Tag Archives: Mortgage

Wells Fargo's Mortgage Gains May Be Unsustainable

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Wells Fargo's Mortgage Gains May Be Unsustainable
While the Fed has promised to buy more mortgage bonds, interest rates may not fall much further. If mortgage rates stagnate or rise, fewer borrowers are likely to refinance or buy a house. And if the mortgage bond market weakens, banks will make …
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Long-term mortgage rates rise in week
10 (UPI) — Long-term U.S. mortgage rates rose in the week ending Thursday, climbing further away from recent record lows, the Federal Home Loan Mortgage Corp. said. While the historic low for 30-year, fixed rate mortgages was set Nov. 21, 2012, rates …
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Lastest Mortgage Rates News

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Low mortgage interest rates could head upward in late 2013
Increasing interest rates, more people refinancing homes into 15-20 year mortgages and more first-time home buyers are some trends officials in the home-buying field are predicting for 2013. Increasing interest rates, more people refinancing homes into …
Read more on State Journal

Lenders Loosen Up : Mortgage Approval Rate Climbs 11%
As the U.S. economy has improved, mortgage lenders are no longer tightening their respective lending guidelines. New loan programs with looser, simpler rules have been introduced and, in many cases, the steps required for a home loan approval are more …
Read more on The Mortgage Reports

Should Borrowers Pay More Mortgage Points?
That hypothetical borrower with the 3.75% mortgage rate on a 30-year, $ 1 million mortgage will save about $ 143 a month and end up with a roughly $ 4,630 monthly payment. Longer term, that amounts to a savings of nearly $ 51,500 in interest payments over …
Read more on Smartmoney.com

Mortgage rates mixed in first week of 2013

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Mortgage rates mixed in first week of 2013
Photo Average mortgage rates fell in one survey but rose in another as the mortgage market started the new year on a mixed note. Freddie Mac reports the benchmark 30-year fixed-rate mortgage (FRM) averaged 3.34 percent in the first three days of this …
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Cambridge BS, BM Solutions and Accord cut mortgage rates
Cambridge Building Society, BM Solutions and Accord are the latest lenders to cut the rates on their mortgage products. From today, Cambridge Building Society has cut its rates by up to 0.7 per cent on its buy products, with a two-year fixed rate …
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