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:

Mortgage Income Requirements in 2015 Will Be Driven by New Rules

New government rules have mortgage lenders checking, and double-checking, the income status of borrowers. Now more than ever, lenders want to ensure that home buyers have the ability to repay their loan obligations. It’s a sign of the times. So, how much do you need to earn to buy a house these days? Here’s an […]

30-Year Mortgage Rates Could Average 4.6% Next Year, Says Economist

A prominent U.S. economist issued a prediction for average mortgage rates today. Frank Nothaft, chief economist for mortgage-buying giant Freddie Mac, recently stated that 30-year mortgage rates could average 4.6% next year. He also said the average rate will likely be higher at the end of 2015 than at the beginning, perhaps reaching 5.0% by […]

2015 HARP Update: Current Requirements for Government Refinancing Program

The Home Affordable Refinance Program, or HARP, has helped hundreds of thousands of homeowners refinance into more affordable home loans. Many homeowners who use the program are underwater, meaning they owe more on their mortgages than their homes are worth. The HARP refinancing program has undergone a handful of changes since it was first rolled […]

Should You Refinance Your Home Loan in 2015?

Mortgage rates have been low for the last two years, but they are projected to rise gradually over the coming months. This leaves a lot of homeowners asking the question: Should I refinance my home in 2015? This article explains how to calculate your savings.

Mortgage Credit-Score Requirements for 2015, Based on Lender Feedback

It’s getting close to the end of the year. That means it’s time for one of our annual traditions — lender surveys. We recently surveyed 21 mortgage companies across the United States to see what kind of credit-score requirements they would have in place in 2015. Here’s a summary of what they told us.

Is it Easy or Hard to Get a Home Loan in 2015? Here’s What HUD Says

It seems to be the new mission statement among our nation’s housing officials: We need to expand access to credit for responsible borrowers. Loosely translated: It should be easier, not harder, for such people to qualify for a home loan.

Update: 2015 Down Payment Requirements for Conventional Mortgage Loans

There have been two noteworthy developments in recent weeks, where mortgage down payments are concerned. They will affect borrowers who are shopping for a home loan in 2015. In light of these recent developments, we thought it was time to publish an update on the subject. Here’s what borrowers should know about mortgage down-payment requirements […]

30-year Mortgage Rates Chart Shows Biggest Jump in Months

Mortgage rates took a big jump last week, after a period of relative stability that lasted several months. This is according to the weekly market survey conducted by Freddie Mac, the government-controlled entity that buys and sells loans in the secondary market. The mortgage rate chart above was released on Thursday, September 18. The stable […]

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 […]