Recent News

Foreclosures : The Last “Great Deal” In Housing Is Endangered

The number of foreclosed homes for sale is dwindling, yet buyer demand for them surges. Remember that highly-publicized, 25% discount for buying a bank-owned home? It's about to go away. If you're looking at foreclosures, here's where to find them.

The HARP Refinance Checklist : Get HARP-Approved More Quickly

On Nov 15, the government will release the details of its new HARP refinance program. By Dec. 1, lenders will be accepting applications. Early applicants are expected to get the lowest mortgage rates.

Cash-In Mortgages : Could You Have “Gone Jumbo” Instead?

Cash-in mortgages are in demand, but are they right for you? Check your alternatives first including FHA Streamline Refinance, HARP II, and the jumbo market.

Credit Score Under 740? Prepare To Overpay On Your Mortgage.

Most people know that low FICO scores influence the mortgage rates for which they're eligible. For the past 3 years, though, they've raised closing costs, too.

Are Banks Holding Today’s Mortgage Rates Artificially High?

Mortgage rates are ultra-low these days, but they ought to be lower. Mortgage lenders may be holding mortgage rates artificially high.

Mortgage Rates Could Balloon After Wednesday Greece Outcome

It's a single-focus market, folks, and Greece is the word. If you're shopping for mortgage rates, heads-up.

What To Expect From The Revamped HARP Refinance Program

The HARP mortgage program will be revamped soon, government officials say. A lot more homeowners will be HARP-eligible. Here's what you need to know about the upcoming changes.

Buy A Foreclosed Home, Get A Great, Low Mortgage Rate

With each passing month, there are fewer and fewer foreclosures nationwide. Foreclosures are down on a year-to-year basis for the 12th straight month.

Synthetic Mortgage Rates In Printed Newspapers

The newspaper is a bad place to research for mortgage rates -- conforming, FHA, USDA or otherwise. The rates are "not real" and based on lofty assumptions.

Want Low Mortgage Rates? Get In Before The Government’s “Mass Refinance” Program Begins.

The government's revamped HARP program will create a surge in mortgage demand. Banks aren't equipped. Here's how you can beat the system and get lower rates.

October 2011 : Adjustable-Rate Mortgage Rates Scrape Rock-Bottom

With adjustable-rate mortgage rates available under 3 percent, it's a terrific time to look at ARMs.

Chart : How Does A Foreclosure, Missed Payment, And Maxed-Out Credit Card Change Your FICO Score

The company behind the FICO scoring model published a "What If?" series for common, specific credit missteps. See how your scores can change with a foreclosure, missed payment, maxed credit card, and more.

Mortgage Rates May Have Bottomed; Jobs Report Expects 60,000 Net New Jobs

Conforming, FHA, and USDA mortgage rates are rising. Will Friday's jobs report make them spike?

Chart : Your Home Purchasing Power Soars On Low Mortgage Rates

In 2011 -- for the same monthly payment -- you can borrow 77% more than you could in 1991. Buying a home is a relative bargain right now.

Mortgage Rates : Make Your Own Luck To Land Low Rates

When it comes to shopping for low mortgage rates, you're at the market's mercy and the market is merciless. Want to give yourself an advantage? Read on...

5-Year ARM Falls Below 3 Percent

The 2011 Refi Boom's Second Wave has started. 5-Year ARMs are leading the charge. Assuming discount points are paid, ARMs are now below 3 percent.

“Lock it Or Lose It” : Mortgage Rates Changing Quickly

Mortgage rates continue to change at a frenetic pace. If you're not locking your rate, you're losing your rate.

Foreclosures As A Percentage Of All Home Sales, By State

In some states, more than half of home sales are for homes in foreclosure. Where does your state rank?

30-Year Fixed Rate Loans Less Popular With Refinancing Homeowners

If you're like a lot of U.S. homeowners, when you refinance, you'll choose a shorter-term mortgage. 30-year loans are less popular these days. And think of all the money you'll save.

Mortgage Rates : Through The Lens Of A Greek Philosopher

Owing to Aristotle, we know that low mortgage rates won't last forever. Here's what rate shoppers can learn from Greek philosophy.