• 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 Almost Back to Early January Levels January 21, 2021
        Mortgage rates made more progress today, but only after some drama in the morning. The bond market started the day in weaker territory and many mortgage lenders were offering higher rates as a result. As the day progressed, bonds improved and lenders adjusted their offerings accordingly. By the afternoon, the average lender was in better […]
      • Mortgage Rates Making Steady Progress Over The Past Week January 20, 2021
        Mortgage rates are off to a decent start this week with the average lender offering slightly better terms compared to last Friday. The progress actually began earlier last week. On Tuesday morning, rates were at their highest levels in exactly 2 months after jumping at a relatively quick pace in response to the Georgia senate […]
      • The Real Story Behind The Past 2 Weeks of Mortgage Rate Volatility January 15, 2021
        It was easy to get lulled into complacency by the second half of 2020 when it came to mortgage rates. Even as other indicators said rates should be rising, they continued on a calm journey to multiple record lows. 2021 has been very different so far! Covid and its impacts on the economy remain the […]
      • Mortgage Rates Continue Healing, But Remain Well Above Recent Lows January 13, 2021
        Mortgage rates had another solid day today--this time without any of the early drama seen yesterday. If you're just getting caught up, the bond market (which drives day-to-day interest rate movement) has been selling off aggressively since the Jan 5th Georgia senate election. When bonds sell-off, it means bond PRICES are getting lower and bond […]
      • Mortgage Rates Find Some Support After an Ugly Start January 12, 2021
        Mortgage rates were off to a very bad start this morning, but recovered a portion of what they lost by the end of the day. The specifics depend greatly on the lender in question. Sadly, few if any lenders are still able to offer the rates seen yesterday. To make matters worse, yesterday's rates were […]