Mortgages Archives

Is the Adjustable-Rate Mortgage Dead?
By: Jeff Brown

Take a glance at the latest BankingMyWay.com mortgage survey and you’ll see that rates on one-year adjustable-rate loans have gone up, while rates on 30-year fixed-rate deals are cheaper, with both hovering around 5%. It raises a question: Are ARMs suitable for anyone these days? Read more»

Mortgage Trends This Week: Nov. 16
By: Brian O'Connell

To get right to the point, mortgage rates are down again this week, scraping against historic lows as confidence in an economic rebound squares off against stock investors, who continue to bet on better times right around the corner. That has led to not only volatility in the stock market, which Wall Street usually treats like a trip to the dentist, but to uncertainty among banks, lenders and creditors. Read more»

March 2010: D-Day For Low Mortgage Rates?
By: Brian O'Connell

The Federal Reserve doesn’t “do” deadlines, preferring to shape policy much like the Colorado River shaped the Grand Canyon – gradually, but inexorably, over time. Read more»

Reverse Mortgage Scammers on the Loose
By: Brian O'Connell

Uh-oh, you knew this was coming. With more and more seniors looking into the reverse mortgage market, a new report warns that some of the most notorious players in the sub-prime world have moved over to the reverse mortgage market — and are setting up shop. Here’s what to look for so you don’t get fleeced. Read more»

Low-Rate Rules for Borrowers and Savers
By: Jeff Brown

The Federal Reserve plans to keep interest rates “exceptionally low” for an “extended period.” So how should you respond as a borrower or saver? Read more»

Mortgage Trends This Week: Nov. 9
By: Brian O'Connell

Some economic trade winds are beginning to pick up, threatening to take mortgage rates with them. A pickup in U.S. home sales, a stronger residential construction market and a stock market that has once again crested the 10,000 level have all been baked into the current mortgage rate trends cake. You’d think that might boost most — but not all — mortgage rates. But that’s not what happened. Read more»

4 Things You Should Know About FHA Loans
By: Miranda Marquit

FHA loans are more popular now than they have been for years. With mortgage lenders tightening their standards and requiring larger down payments, the 3.5% down payment required for an FHA loan seems down-right generous. Read more»

Mortgage Trends This Week: Nov. 2
By: Brian O'Connell

With both key fixed-rate mortgage indices holding firm this week, time may be finally running out on the long-running interest decline of 2009. Why would lower rates be on the clock? Inflation — finally — may be awakening from a long slumber, and waking up higher mortgage rates with it. Read more»

Mortgage Shopping? Save Money, Pay Points
By: Jeff Brown

Ask a mortgage shopper if he or she plans to pay points and you’re likely to get one of two reactions: a puzzled look or a snort of dismissal. But in today’s market conditions, paying points is worth serious consideration. It doesn’t make sense to take out a new mortgage unless you plan to keep it for a number of years, perhaps long enough to make points pay. Read more»

Your Blueprint for Buying a Condo
By: Brian O'Connell

If you’re out of a job, nervous you might lose one or have simply decided enough is enough, ditching that big McMansion and downsizing to a condo might be a good idea. Prices are low, inventory is high and you might sleep better at night knowing you have a smaller mortgage payment. Read more»

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