Mortgage News

Mortgage Availability Improves for Sixth Straight Month

The Mortgage Bankers Association says that relaxed government regulations, new offerings from federal loan programs, and new jumbo-loan options helped improve access to home loans in April, the sixth straight month of increased availability.

2015 Starts With a Welcome Surprise in Mortgage Rates

One year ago, economists predicted that mortgage rates would top 5 percent by the start of 2015. Instead, rates plunged last year and opened 2015 with 30-year, fixed-rate mortgages at the lowest level in 20 months, a development potential homebuyers should consider leveraging.

Low Mortgage Rates Linger Longer Than Expected

Bankers and economists had forecast mortgage rates to climb higher in 2014 and top 5 percent by the end of the year. But the reverse happened, and rates today on a 30-year mortgage are nearly one-half of a percentage point lower than where they stood a year earlier.

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