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
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
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
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
The mortgage landscape has changed a ton over the past several years. Mortgage lending guidelines have firmed tremendously since the housing crisis took hold, and… Read More »How Long Do You Plan to Keep Your Mortgage?
After the previous mortgage boom and subsequent crash, many questions were asked regarding what exactly went wrong. There was plenty of finger pointing, from overreliance… Read More »Will High Quality Mortgages Prevent Another Housing Bubble?
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
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?
For the past couple years now, there has been a big push for a so-called HARP 3.0, which would essentially open the door to private-label… Read More »How Does HARP 2.5 Sound?
It has been some time since the word “subprime” was voted word of the year. Six years to be exact. And since then, the word… Read More »Still No Comeback for Subprime Mortgages
