U.S. Housing News

Mortgage News

The Mortgage News blog is an educational service provided by the publishers of the Home Buying Institute. Each week, we bring you the latest mortgage news from around the United States and help you put it into perspective. We provide information relating to loan rates, regulations, industry developments and more.

Here are the latest stories:

2015 Mortgage Rate Predictions from 3 Expert Sources

Is it too early to offer mortgage rate predictions and analysis for 2015? We think not. In fact, research shows that most borrowers begin studying the market months before they actually close on a loan. So we have compiled several forecasts for next year, to give you a head start.


Mortgage Qualification Trends in 2014, Based on Lender Feedback

Wondering what it takes to qualify for a home loan in 2014? You’re not alone. Of all the questions we receive each week, roughly 70% of them have to do with mortgage qualifications and requirements in 2014. In short, people want to know what it takes to get a loan these days. So we put […]


Texas Mortgage Assistance Programs Give Buyers a Leg Up

This article provides an overview of mortgage assistance programs available to home buyers in the state of Texas. Some of them are limited to first-time buyers, while others are open to a broader pool of candidates. Most of them provide financial aid to help borrowers cover the cost of down payments and closing costs.


Overview of Government Mortgage Help Programs in 2014

Many home buyers are stymied by the upfront costs that come with buying a house, such as the down payment and closing costs. The good news, for some, is that various government agencies offer help in the form of grants, low-interest loans, and other types of support.


Mortgage Lending Standards Could Ease Further, As a Result of Rule Change

Are easier mortgage lending standards on the horizon? It’s possible. Earlier this week, the Federal Housing Finance Agency (FHFA) announced a rule change that could cause lenders to relax their criteria for borrowers. It is scheduled to take effect in July 2014.


New Mortgage Lending Laws Not Such a Big Deal After All

We wanted to know how the new lending rules (Qualified Mortgage and Ability to Repay) have affected the industry. So we asked a few lenders about it. As it turns out, QM and ATR haven’t changed much at all, aside from creating a few additional paperwork hurdles. Get the full story inside.


Current 5-Year Mortgage Rates Same as January, Still Hovering Near 3%

At the end of last year, many economists and housing analysts were predicting a steady rise in mortgage rates throughout 2014. But that hasn’t happened. In fact, interestingly enough, the current average rate for a 5/1 ARM loan is exactly where it was at the start of the year. So much for crystal balls.


Key Economists: Mortgage Rates Will Keep Rising Through End of 2014

What has two digits, a decimal point, and is expected to reach 5.0% by the end of 2014? It’s the average interest rate assigned to a 30-year fixed-rate mortgage (FRM). A recent prediction by economists with Freddie Mac called for slowly rising mortgage rates between now and the end of this year — and through […]


Product Alert: 3% Down Payment With No Mortgage Insurance at TD Bank

In an effort to drum up more business within its East Coast base of operations, TD Bank has announced a new type of loan with some pretty significant benefits. Borrowers can make a down payment as low as 3% without having to pay for private mortgage insurance (PMI), which is typically required on such loans.


How Much Does Private Mortgage Insurance Cost in 2014?

Shopping for a home loan? Will your down payment be less than 20% of the home value? If you answered yes to both of these questions, there’s a good chance you’ll have to pay for private mortgage insurance. And that will increase the size of your monthly payments. The question is, how much will it […]


U.S. Housing News