Archive for the ‘Mortgage’ Category

Mortgage rates skyrocket!

Mortgage rates have gone up probably 20 basis points, on average, since last Tuesday.

Writing a modification letter

The FHA has one formula for charging premiums, regardless of the borrower's credit score. That will change July 14, when the agency rolls out risk-based pricing.

In the details

Fannie Mae has reversed a controversial policy on down payments, but that doesn't mean you'll have an easier time getting a low-down payment mortgage.

Here come conforming jumbos

Lenders just might be getting serious about underwriting the new conforming jumbo mortgages for more than $417k.

Here come conforming jumbos

Lenders just might be getting serious about underwriting the new conforming jumbo mortgages for more than $417k.

The scoop on rates

If you're a diligent Bankrate reader, you already know that long-term fixed rates dipped this week, after three straight weeks of small rate rises.

Can’t afford mortgage? HOP on

The unemployment rate fell because a lot of people have part-time jobs, even though they would prefer to work full-time.

(Jury)Duty calls

The Fed's rate cut could push long-term mortgage rates higher if the Fed's action is deemed inflationary.

Fed meets this week

The Federal Reserve is expected to give consumers another break this week -- a quarter-point cut in short-term interest rates.

Fed meets this week

The Federal Reserve is expected to give consumers another break this week -- a quarter-point cut in short-term interest rates.