During an interview with CNBC this morning, Ara Hovnanian of K. Hovnanian Homes expressed that he’s not worried about higher mortgage rates hurting the housing… Read More »Hovnanian: Higher Mortgage Rates Will Just Lead to Smaller Homes
I feel like I’ve been going on and on about mortgage rates lately, but for good reason. After hovering at or near record lows for… Read More »Look: Mortgage Rates Are Still Historically Cheap
While your neighbor’s home loan may be none of your business, how they choose to finance their property can affect your home’s value. A new… Read More »Why You Should Care About Your Neighbor’s Mortgage
Over the past couple weeks, mortgage rates have risen roughly 1% across the board. If you look at Wells Fargo’s mortgage rates, which I highlighted… Read More »Watch Out for the Adjustable-Rate Mortgage Pitch
A Yahoo! Finance blogger named Rick Newman claims Ben Bernanke cost him $53,000 on his recently acquired mortgage. The issue revolves around the latest testimony… Read More »Blogger Claims Bernanke Made His Mortgage $53,000 More Expensive
Anytime someone is looking to save you money, you should probably be skeptical, really skeptical. After all, it’s one thing to seek savings on your… Read More »Bank of America Panned for Unattractive Refinance Offer
In a rather odd interview on CNBC Thursday, Zillow CEO Spencer Rascoff said it’s “definitely a great time to sell.” This despite the fact that… Read More »Zillow CEO Says Don’t Wait, Best to Sell Home Now
To say the last couple weeks have been bad for mortgage rates (and consumers) would be an enormous understatement. In fact, over the past month… Read More »Mortgage Rates Experience Largest Single-Week Increase Since 2011
In mid-2013, the FHA implemented a major change to its loan program that requires the annual mortgage insurance to be paid for the life of… Read More »Many FHA Loans Now Require Mortgage Insurance for Life
A new study from Fed researcher Steven Laufer puts a lot of the mortgage crisis blame on cash out refinancing, which swelled in popularity as… Read More »New Study Blames Cash Out Refis for Mortgage Crisis
