Rates for home loans ticked up as global trade concerns countered investors’ belief that the Federal Reserve was likely to raise short-term interest rates. The 30-year fixed-rate mortgage averaged 4.45% during the week ending March 22, according to Freddie Mac’s weekly survey, out Thursday. The 15-year...
Mortgage rates haven't been this high in nearly four years, just as the spring home-buying season is heating up. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average shot up to 4.38 percent with an average 0.6 point. (Points are fees paid...
Total mortgage application volume rose 4.1 percent last week, according to the Mortgage Bankers Association. The rise in applications doesn't make sense — unless you factor in fear. Interest rates rose, but borrowers may have jumped in, especially to refinance their current loans, worried...
Loans performed well in September, continuing to erase most of the last vestiges of the market's Great Recession distress. The CoreLogic Performance Insights Report for the month says the national delinquency rate is now 5.0 percent. This ties September with August as the lowest rate since 2007. With...
The following list of DO’ s and DON’T ‘ s to help guide you through the mortgage process and increase your approval chances. 1. Do disclose all potential problems with regard to employment history, credit and income as well as other sources of fu nds. Tell the loan officer everything so that...
Mortgage rates barely budged today--not too surprising considering today's bond market levels (which underlie rates) were roughly in line with yesterday's. The average lender is quoting conventional 30yr fixed rates of 4.0% or slightly lower for top tier scenarios. Movement has been minimal since October with day-over-day...
Income Employers' names and addresses for last two years (include dates of employment and gross monthly income) W-2s for last two years and pay stub(s) for last 30 days If self-employed: Year-to-date profit and loss statement and balance sheet prepared and signed by an accountant and you Signed...
With home prices nearly back to where they were when the housing crisis began, CoreLogic's principal economist Molly Boesel compares the duration of the recent cycle to those of other downturns. While there hasn't been a comparable period of performance nationwide, she looks at several...
Home sales might be a bit disappointing, but the National Association of Realtors® (NAR) says consumer attitudes about the economy are not the reason why. NAR's third quarter Housing Opportunities and Market Experience (HOME) survey found increasing confidence among respondents about the direction of the national economy and...