Millions Of Borrowers With Low FICO Scores About To Get A Boost
Millions of consumers with low FICO scores are about to get a boost and access to lower cost loans. Announcing a “a more nuanced way to assess consumer collection information,”…
Lending Standards Loosening, More Jumbo ARMs In The Market
The availability of mortgage credit is increasing, driven by a rise in the number of jumbo Adjustable Rate Mortgage programs in the market, according to the Mortgage Bankers Association’s latest…
Mortgage Rates Holding, Remain Lower Year-Over-Year
The average rate for a conforming 30-year mortgage ticked up to 4.15 percent over the past week and remains 43 basis points below the three-year high rate of 4.58 percent…
Mortgage Rates Tick Down, Now Lower Than Last Year
The average rate for a conforming 30-year mortgage ticked down to 4.14 percent over the past week, 44 basis points below the three-year high rate of 4.58 percent recorded this…
Loan Application Volumes Drop While Inventories Continue To Rise
Mortgage loan application volume for home purchases across the country fell 6 percent over the past week and loan activity is running 15 percent lower on a year-over-year basis. At…
Mortgage Rates Tick Up For Second Week In A Row
The average rate for a conforming 30-year mortgage ticked back up to 4.20 percent over the past week and is within 38 basis points of the three-year high rate of…
Fixed Mortgage Rates Hit Seven Month Low, Likely Headed Up
The average rate for a conforming 30-year mortgage ticked down from 4.20 to 4.14 percent over the past week, the lowest rate in seven months and 44 basis points below…
The Fed Sees Signs Of Easier Mortgages Ahead
While mortgage credit conditions in the U.S. remain “generally tight,” and applications for purchase mortgages remain “tepid,” according to the Fed, signs of easing continue to emerge, including indications of…
Mortgage Rate Forecast For 2014
With the Federal Reserve continuing to taper stimulus spending despite a housing recovery that’s “struggling to shift into a higher gear,” Freddie Mac is forecasting the average rate for 30-year…
Discount For Going Big With A Jumbo Loan Has Disappeared
Having dropped to a six-month low last week, the average rate for a conforming 30-year mortgage has ticked down one more basis point to 4.20 percent, 38 basis points below…