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...
Winterize home plumbing and avoid costly problems

Winterize home plumbing and avoid costly problems

When the first big winter storm hits, many people focus on prepping the outside of the home — shoveling snow, spreading salt, putting the winter tires on the car. Now that the first snow has melted, it’s the perfect time to take preventative steps indoors....

U.S. mortgage rates inch higher

If you’re searching for a mortgage, it’ll cost more this year than last. Interest rates on long-term, fixed-rate mortgages were slightly higher in the week ending Thursday, the Federal Home Loan Mortgage Corp. said. Interest rates rose on positive data from the...
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