The Fed Might Begin Tapering, however Mortgage Charges Play by Their Personal Guidelines

The Federal Reserve is lastly planning to taper off its mortgage-bond shopping for, so traders and homebuyers may be anticipating some huge swings in mortgage charges. However, as with nearly … Read More

4 Residential Mortgage REITs “in Limbo,” says Keefe, Bruyette & Woods

Textual content measurement 4 publicly traded automobiles that spend money on residential mortgages are actually “in limbo,” says Keefe, Bruyette & Woods. One problem for would-be buyers now is determining … Read More

Mortgage REITs Come Under Stress That Even the Fed Might Not Be Able to Ease

Text size Photograph by Sean Gallup/Getty Images Some publicly traded mortgage funds are showing signs of stress, demonstrating just how big the disruption to financial markets has been. We’re referring … Read More

Mortgage rates go up slightly as some lenders tighten restrictions on who qualifies for a home loan

Mortgage rates went up slightly this week — an indication that mortgage firms are changing their lending operations in response to the coronavirus. The 30-year fixed-rate mortgage averaged 3.33% during … Read More

Struggling Borrowers Want To Pause Their Mortgage Payments. It Hasn’t Been Easy.

Struggling homeowners are flooding their mortgage companies with requests for help as the coronavirus pandemic wrecks the economy. Many are having a hard time getting it. Homeowners say they are … Read More

What Happens to the Mortgage When Your House Burns Down

If your house goes up in flames, does your obligation to pay your mortgage go with it? Borrowers are bound by the promissory note they sign at the closing of … Read More

Where mortgage payments take the smallest bite out of people’s bank accounts

It’s getting tough to afford a place to live — but residents of the nation’s capital are better placed than their peers in other cities. People in Washington, D.C., have … Read More

Financial institution of America’s Latest Mortgage: 3% Down and No FHA

Financial institution of America Corp. BAC -2.34% is rolling out a new-mortgage product that might enable debtors to make down funds of as little as 3%, in a transfer that … Read More

Wells Fargo to Provide Low-Down-Fee Mortgages With out FHA Backing

Wells Fargo WFC 2.72% & Co. is rolling out a brand new mortgage for debtors making minimal down funds, an providing that would enable the financial institution to step again … Read More

The Fed dropped interest rates to 0% — what that means for your credit cards and bank accounts

The Federal Reserve’s decision to cut interest rates to zero isn’t good news for savers — or spenders. The Fed said Sunday that it was cutting its benchmark federal funds … Read More