Browsing: mortgage

Weekly mortgage rates stayed basically unchanged this week. The average 30-year fixed-rate mortgage rose one basis point to 6.85% in the week ending July 30, according…

Understanding prepayment penalties isn’t just about preparing clients for a potential fee, it’s increasingly a strategic edge for mortgage brokers. That was the message from Matt…

Pros You might pay down your loan faster. You might be able to direct the refinance savings toward paying down your mortgage balance sooner. This could…

FHFA Director Bill Pulte should direct the agency to examine credit scoring models based on cash flow as a complement to existing systems, writes Martin Kleinbard,…

When you hear the phrase “second mortgage,” a negative connotation likely comes to mind.Back in the day, the presence of an additional loan meant you had…

While it’s a difficult concept to wrap one’s head around, it is possible to see lower mortgage rates and slowing home price appreciation.Most people tend to…

Ever since mortgage rates surged from their record lows in early 2022, economists have been attempting to figure out what specific rate would get the housing…

Once again, there have been reports of President Trump threatening to fire Fed Chair Jerome Powell.But like the last time this happened, Trump has denied that…

While adjustable-rate mortgages are mostly a thing of the past, homeowners are still receiving notices about monthly payment increases.But how is this possible if your typical…

What a difference a month makes. Mortgage rates were close to eight month lows about two weeks ago.Today? They’re only 17 basis points (0.17%) away from…