Latest Mortgage News

Vote Why Did Mortgage Rates Skyrocket Past 2013 Highs on Wednesday? www.mortgagenewsdaily.com — Why Did Mortgage Rates Skyrocket Past 2013 Highs on Wednesday? Tags: mortgage rates 1 point, submitted 1 day ago by John Martin 0 comments

Vote Mortgage Applications Surge, Purchases at Three-Year High www.mortgagenewsdaily.com — While refinancing drove mortgage originations, a small uptick was enough to send purchase applications to a three year high according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ended May 3. Tags: mortgage applications 1 point, submitted 2 weeks ago by John Martin 0 comments

Vote The return of interest-only mortgages - MarketWatch www.marketwatch.com — Interest-only mortgages, in which borrowers pay interest but no principal during the first few years of the loan, are attracting buyers who like the lower monthly payments—and can divert the savings to income-generating investments. Tags: interest only mortgages 1 point, submitted 2 weeks ago by John Martin 0 comments

Vote Freddie Mac Rates Drop www.nationalmortgagenews.com — The average weekly rate for a 30 year fixed rate mortgage continued to slide for the fourth week in a row. Tags: 30 Year Fixed Rate 1 point, submitted 4 weeks ago by John Martin 0 comments

Vote DeMarco Outlines Plan to Merge Fannie, Freddie into New Securitization Firm www.mortgagenewsdaily.com — Edward J. DeMarco announced that the Federal Housing Finance Agency plans to establish a new entity, independent of Fannie Mae and Freddie Mac (GSEs), to design and implement a new securitization platform for the secondary market. Tags: DeMarco Fannie Freddie 1 point, submitted 2 months ago by John Martin 0 comments

Vote Massachusetts Mortgage Rates Aggressively Flat To End The Month www.mortgagenewsdaily.com — Massachusetts Mortgage rates are even more sharply unchanged today than they were yesterday, which at least saw some consensus toward strength in the morning and weakness in the afternoon. Tags: massachusetts mortgage rates 1 point, submitted 2 months ago by John Martin 0 comments

Vote The return of interest-only mortgages - MarketWatch www.marketwatch.com — Interest-only mortgages, in which borrowers pay interest but no principal during the first few years of the loan, are attracting buyers who like the lower monthly payments—and can divert the savings to income-generating investments. Tags: interest only mortgage 1 point, submitted 2 months ago by John Martin 0 comments

Vote Mortgage Rates Start Stronger, Fade By End Of Day www.mortgagenewsdaily.com — Mortgage Rates Tags: mortgage rates 1 point, submitted 3 months ago by John Martin 0 comments

Vote 30 Year Mortgage Rates in MA Hit Highest Levels In Months, More Volatility Ahead www.mortgagenewsdaily.com — 30 Year Mortgage rates in MA skyrocketed to their highest levels since August on Friday, both as a part of an ongoing move higher that began yesterday and more specifically in reaction to overnight events in Europe. Tags: 30 Year Mortgage rates in MA 1 point, submitted 3 months ago by John Martin 0 comments

Vote 30 Year Fixed mortgage rate rises to 3.42% www.usatoday.com — WASHINGTON (AP) — Average rates on 30 Year fixed mortgage rose this week but remained near record lows. Tags: 30 year fixed mortgage 1 point, submitted 3 months ago by John Martin 0 comments

Vote CFPB releases new mortgage rules in bid to reduce risky lending - The Washington Post www.washingtonpost.com — The CFPB is establishing new rules for mortgages that will make it harder for some borrowers to qualify but that are designed to prevent the kind of risky lending that nearly caused the housing market to collapse during the financial crisis. Tags: CFPB 1 point, submitted 4 months ago by John Martin 0 comments

Vote Mortgage Rates Continue Steady Descent Back To Earth www.mortgagenewsdaily.com — Mortgage rates moved slightly lower again today, marking the third straight session of recovery after being launched higher last week. Tags: mortgage rates 1 point, submitted 4 months ago by John Martin 0 comments

Vote New Rules of Refinancing Your Home - Kiplinger www.kiplinger.com — With the 30-year fixed mortgage rate flirting with 3%, a lot of homeowners should be able to cut their mortgage payments by hundreds of dollars a month. But despite an uptick in refinancings in 2012, the number is lower than in past booms, according Tags: refinancing 1 point, submitted 4 months ago by John Martin 0 comments

Vote Where Would Mortgage Rates go without the Fed? www.mortgagenewsdaily.com — Here's something to ruminate on: how a traditional bank makes money. Sure they earn some fee income, but banks "sell" money in the form of loans, certificates of deposit (CDs) and other financial products. Tags: mortgage rates 1 point, submitted 4 months ago by John Martin 0 comments

Vote Mortgage rates will rise next year, but slowly - Amy Hoak's Home Economics - MarketWatch www.marketwatch.com — CHICAGO (MarketWatch)—After reaching record lows in 2012, mortgage rates are expected to creep up slowly in the year ahead, the Mortgage Bankers Association predicted on Tuesday. Tags: mortgage rates 1 point, submitted 6 months ago by John Martin 0 comments

Vote Sales pace of new homes highest since April 2010 www.marketwatch.com — WASHINGTON (MarketWatch) — Sales of new single-family homes in the U.S. rose in September to the highest rate in more than two years, according to government data released Wednesday that confirms the improving picture in the housing market. Tags: new home sales 1 point, submitted 7 months ago by John Martin 0 comments

Vote Tax breaks for refinancing your mortgage - MarketWatch www.marketwatch.com — Tax breaks - With mortgage interest rates at historical lows, refinancing might be an attractive proposition–even if your last refinancing deal was not too long ago. Tags: mortgage refinancing tax breaks 1 point, submitted 7 months ago by John Martin 0 comments

Vote How to keep a mortgage refinance on track in busy times www.marketwatch.com — CHICAGO (MarketWatch) — Good luck getting someone on the phone these days to start a mortgage refinance. Tags: mortgage refinance 1 point, submitted 7 months ago by John Martin 0 comments

Vote Loan Processing Times on the Rise, Closing Rates Improve in September www.mortgagenewsdaily.com — Loan Processing Times on the Rise, Closing Rates Improve in September. While the time to close a loan increased again in September, lenders are closing a significantly higher portion of loans than they have in earlier months. Tags: loan processing 1 point, submitted 7 months ago by John Martin 0 comments

Vote FHFA: Hard Hit States Taking Advantage of HARP www.mortgagenewsdaily.com — FHFA: Hard Hit States Taking Advantage of HARP. Refinancing through Freddie Mae and Fannie Mae jumped sharply in August as homeowners continued to take advantage of record low rates. Tags: HARP 1 point, submitted 7 months ago by John Martin 0 comments

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