Mortgage payments rise twice as fast as interest rates



Buyers’ monthly housing costs are growing rapidly as mortgage rates have risen significantly since the beginning of the year. A recent Zillow analysis found that higher rates are responsible for about two-thirds of the increase in buyers’ monthly mortgage payments compared with what those costs would have been a year ago had home values remained […]

Most buyers still fail to shop around for a mortgage



A majority of home buyers could be leaving money on the table due to their failure to shop around for a mortgage. According to a new survey by PenFed Credit Union, two thirds of mortgage applications admit they did not shop around when buying a home. There’s also a great deal of confusion around mortgages, […]

Mortgage fraud is on the rise



A growing number of borrowers are becoming so desperate to qualify for a mortgage that they end up lying about how much they earn on their applications.

How Technology is Disrupting the Mortgage Market



Over the last few years, a new part of the financial services sector has been taking center stage in markets around the world. It is known by one overarching, simple term

Homeowners believe renovations are the best reason to tap home equity



With home prices on the rise in most parts of the country, homeowners are sitting on top of record amounts of home equity. But with most homeowners showing a reluctance to tap into that wealth, Bankrate.com says its latest survey shows plenty of reasons why it might be worth taking out a loan to unlock […]

Buyers are coming up with bigger down payments than ever before



As would-be buyers struggle to compete against each other due to a tigher-than-ever supply of available homes to buy, some are upping the ante by putting down larger down payments

Too much paperwork with mortgage applications, borrowers say



Home buyers wish the process of obtaining a mortgage could be both faster and less confusing. But at the same time, they’d also like more personal interaction

Relaxed rules boost “millions” of consumer’s credit scores



Millions of consumers’ credit scores have increased following an overhaul in the way the major credit report agencies factor in negative information about their histories.

Fannie Mae and Freddie Mac offer mortgage relief to California’s wildfire victims



Fannie Mae and Freddie Mac, the two government-sponsored entities that finance the majority of mortgages in the U.S., have announced relief for homeowners affected by the record-breaking wildfires currently affecting California. The two GSEs said borrowers living in disaster zones that have been officially declared as such by the Federal Emergency Management Agency may be […]

Zillow expands its business as it acquires Mortgage Lenders of America



Zillow is getting into the mortgage game as it bids to own more of the home buying process. The company has just acquired Mortgage Lenders of America to fuel its new bid,

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