Mortgage Rates Rise, Could Reach 5% in 2014
Mortgage rates now are up more than a full percentage point from the same time a year ago, and one industry firm predicts they will hit 5 percent next year for the first time since 2010.
The Benefits of Adjustable Rate Mortgages
With one daughter in college and another in high school, Guy Hempel and Cherina Rossi face years of tuition payments.
Mortgage Rates Drift Lower
A nervous mortgage market drove interest rates higher this week ahead of the Thanksgiving holiday, with the average for a 30-year fixed-rate loan rising to 4.29 percent from 4.22 percent a week earlier, Freddie Mac said.
Fixed Interest Rates on Home Loans Fall
Fixed mortgage rates fell early this week in the wake of a decline in the inflation rate, with Freddie Mac pegging the 30-year loan at an average of 4.22 percent, down from 4.35 percent last week.
Comparison Shopping Nearly Impossible With Mortgages
Under federal law, every home mortgage borrower must be provided with a good-faith estimate of settlement costs within three days of receipt of the borrower's application. The good-faith estimate, or GFE, was administered for many years by the Department of Housing and Urban Development, which made substantial improvements to it in 2010. Shortly thereafter, responsibility shifted to the Consumer Financial Protection Bureau, where it now resides.
Best Mortgage Lenders
Online lender Quicken Loans sits atop J.D. Power & Associates' survey of mortgage customer satisfaction for a fourth straight year.
Interest Rates on Mortgages Climb
Average fixed mortgage rates rose again this week in response to more reports that portrayed the economy as strengthening.
When Mortgage Lenders Don't Deliver
The ombudsman concept developed as a protection, or a source of redress, for individuals treated unjustly by governments, corporations, universities and other entities whose powers vastly exceeded theirs. Their role is to examine complaints made about the entity involved, and to find a way to resolve them.
Improving Economy Pushes Rate Higher
A brighter economic picture sent mortgage interest rates higher this week, with housing finance giant Freddie reporting that a 30-year fixed-rate home loan averaged 4.16 percent, up from 4.1 percent last week.
Use Mortgage Loan Officers to Get Educated
My new program to certify mortgage loan officers, which will become operational early next year, will focus on two features that are critically important to borrowers: price integrity and decision support.