Home Loans

On Monday, Freddie Mac released the latest mortgage interest rate data, noting that the national average currently sits at 4.08 percent. While that number is lower than what we saw at this time last year – 4.12 percent in June

Black Knight Financial Services released its “First Look” data for May on Wednesday and revealed that there was an overall increase in foreclosure activity last month. According to Mortgage News Daily, which analyzed the data after it was published, the

David Blitzer reported via CNBC on Thursday that mortgage applications are on the rise due to the threat of a spike in home prices. “People want to buy before the price gets away from them,” Blizter said. Interest rates, meanwhile,

The U.S. Supreme Court ruled this week that banks may pursue home-equity borrowers for payments in bankruptcy – a practice known as lien stripping – in a case involving Bank of America. As a result of the ruling, experts are

According to a new report released by Wells Fargo on Wednesday, households across the board in the United States are in a better position than ever before to stave off a fixed mortgage rate increase. Part of this can be

Although the number of applications for the purchase of newly constructed homes rose only 0.3 percent in April, the Mortgage Bankers Association is calling it a win. On the heels of a 17 percent increase in March, April’s numbers show

Although the number of mortgage refinance applications fell 4.6 percent last week, home loan requests are on the rise. “That’s a good sign for the housing industry,” CNBC explained in a new video report on Wednesday. “Requests for new home

Thanks to a set of new federal rules doled out earlier this week, it has now become a bit more difficult to obtain a reverse mortgage on your home. The good news, however, is that for those who do get

As mortgage interest rates continue to remain at historic lows, potential homebuyers are loving it and the financial sector is hating it. “There’s virtually nothing in the financial services area that’s benefiting from continued lower and lower rates,” Barclays CEO

Last week, the House of Representatives approved legislation that will ease mortgage lending requirements in an attempt to undercut the Dodd-Frank law. The first measure eases curbs on lending measures for mobile and modular homes. The second measure reduces restrictions,