Mortgages Blog

Thursday, December 9, 2010 11:24 am
By Holden Lewis · Bankrate.com

Mortgage rates hit a high last seen in early June in this week’s Bankrate.com survey. Marcie Geffner investigates why. The 30-year fixed has gone up almost half a percentage point in five weeks. I don’t think I’ve seen a complete and convincing explanation for why mortgage rates have risen so quickly. Geffner mentions the Fed’s

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Monday, December 6, 2010 10:00 am
By Jay MacDonald · Bankrate.com

Did you hear the good news? Robogate is over. Fannie Mae and Freddie Mac gave real estate agents the green light last week to go ahead and resume selling foreclosed homes after declaring a brief time-out to investigate some, um, irregularities on the documentation front. And so, casually, perhaps wistfully, we bid adieu to the

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Tags: Mortgages
Friday, December 3, 2010 1:31 pm
By Marcie Geffner · Bankrate.com

The Obama administration has released its November 2010 “Housing Scorecard” report. The report came out with an accompanying press release that, like most such documents, is short on hard facts, but long on data snippets and canned quotes. The quotes, attributed to officials at the Department of Housing and Urban Development, or HUD, are heavy

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Friday, December 3, 2010 9:12 am
By Holden Lewis · Bankrate.com

Investors, economists and observers expected an upbeat employment report today. They didn’t get it. Mortgage rates are likely to stop rising as a result, and they might fall. Nonfarm payrolls grew by 39,000 in November, according to the Labor Department. According to Briefing.com, the consensus forecast was that nonfarm payrolls would register an increase of

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Thursday, December 2, 2010 10:41 am
By Holden Lewis · Bankrate.com

Mortgage rates climbed to their highest level since July, according to Bankrate’s weekly mortgage analysis, in which Marcie Geffner explores why rates are rising in this time of quantitative easing. Rates are even higher today than they were yesterday morning, when Bankrate’s research department was gathering the data. Our researchers caught rates on an elevator

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Tuesday, November 30, 2010 11:59 am
By Holden Lewis · Bankrate.com

WikiLeaks will release thousands of documents from “a big U.S. bank” early in 2011, the site’s founder promises. In an interview with Forbes.com, WikiLeaks founder Julian Assange compares the upcoming bank megaleak to the Enron e-mails. “You could call it the ecosystem of corruption,” Assange says, adding that “there will be some flagrant violations, unethical

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Tags: Mortgages
Tuesday, November 30, 2010 11:07 am
By Holden Lewis · Bankrate.com

Big-city home prices went down in the third quarter of this year, after having risen during the second quarter, when folks were scrambling to seize the homebuyer tax credit. The national home price index fell 2 percent from July through September, according to the S&P/Case-Shiller indexes. During the second quarter of this year, the national

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Monday, November 29, 2010 1:42 pm
By Holden Lewis · Bankrate.com

For mortgage rates, the most important item on this week’s economic calendar is Friday’s release of the November employment report. A better-than-expected report could lead to an increase in mortgage rates. If the jobs report is worse than expected, there’s a chance that mortgage rates could fall. But rates already are low, so a bad

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Wednesday, November 24, 2010 7:52 am
By Holden Lewis · Bankrate.com

Mortgage rates fell this week, just a little, Marcie Geffner writes in this week’s mortgage analysis. Benign news on consumer prices seems to have had something to do with it. In this week’s Rate Trend Index, a plurality of voters expect mortgage rate to remain relatively unchanged over the next week. That’s my view, too,

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Monday, November 22, 2010 10:00 am
By Jay MacDonald · Bankrate.com

Now that “robosigners” have flooded state courts with rubber-stamped foreclosures, is it any wonder that the courts have responded with their own version of an express lane? In the latest issue of Rolling Stone, investigative reporter Matt Taibbi profiles the workings of one such “rocket docket” here in Florida, where newspaper exposés of demented foreclosure

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