Tag: Mortgage


Mortgage rates reach record lows again

News from OCRegister:

Earlier this week, Freddie Mac released the results of its weekly mortgage survey, showing average fixed mortgage rates hitting new all-time record lows for the second consecutive week.
The 30-year fixed-rate mortgage has averaged below 4 percent all but one week since Dec. 8, 2011, helping to keep homebuyer affordability high.

Cathy Haney [...]

Mortgage delinquency rate declines, but is still high

News from USA TODAY:

By Alex Veiga, Associated Press
Updated

LOS ANGELES – The percentage of U.S. homeowners behind on their mortgage payments dropped in the first three months this year to the lowest level since 2009.
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Some 5.78% of the nation’s mortgage holders were behind on their payments 60 days or more in the January-to-March quarter, [...]

Mortgage rates hit record lows

News from The Durango Herald:

WASHINGTON � Average U.S. rates for 30-year and 15-year fixed mortgages fell to record lows last week, offering more incentive for Americans to buy or refinance homes.

Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan fell to 3.84 percent, the lowest since long-term mortgages began in the [...]

620, 680 or 720? What credit score do you need for a mortgage?

News from KLJB:

By Kirk HaverkampProvided by
What kind of credit score do you need to qualify for a mortgage? A new survey of bank executives by the Federal Reserve provides some answers. 
It’s well-known that it’s harder to get a mortgage these days than it was back in the boom days of the housing bubble, when it [...]

Mortgage rates fall to new record lows

News from USA TODAY:

By MARTIN CRUTSINGER, Associated Press
Updated

WASHINGTON – Average rates for 30-year and 15-year fixed mortgages fell to new record lows this week.

By Steven Senne, AP
A home for sale in Newton, Mass., in September 2011.

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Mortgage buyer Freddie Mac said Thursday that the average interest rate on 30-year loans fell to 3.84%, lowest [...]

620, 680 or 720? What credit score do you need for a mortgage?

News from KNDO/KNDU:

By Kirk HaverkampProvided by
What kind of credit score do you need to qualify for a mortgage? A new survey of bank executives by the Federal Reserve provides some answers. 
It’s well-known that it’s harder to get a mortgage these days than it was back in the boom days of the housing bubble, when it [...]

Credit Scores and Mortgage Approvals

News from NASDAQ:

What kind of credit score do you need to qualify for a mortgage? A new survey of bank executives by the Federal Reserve provides some answers. 
It’s well-known that it’s harder to get a mortgage these days than it was back in the boom days of the housing bubble, when it seemed almost anyone [...]

Mortgage rates rise for 1st time in 4 weeks

News from San Francisco Chronicle:

Mortgage rates in the United States rose for the first time in four weeks, increasing borrowing costs as demand for housing is slow to recover.
The average rate for a 30-year mortgage climbed to 3.9 percent in the week ending Thursday from 3.88 percent, Freddie Mac said in a statement. The rate [...]

Need a Mortgage? Better Hope Your Credit Record Is Almost Perfect

News from TIME:

Illustration by Alexander Ho for TIME

Credit requirements for home loans have remained very restrictive even as banks are offering credit cards and car loans to riskier borrowers. This has been pretty well-documented, but until now, nobody had actually crunched the numbers to figure out just how good your credit needs to be if [...]

Qualifying for a mortgage has gotten much tougher, analysis shows

News from Los Angeles Times:

WASHINGTON — How do you stack up as a potential mortgage candidate in this year’s increasingly tough underwriting environment? Do you have the right stuff — credit score, debt-to-income ratio, equity or down payment — to get you through the minefield?
A new statistical analysis, based on a large sample of all [...]

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