Mortgages Blog

Wednesday, December 15, 2010 9:43 am
By Holden Lewis · Bankrate.com

This won’t come as a shock to you, but I was wrong in last week’s Rate Trend Index, when I predicted that mortgage rates would fall in the coming week. “When mortgage rates move up or down in big steps, they usually overshoot,” I wrote. “That’s why I believe this jump in mortgage rates will

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Monday, December 13, 2010 10:14 am
By Holden Lewis · Bankrate.com

I spent Sunday in a self-congratulatory mood, as I reveled in the idiocy of other people. Smugness feels good. If you were designing a stadium in Minneapolis, would you make sure it could withstand a 17-inch snowfall? Of course you would. Heavy snowfalls in Minneapolis are predictable. So why did the Metrodome’s architects design an

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Tags: Mortgages
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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