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Homeowners Use Tax Refunds as Lifeline

Homeowners Use Tax Refunds as Lifeline

The foreclosure picture continues to improve in the U.S., according to the recently released Black Knight Financial Services Mortgage Monitor. An increase in cure activity, defined as a borrower paying their mortgage current from some stage of delinquency or...

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Mortgage rates are flat this week

Mortgage rates are flat this week

Mortgage rates held steady this week, pausing ahead of the Federal Reserve meeting and Friday’s employment report. As expected, the central bank did not raise its benchmark rate when it met earlier this week. The news, however, came too late to influence Freddie Mac’s...

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5 Reasons Rising Interest Rates Are Good

5 Reasons Rising Interest Rates Are Good

If a real estate buy is in your near future, rising interest rates are bad news. Or so you thought. Rising interest rates are not necessarily evil, however. This post explains how an increase in rates won't necessarily thwart your home-buying ambitions, and how...

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Credit, debt dings don’t always doom mortgage applications

Credit, debt dings don’t always doom mortgage applications

How tough is it to get approved for a mortgage? How low can your FICO credit score go before your lender shows you the door? And how much monthly debt can you be shouldering — credit cards, student loans, auto payments — but still walk away with the mortgage you're...

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New U.S. Home Sales at 10-Month Low as Mortgage Rates Rise

New U.S. Home Sales at 10-Month Low as Mortgage Rates Rise

Purchases of new U.S. homes fell in December to a 10-month low, suggesting the post-election jump in mortgage rates pushed out potential buyers. Single-family house sales dropped 10.4 percent, the most in almost two years, to a 536,000 annualized pace, Commerce...

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