Look: Mortgage Rates Are Still Historically Cheap
I feel like I’ve been going on and on about mortgage rates lately, but for good reason. After hovering at or near record lows for… Read More »Look: Mortgage Rates Are Still Historically Cheap
Mortgage News
The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.
I’ve been covering the mortgage industry since 2006, at a time when scores of banks and lenders were closing their doors after some very big boom years.
In fact, you can see my ongoing list of mortgage layoffs and closures if you’re curious just how many companies didn’t survive that period.
Fortunately, the climate has improved considerably since then, despite a big uptick in mortgage rates lately.
This too has led to companies merging or folding entirely, though this time around due to a lack of volume as opposed to an increase in loan defaults.
I strive to write compelling mortgage news stories, whether it’s the top lenders for a given year, a novel mortgage product, new loan limits, or a big policy change.
You can see all my latest mortgage news posts below.
Blogger Claims Bernanke Made His Mortgage $53,000 More Expensive
A Yahoo! Finance blogger named Rick Newman claims Ben Bernanke cost him $53,000 on his recently acquired mortgage. The issue revolves around the latest testimony… Read More »Blogger Claims Bernanke Made His Mortgage $53,000 More Expensive
Bank of America Panned for Unattractive Refinance Offer
Anytime someone is looking to save you money, you should probably be skeptical, really skeptical. After all, it’s one thing to seek savings on your… Read More »Bank of America Panned for Unattractive Refinance Offer
Zillow CEO Says Don’t Wait, Best to Sell Home Now
In a rather odd interview on CNBC Thursday, Zillow CEO Spencer Rascoff said it’s “definitely a great time to sell.” This despite the fact that… Read More »Zillow CEO Says Don’t Wait, Best to Sell Home Now
Mortgage Rates Experience Largest Single-Week Increase Since 2011
To say the last couple weeks have been bad for mortgage rates (and consumers) would be an enormous understatement. In fact, over the past month… Read More »Mortgage Rates Experience Largest Single-Week Increase Since 2011
Many FHA Loans Now Require Mortgage Insurance for Life
In mid-2013, the FHA implemented a major change to its loan program that requires the annual mortgage insurance to be paid for the life of… Read More »Many FHA Loans Now Require Mortgage Insurance for Life
New Study Blames Cash Out Refis for Mortgage Crisis
A new study from Fed researcher Steven Laufer puts a lot of the mortgage crisis blame on cash out refinancing, which swelled in popularity as… Read More »New Study Blames Cash Out Refis for Mortgage Crisis
The Fed Minutes and Mortgage Rates
Just a few short hours ago, the Federal Reserve released the hotly anticipated FOMC “minutes” from its two-day meeting that took place back on April… Read More »The Fed Minutes and Mortgage Rates
Warren Buffett: Now Is the Time to Get a Mortgage
There are plenty of so-called experts and gurus out there with all types of advice on what you should do with your money, but perhaps… Read More »Warren Buffett: Now Is the Time to Get a Mortgage
The HELOC Resets Are Coming: Should We Worry?
Several years ago, when the mortgage crisis first materialized, an interest rate reset chart from Credit Suisse began circulating on the Internet. The picture said… Read More »The HELOC Resets Are Coming: Should We Worry?