Mortgage rates slipped after the news that Americans shopped less than expected in March. It also backed the belief that the Federal Reserve will further delay increasing the federal funds rate, which is near zero and is a benchmark for interest rates on business and consumer loans, including mortgages. "We're thinking September, and I won't rule out December or even next year," says Paul Edelstein, director of U.S. financial economics at IHS. "June is more or
Shopping for a home or a mortgage? Download Bankrate's mortgage app for up-to-date mortgage rates, loan calculations and more. About the Bankrate.com Rate Trend Index Bankrate.com surveys experts in the mortgage field to see if they
New home sales disappointed in March, falling 11.4 percent, while the volume of mortgage applications fell 2.3 percent last week from the previous one, according to the National Mortgage Bankers Association. That included a 4 Results of Bankrate.com's April 29, 2015, weekly national survey of large lenders and the effect on monthly payments for a $165,000 loan: . LinkedIn; Delicious; Reddit; Stumbleupon; Email story Create a news alert for "mortgage".
Weekly national mortgage survey. Results of Bankrate.com's Jan. 28, 2015, weekly national survey of large lenders and the effect on monthly payments for a $165,000 loan:
"This week alone, I have had 16 new purchase-money mortgage loan requests come in since Monday," says Scott Sheldon of Sonoma County Mortgages. Much of the demand is from first-time homebuyers, he says, who are
But new options now empower seniors to tap smaller amounts of equity in a more affordable way, according to Peter Bell, president of the National Reverse Mortgage Lenders Association, a group in Washington, D.C., that represents lenders and The trade-off, due to the lower MIP and other program changes, is a 10 percent to 18 percent reduction in the maximum loan amount allowed on the saver option, and 1 percent to 5 percent on the standard option, depending on the
A new study from TransUnion analyzed the makeup of consumers' debt loads from March 2005 and to March 2014, and among all age groups, student loan balances surged ahead those of auto loans, credit cards and personal loans. of all other loan types except auto dropped, indicating that student loans may be crowding out most other loan types,” said Charlie Wise, vice president in TransUnion's Innovative Solutions Group, in a news release about the data.
LinkedIn; Delicious; Reddit; Stumbleupon; Email story. More On VA Loans: Mortgage calculator · Options to refinance into a VA home loan · VA loans offer good deals · Create a news alert for "mortgages". "Most reservists are qualifying under active duty," says Michael Frueh, loan guaranty director for the Department of Veterans Affairs. Reservists, members of the National Guard and loan. The form can be submitted online. . Homeowership rate down for all groups.
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