The homeownership rate keeps sinking. Now it’s at its lowest level since 1994.
Mortgage rates are influenced by bond prices, and when bond prices go up, yields and interest rates go down. But why? Here’s a brief, simplified explanation.
A bunch of agencies are trying to expand the number of would-be homeowners who can qualify for mortgages. But I’m skeptical that these efforts will help many people.
I have an idea: Let’s set up a network of mortgage inspectors.
In 10 months, it’s going to be easier to shop for a mortgage. And those intervening 10 months aren’t going to be easy at all for mortgage companies.
Beginning Aug. 1, 2015, the Good Faith Estimate and Truth in Lending statement will be replaced by one brand-new document called the Loan Estimate. The new disclosure is a big improvement.
The new housing secretary delivered his first major speech since taking office. What’s his top priority? He doesn’t say.
Regulatory agencies believed it was necessary to alert banks that some of their customers will soon have trouble paying off their HELOCs.
What’s good for job-seekers is bad for mortgage shoppers. So today’s positive employment report is negative news for people who didn’t lock a mortgage rate earlier in the week.
It’s the confusing time of the month, when corporations, lobbyists and federal regulators trumpet their stats on home sales and home prices.