Personal Finance Advice and Commentary

If you are thinking of getting a mortgage and want to know what will happen to mortgage rates next year, keep your eyes on the Fed.

Why is it so hard to get approved for a mortgage these days? Because the mortgage industry is being over-regulated.

The percentage of delinquent mortgages declined and fewer loans were in foreclosure in the last quarter of 2011, says the Mortgage Bankers Association. About 7.58 percent of outstanding mortgages were past due in the fourth quarter, a decline of 41 basis points on the seasonally adjusted delinquent rate. When compared to the first quarter of