Personal Finance Advice and Commentary

Monday, July 25, 2016 1:13 pm
By Holden Lewis · Bankrate.com

Housing is unaffordable for too many people, and government can help, according to the Democratic Party’s platform.

Wednesday, July 20, 2016 5:30 pm
By Claes Bell · Bankrate.com

See this week’s average rates for the 30-year fixed-rate mortgage, 15-year fixed-rate mortgage, 5/1 ARM and 30-year jumbo mortgage in metro Detroit.

Wednesday, July 13, 2016 11:51 pm
By Holden Lewis · Bankrate.com

Mortgage rates have fallen to near record lows since last month’s Brexit vote, and many homeowners are refinancing. There’s more than just 1 way to refinance. Here are some of your options.

Monday, July 11, 2016 4:43 pm
By Holden Lewis · Bankrate.com

A reader named Oscar notices that mortgage rates are near all-time lows. He asks: Mr. Lewis, what about people with less than a year-old loan — a 30-year fixed at 4%? Probably refinancing at 3.25%. Would it be worth the time on line in the bank? That’s a $174 monthly payment difference. Based on what

Friday, July 08, 2016 11:47 am
By Holden Lewis · Bankrate.com

Home-shoppers, be cheerful: Job growth in June was surprisingly high, but the news hasn’t had much effect on mortgage rates. They’re staying near record lows. Read this week’s mortgage analysis, in which the 30-year-fixed fell to just shy of its all-time low at 3.52%. RATE SEARCH: Ready to shop for a mortgage? Find the best

Wednesday, July 06, 2016 11:35 am
By Holden Lewis · Bankrate.com

The 30-year, fixed-rate mortgage fell this week to just above its all-time lowest level. And people already are taking advantage, flooding mortgage companies with refinance applications. The benchmark 30-year fixed averaged 3.52% this week. The record low is 3.5%, set in December 2012. I’m betting that it will go even lower. At the same time,

Wednesday, July 06, 2016 11:25 am
By Holden Lewis · Bankrate.com

Mortgage rates are at or near record lows. It’s a good time to refinance a mortgage, especially if you got your mortgage more than 5 years ago and you haven’t refinanced since then. Mortgage rates have fallen along with the yield on the 10-year Treasury note, which fell to its lowest-ever level Tuesday, to 1.367%,

Wednesday, June 29, 2016 4:47 pm
By Holden Lewis · Bankrate.com

Lenders say they have seen an increase in refinance applications since the United Kingdom voted to exit the European Union.

Friday, June 24, 2016 12:46 pm
By Holden Lewis · Bankrate.com

Lock your mortgage rate now because today’s rate plunge might not last long. That’s today’s advice from mortgage brokers and loan officers.

Wednesday, June 22, 2016 3:21 pm
By Holden Lewis · Bankrate.com

More than a million dwellings needed to be built last year just to keep up with the new households that were created. Yet only 620,000 new housing units were completed, meaning that the nation fell short by 430,000 homes. And that’s just in 1 year. So says Laurie Goodman, codirector of the Urban Institute’s Housing

Page 1 of 5112345...102030...Last »