Searching
Mortgage Rates Archive
RISMEDIA, April 21, 2011—(MCT)—The Federal Reserve recently proposed requiring banks to ensure borrowers can repay their mortgages before they give them a loan. ...
RISMEDIA, April 20, 2011—Welcoming a brand new player to the real estate playing field is always big news. New perspective, new ideas, new potential on the horizon. However, with almost 200 years of history, and doing business today in more than 160 countries and jurisdictions, you can’t exactly call Citi a newcomer. You can’t even refer to Citi as a newbie to mortgage lending, a vertical it’s operated in for almost 40 years.
RISMEDIA, April 16, 2011—(MCT)—Federal banking regulators have reached agreements with the nation's biggest mortgage lenders to address longstanding complaints that the foreclosure process is unfair to delinquent borrowers trying to stay in their homes.
The settlements with the nation's largest banks are aimed at correcting what consumers and consumer groups say are fundamental flaws in the repossession process.
RISMEDIA, April 15, 2011—A new bill to improve the process for approving short sales may soon bring relief to distressed homeowners who are unable to keep their homes and hope to avoid foreclosure. The bill, recently introduced in the U.S. House and strongly supported by the National
RISMEDIA, April 14, 2011—This big inventory of homes—90 days or more delinquent on their mortgage payments, currently in foreclosure or now REOs—at last count was 2.1 million. It’s enough to make you plop, plop, fizz, fizz, worrying everyone from the banks to the sellers
RISMEDIA, March 21, 2011—Mortgage applications decreased 0.7% from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending March 11, 2011. ...
RISMEDIA, March 18, 2011—Mortgage rates posted a sharp decline, with the benchmark conforming 30-year fixed mortgage rate falling to 4.91%, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.38 discount and origination points.
RISMEDIA, March 11, 2011—(MCT)—Loc Chau was looking for a super-low interest rate to finance his San Jose, Calif., condominium, a place he envisions living in for a few years. Super-low to him means below 4%. So he opted for an adjustable-rate mortgage insured by the Federal
RISMEDIA, March 8, 2011—Housing recovery may seem like a mirage in the desert of record foreclosures and steep unemployment, but history indicates that a more balanced market is in our future.
Real estate has always been and always will be cyclical. Recent numbers—namely gains in existing- and new-home sales, increasing activity among investors, upticks in housing starts and ongoing efforts to streamline short sales—offer a much-needed reminder that this downturn, too, shall pass.
RISMEDIA, March 4, 2011—(MCT)—There's a hallowed rule in U.S. housing policy: If you own a home, you get a tax deduction on your mortgage interest. But there's also a growing push to sacrifice this sacred cow, and the reasons are disparate. Some people argue that the policy
RISMEDIA, March 4, 2011—In my previous two articles, I discussed the role of mortgage insurers (MIs) in relation to short sales and answered some of the key questions my company, Radian Guaranty, receives about this type of sale.
RISMEDIA, March 1, 2011—Fannie Mae's latest national housing survey finds that Americans are more confident about the stability of home prices than they were at the beginning of 2010, even though they lack confidence in the
RISMEDIA, February 28, 2011—Continued improvements in economic activity driven by strong growth in consumer spending are moving the economy beyond the recovery phase and into a period of expansion, according to the February 2011 Economic Outlook released by Fannie Mae's
RISMEDIA, February 23, 2011—A landmark book published this week by the Appraisal Institute demonstrates valuation methodologies for controversial easement-related appraisal assignments. The Appraisal Institute is one of the nation’s largest professional associations of real
RISMEDIA, February 22, 2011—(MCT)—There's a note of optimism in the air about the U.S. mortgage delinquency rate. The number of mortgages that were past due in the fourth quarter of 2010 was at its lowest level since the end of 2008 (excluding homes that are already in
