Latest Mortgage Rates

Latest Mortgage Rates

AHP

Where you go can make a big difference in whether you get a mortgage — or not. JPMorgan Chase, for example, turned down 33.6% of applications from prospective home buyers last year, according to data recently released by the Federal Financial Institutions Examination Council. So one in three potential borrowers walked away empty-handed. SunTrust Mortgage, on the other hand, denied only 11% of applications. Or just over one in 10 […]

Categories: MORTGAGES

Home loans cost more than they did last fall, but not as much as they did last summer. What’s behind all of the ups and downs we’re seeing in mortgage rates? The Federal Reserve, of course. Last fall, the government-controlled bank that manages the country’s monetary policy launched a new effort to boost the economy by driving down long-term interest rates. Mortgage costs fell to record lows last winter and […]

Categories: MORTGAGES

Avoid these costly home loan pitfalls A mortgage is the biggest debt most of us will ever carry, and a home is the most expensive purchase we will ever make. That’s why it’s so important to avoid pitfalls like making a major job change right before your home loan closes or failing to anticipate long-term home ownership costs. These mistakes and others can cause you to pay more than you […]

Categories: MORTGAGES

How much can you buy? Want to know how far your housing dollar will stretch in some of the nation’s largest cities? We went shopping for a median-priced home in four metropolitan areas that earned the best grades in our second annual Home Affordability Study and in four cities with failing marks. http://www.latest-mortgage-rates.com/wp-content/uploads/2013/12/2.jpg Scouring the market for homes that were within $10,000 of each city’s median price, we found houses with prices […]

Categories: MORTGAGES, Uncategorized

The Federal Reserve announced Wednesday it will slowly begin scaling back its effort to boost the U.S. economy, which has helped to keep interest rates low. That could be considered good news overall — it’s a sign the nation’s central bank believes the economic picture is clearly brightening — but it’s not such great news for anyone looking to buy a house in the next few months. The Fed decision could spur a […]

Categories: MORTGAGES