There’s a saying that, if all you have is a hammer, everything looks like a nail. For decades, the Federal Reserve wielded only a hammer as it maintained monetary policy. Then, five years ago, it borrowed a screwdriver. Today, we saw a sign that the Fed won’t return the screwdriver it borrowed.
Regulators are scaring lenders away from approving loans to deserving borrowers.
Mortgage loan limits will rise in 18 counties next year but remain the same elsewhere.
Regulators must stop choking the housing recovery, the Mortgage Bankers Association president said today.
Brad Sorensen: What I would tell just a regular retail investor is that it’s important to look past and not pay too much attention to all the noise we give in the near term.
The message is “one one hand … on the other hand” for all of our guests as they discuss the economic outlook for 2014, mortgage rates, health insurance and garage sales.
Is QE3 like performance-enhancing drugs or booze? And how long will the respite last in mortgage rates? Bankrate’s Greg McBride and Mark Hamrick explain.
If you have been approved for a mortgage, and you plan to close within the next few weeks, and you haven’t locked a rate yet, you should lock. Preferably today.
Thomas Perez, the newly sworn-in secretary of labor, says employment is headed in the right direction, although too slowly.
This week’s podcast features car sales, college credit for employee training, the outlook for interest rates, and the awesome boost you get to your credit score when your credit report is corrected.