• 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 Mostly Flat Despite Stronger Bond Market October 27, 2020
        Mortgage rates are mostly determined by the trading levels of mortgage-backed bonds on the open market. When those bonds improve, mortgage rates move lower, all other things being equal. For a variety of reasons, that typical relationship has been hit and miss on any given day since the pandemic began. Today is a milder example. […]
      • Mortgage Rates Modestly Lower to Start New Week October 26, 2020
        Mortgage rates were lower today for the average lender, but just how low remains a matter of great debate. To be fair, there's no active debate raging behind the scenes. Rather, there are a few weeks' worth of news headlines claiming "all-time low mortgage rates," and then there is the objective truth (which is a […]
      • Don't Believe This Week's Mortgage Rate News. Here's Why October 23, 2020
        Another week, another glut of news articles claiming mortgage rates are at all-time lows. While no one is intentionally trying to deceive you, the news is deceptive nonetheless. Why? Freddie Mac's weekly mortgage rate survey is at the heart of the issue. The survey is a mainstay of the mortgage industry and the news media. […]
      • Today is October 22nd, 2020, and Mortgage Rates Are Not at All-Time Lows October 22, 2020
        Thursdays are special days for mortgage rate aficionados--or they can be anyway. That's when the weekly mortgage rate survey from Freddie Mac is released. The survey is a mainstay of the mortgage industry and the news media. It's been around the longest and is really the only mortgage rate benchmark the industry has. That's TERRIFYING […]
      • Mortgage Rates Highest in Nearly a Month October 21, 2020
        Rates are appreciably higher than they were last week or indeed any time in past 4 weeks. That's surprising news to those laboring under misapprehensions created by widespread reports of "all-time low rates" from last week. As we discussed yesterday, those reports were based on weekly survey data from Freddie Mac and the MBA, and […]