Mortgage Loans News

House sunny day
Oct, 17, 2013
Home loan interest rates remained calm amid news that the government would re-open and avert a debt ceiling crisis. Rate reports provided by loans.org show that all three interest rates changed minimally for the week ending Oct. 17, 2013. The 30-year fixed-rate mortgage averaged 4.13 percent, a miniscule increase from 4.11 percent seen last week. The 15-year FRM did not change and remained at 3.15 percent.
Stock broker sitting on curb
Oct, 10, 2013
Today marks the tenth day of the government shutdown, and although it has not caused any large changes on reported mortgage interest rates, the actual rates that borrowers are able to access are significantly higher.
Congress during storm
Oct, 3, 2013
A widespread government shutdown impacted mortgage loan applications more than interest rates did this week. Rate reports provided by loans.org show that mortgage loan interest rates declined minimally for the week ending Oct. 3, 2013. The 30-year fixed-rate mortgage averaged 4.08 percent, down from 4.15 percent last week. The 15-year FRM averaged 3.11 percent, another decrease from 3.18 percent reported last week.
home on hundred dollar bills
Sep, 27, 2013
The CFPB’s new mortgage rules are schedule to go into effect beginning at the end of 2013 and through into 2014. These rules will affect home loan lenders, borrowers, and the housing market as a whole. The rules can be summarised as follows but additional information can be found on the CFPB’s rule guide.  
Real estate agent showing home
Sep, 26, 2013
Home loan interest rates dropped lower this week and increased competition for buyers according to rate reports and interviews provided by loans.org. Interest rates have drastically declined for the past two weeks since the Fed announced that they would not start to reduce their bond purchase program. Last week the initial shock from this inaction sent the home loan interest rates down. This week, the rates continued their decline.
camera press conference
Sep, 19, 2013
The Federal Reserve’s decision to continue making bond purchases and not begin their proposed tapering plan impacted mortgage interest rates heavily this week. Rate reports provided by loans.org show that all three interest rates decreased at least 20 basis points for the week ending Sept. 19, 2013. The 30-year fixed-rate mortgage averaged 4.24 percent, a significant drop from 4.47 percent reported last week. The 15-year FRM averaged 3.26 percent. This mortgage interest rate is down from 3.45 percent set last week.
elderly couple reviewing financial documents
Sep, 18, 2013
Mortgage loan refinances are available for borrowers as a way to capture a lower interest rate, but they only assist those that can gain approval. Over seven million American homeowners are underwater on their mortgage loan. Although a recent CoreLogic report found that 2.5 million homeowners have risen out of this status in the second quarter of 2013, there are millions left that have been rejected. Loans.org spoke with some of these homeowners about the failed refinance process and additionally with real estate experts about why consumers are routinely rejected.
real estate agent home
Sep, 5, 2013
Mortgage loan interest rates remain high this week according to Sept. 5, 2013 rate reports provided by loans.org. Despite recent increases, real estate agents urge consumers to take advantage of the rates now before they grow further. This week the 30-year fixed-rate mortgage averaged 4.51 percent, an increase from 4.39 percent reported last week.
Stocks interest rates
Aug, 29, 2013
Home loan interest rates reduced across the board due to continued economic conflict and uncertainty in the housing market. According to reports provided by loans.org, all three interest rates decreased at least 10 basis points for the week ending Aug. 29, 2013.
Hand in clouds home car
Aug, 22, 2013
Fixed rates grew significantly this week while adjustable rates remained calmed, according to rate reports provided by loans.org.

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