US Mortgage Rates

Mortgage Application Dropped with 3.2 percent Due to Rate Increase

Increase in mortgage rates causes the buyers to steer clear from applying for a mortgage loan which resulted to the decrease of mortgage applications by 3.2 percent.

Should Retired Citizens Pay Off Their Mortgage Debts?

Is it significant to pay off mortgages up until retirement? Mortgage is something that that one could not easily escape from, not unless you'd allow your home to be taken away.

Google is Now a Registered Mortgage Broker; Launches Google Compare for Finding the Best Mortgage Plan

Google has released its new feature Google Compare for Mortgages last Monday which will help potential home buyers to compare mortgage prices in the market.

Ed Sheeran Paid Off His Friend's Mortgage with His Song, 'Thinking Out Loud'

Ed Sheeran helped his childhood friend Amy Wadge to pay off her mortgage through song credits. Ed Sheeran helped his childhood friend Amy Wadge to pay off her mortgage through song credits.

'Ellie Mae' Set to Acquire Brentwood- Based Real Estate Management Software

Ellie Mae, a mortgage software firm is set to acquire a Brentwood-based database management and marketing software firm for loan originators, the Mortgage Returns.

Implementation of New TRID Caused Mortgage Applications to Plummet with 28%

Mortgage application market has experienced a surge before a new TRID take into effect which made the applications jumped with 25 percent. However, mortgage applications dove down with 28 percent last week after the new TRID has taken effect.

Bank of America Has Released its Income Report for the Third Quarter

Bank of America has released their income report for the year's third quarter. The report indicated an "originated $13.7 billion of first-mortgage loans and $3.1 billion of home equity loans."

New Mortgage Policies Caused Uncertainty in Mortgage Industry's Future

Mortgage Bankers Association is set to hold their annual convention for this year and many topics are in line to be discussed. As the new mortgage policy has already taken into effect, what will be the significant changes in the mortgage industry the policies will bring?

Mortgage Rate Hits Lowest Record in Six Months with Less Than 4%

Strong U.S. dollar and robust employment has once again made the mortgage rates hikes to be postponed which makes an average 30- year mortgage rate to reach lower than 4 percent.

How To Prepare For The Rise In Mortgage Rates

As of now, the mortgage rates are still consumer friendly. The rates have been in its all time low so buyers are finding it quite easy to achieve their dream homes. But knowing how the economy works, or at least how everything works, what went down can also rise back up. The economy is expected to rebound again in 2016 and expensive mortgages ca arise once again.

Mortgage Application Surges with 25.5% Due to New Mortgage Rules

Mortgage application increased with 25.5 percent as mortgage rates lowers and borrowers rushed to file their applications before loan disclosure changes again.

Rise in Mortgage Rates Will Cause Unaffordability Among Canadians

Bank of Montreal's Wealth Institute released a survey showing that one in six Canadians will not be able to pay their monthly mortgage payments should interest rates increase which can add another C$500 into their monthly payments.

Fifth Third Bank Set to Pay $84.9 Million Over Civil Fraud Lawsuits

Fifth Third bank is set to pay more than $84.9 million to settle US civil fraud lawsuits after failing to report defects in more than 1,400 mortgage loans.

Mortgage Applications Fell 6.7% Despite Rate Decrease

Mortgage Bankers Association have released their weekly report on Wednesday and the report revealed that mortgage applications decreased despite of the rate decrease.

Understanding Mortgage Closing Costs

Amusing as it may be, closing costs rose by 6% from last year despite this year's low mortgage rates. This is partly caused by the stricter regulations on loans which increases the costs for banks, and these costs are technically passed on to the consumers.

'Hudson City Savings Bank' Set to Pay $32.75 million For Mortgage Discrimination Lawsuit

New Jersey- based Hudson City Savings Bank is set to pay $32.75 million for settlement of their federal lawsuit of mortgage discrimination.

Mortgage Rates Declined After Federal Reserve Postponed Rate Hike

Freddie Mac released a report last Thursday that mortgage rate declined for the past week when Federal Reserve decided not to raise the interest rates.

'Weststar Mortgage Corporation' Merges with 'Goldwater Bank' for a Stronger Mortgage Lending Business

Weststar Mortgage Corporation will soon merge with Goldwater Bank after acquiring the company through stocks.

Why Is It Hard For Latin Americans To Get A Mortgage Loan In The US?

Latinos or those with hispanic origins have trouble landing a mortgage loan in the US because, first, most of them are unbanked or underbanked. Second, when they are included in this group, they tend to be left out of traditional credit scoring models used to underwrite mortgages.

Reverse Mortgage To Buy New Homes For Seniors

Retirement Involves A Big Step For Seniors Planning On Better Home Stay Seniors are also entitled the right to decent housing, and as such the reverse mortgages scheme has been proved useful in ensuring the security for a longer home stay for this age group.

Why Is Using A Reverse Mortgage More Preferable When Acquiring A New Home?

Using reverse mortgage may not only provide a more easy way for senior citizens to easily purchase homes that are more comfortable and relative to their lifestyle but also enables them to save more on what they can spend when acquiring properties through other means.