Nearly half of homebuyers don't shop for a mortgage
A home is one of the costliest purchases most consumers make, but half of them don't check with more than one mortgage lender to find the best deal.
Mortgage rates plummet as lenders bid for business after demand decreased at end of 2014
The average interest rate for a two-year fixed rate home loan with at least a 25 per cent deposit was just 2.08 per cent in December. Demand dropped partially due to tough new lending rules.
Mortgage company beefs up staffing to prepare for Obama's FHA mortgage insurance rate cuts
INDEPENDENCE, Ohio, Jan. 12, 2015 /PRNewswire-iReach/ — NLC Loans™ is excited to announce ramped up staffing in response to the impending cuts to FHA mortgage insurance premiums initiated by President Obama on Thursday. The Ohio-based company's personal mortgage advisors and customer service associates are ready to assist both potential and existing homeowners take advantage of savings that …
Mortgage REIT highlights: A mixed jobs report
Last week had some key data for the REIT sector, starting with the FOMC minutes on Wednesday. The minutes were taken as slightly dovish.
Newly aggressive FHA puts squeeze on private mortgage insurers
Private mortgage insurers in the United States may have to cut premiums to better compete with the Federal Housing Administration, which plans to reduce premiums in the government's latest attempt to encourage …
We Already Know Where Mortgage Rates Are Heading in 2015
NEW YORK ( MainStreet ) — Average 30-year-fixed mortgage rates are running just a tad above their 3.31% all-time lows, but economists predict 2015 will be the last hurrah for sub-4% home loans — and possibly even for sub-5% ones, too.
Mortgage rates tumble
Average interest rates on fixed-rate mortgages fell this week to their lowest level since May 2013, Freddie Mac said Thursday.
Mortgage rates fall to lowest levels in more than 19 months
The 30-year fixed-rate average drops 14 basis points to 3.73 percent, its lowest level since May 2013.
Atrium Mortgage Investment Corporation Announces Increase in Monthly Dividend
TORONTO — Atrium Mortgage Investment Corporation is pleased to announce that its board of directors has approved an increase in its regular monthly dividend for 2015. The board has declared a monthly …
Record-Low Mortgage Rates Seen Luring Back Buyers: Japan Credit
Mortgage rates in Japan have fallen to record lows, bolstering forecasts for a rebound in the residential market dented by April’s sales tax increase.