Mortgages Blog

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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Monday, November 22, 2010 9:59 am
By Holden Lewis · Bankrate.com

This week’s economic calendar is squeezed into two days — Tuesday and Wednesday. None of this week’s data will influence mortgage rates much. The first  item is Tuesday’s second estimate of gross domestic product in the third quarter. According to Briefing.com, the consensus is that the economy grew at a 2.4 percent annual rate in

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Thursday, November 18, 2010 4:17 pm
By Holden Lewis · Bankrate.com

I’m going to answer questions about today’s mortgage market in a live chat at 2:30 p.m. eastern time Friday, Nov. 19. It’ll last half an hour. West Coasters, take an early lunch and log on. It will be here. You can sign up there now for an email reminder shortly before the chat begins.

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Tags: Mortgages
Thursday, November 18, 2010 1:44 pm
By Holden Lewis · Bankrate.com

Fewer people were late on their mortgage payments during the third quarter of this year, according to the Mortgage Bankers Association. At the same time, there was an increase in the number of loans entering foreclosure. The decrease in mortgage delinquencies is a sign of an improving economy, says Michael Fratantoni, the association’s vice president

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