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Mortgage News & Articles

Mortgage Applications Decrease in Latest MBA Weekly Survey

(Source: MBA) WASHINGTON, D.C. - Mortgage applications decreased 1.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 22, 2015. The Market Composite Index, a... read more

Current Mortgage Rates for Tuesday May 26, 2015

Current mortgage rates from the nation’s top lenders for this Monday remain mostly stable with a few lenders lowering rates on select loan programs. The national average over all this past week has been pretty much flat with rates going both slightly up and down. Bank... read more

New-Home Sales Rise 6.8% in April

(SOURCE: NAHB) WASHINGTON, May 26 - Sales of newly built, single-family homes rose 6.8 percent to a seasonally adjusted annual rate of 517,000 units in April, according to newly released data from HUD and the U.S. Census Bureau. "Sales are moving forward and our... read more

Mortgage Rate Report for Friday May 22, 2015

Current mortgage rates at the nation's top lenders are mostly mixed. This week is ending with mortgage rates remaining mostly stable with a slight upward trend on some loan programs. Freddie reported yesterday that rates for the 30-year mortgage were down a bit to... read more

Foreclosure Starts Down 22 Percent

Foreclosure Starts Down 22 Percent; Slight Seasonal Increase in Delinquencies Foreclosure starts drop by 22 percent in April; down 7 percent from one year ago Slight seasonal increase in April delinquencies pushes national rate up to 4.77 percent Prepayment rates up... read more

Three Charged in Multi-Million Dollar Foreclosure Rescue Scam

Complaint Charges That Defendants Acting Through An Organization That Advertised Help To Those Seeking Home Loan Modifications To Avoid Foreclosure, Obtained Millions Of Dollars By Deceiving Homeowners Into Selling Their Homes (Source: SIGTARP) WASHINGTON, DC -... read more

Current Mortgage Rates for Thursday May 21, 2015

The nation's top lenders are reporting mortgage rates are mostly mixed. Freddie Mac issued their weekly rate report today showing the average rate for 30-year mortgage was 3.84%, compared with 3.85% a week ago. The 15-year fixed mortgage averaged at 3.05%, down from... read more


 

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