• 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 Hangin' Tough Despite Stock Market Recovery February 14, 2020
        Mortgage rates have primarily been at the whim of the general tone of coronavirus news for the past few weeks. That meant a swift move to multi-year lows followed by an uneven correction back toward higher levels. But the correction has been anything but threatening, and it stands in stark contrast to a much sharper […]
      • Mortgage Rates Still Giving Back Coronavirus Gains February 12, 2020
        Mortgage rates have spent just over a week moving back up from the lowest levels in more than three and a half years. Those long-term lows came courtesy of the panic surrounding the coronavirus outbreak, which led investors to move more money into safe havens like bonds. When demand for bonds rises, rates fall, including […]
      • Mortgage Rates May Be Pressured Higher As Virus Fears Ebb February 11, 2020
        Mortgage rates were very slightly higher today after being modestly lower over the weekend, but in general, remain very close to the lowest levels in more than 3 years. They weren't too much higher than current levels even before the coronavirus outbreak took center stage, but the virus definitely deserves credit for the extra downward […]
      • Mortgage Rates Surprisingly Resilient After Jobs Report February 7, 2020
        Mortgage rates completely defied the odds. They even defied convention. Specifically, they managed to move appreciably lower even though today's big jobs report basically told them not to. This is a big deal for several reasons. The jobs report is historically the most important economic report on any given month as far as interest rates […]
      • Rate Volatility Levels Off Ahead of Jobs Report February 6, 2020
        Mortgage rates managed to hold steady , for the most part, today. Some lenders were offering slightly better or worse terms compared to yesterday, but none of the changes were very big. This is a welcome development considering the past 2 days saw a rapid increase of 0.125% for the average lender. Sadly, it's not […]