Mortgage application activity slows down in week

U.S. mortgage activity dropped in the week ending Friday, contrary to expectations, the Mortgage Bankers Association said Wednesday. The MBA said mortgage activity dropped 8.5 percent while refinancing decreased by 11 percent in the week. However, bankers are...

Mortgage Rates Continue Their Decline

As shown on Mortgage News Daily, mortgage rates reached six-week lows on Jan. 20, averaging 4.5 percent for a 30-year fixed-rate home loan. The Federal Savings Bank thinks though rates were in a similar range during the previous week, the difference is about 0.03...

5 ways buying a house just changed

New mortgage regulations mandated by the Consumer Financial Protection Bureau went into effect this month. The rules are meant to hold lenders liable for bad loans and protect borrowers from loans they can’t afford. Here are five ways the rules affect a home...
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