• 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 Continue Gradual Recovery October 26, 2021
        Mortgage rates hit 6 month highs by the end of last week, but they've been cautiously recovering since then. The rebound traces a similar pattern in the bond market, as is typically the case considering lenders rely on bonds as the primary ingredient in the interest rate recipe. In simpler, more normal times, bonds would […]
      • Mortgage Rates Improve Modestly From Long-Term Highs October 25, 2021
        Mortgage rates began the day right in line with Friday afternoon's latest levels. Lenders likely would have been able to offer lower rates if the bond market hadn't begun the day at weaker levels (bond market weakness = higher rates, all other things being equal). As the day progressed, bonds improved enough for most lenders […]
      • Highest Rates Since April, But There's a Catch October 22, 2021
        Over the past 30 days, interest rates have risen sharply . This is true for both mortgage rates and bond market benchmarks like 10yr Treasury yields. But another version of the 10yr Treasury yield continues to operate near all-time lows . How can rates simultaneously be rising quickly but still near all-time lows? Inflation! As […]
      • Another Day; Another Long-Term High For Rates October 21, 2021
        Mortgage rates haven't really been able to catch a break recently. This week is shaping up to be one of the worst since March. Since then, only 2 other weeks have been worse and they both occurred in the past month. In and of itself, today's jump in rates wouldn't be too troubling, but when […]
      • Mortgage Rates Stabilize For Now October 19, 2021
        Mortgage rates hit their highest levels in months yesterday as bonds lost ground at a brisk pace to start the new week. Bonds--specifically mortgage-backed securities (MBS)--are the most important ingredient used by lenders to determine mortgage rates. Bond market weakness (i.e. "losing ground") means that bond PRICES are falling. Bond prices vary inversely with bond […]