgage Rates Little-Changed Despite Bond Market Gains July 15, 2019
        Mortgage rates were mostly flat to begin the new week, even though underlying bond markets were in stronger territory. Bonds, more than anything else, dictate the day-to-day direction for mortgage rates. That said, there are different varieties of bonds as well as different levels of willingness to react on the part of mortgage lenders. In […]