Mortgage Insights

Get the latest mortgage news and other insights into the home loan industry from the at Bank of Internet USA.

 

Volatility Spills Over Into Mortgage Market

Jan 13, 2017 - US mortgage rates experienced a mixed day on Thursday. For a variety of reasons, variations between lenders have been bigger than usual over the last 24 hours. It started yesterday, when bond markets improved enough to prompt a significant number of lenders to issue better rate sheets by...

Full Story

MBA Reports Slight Increase in Mortgage Applications

Jan 12, 2017 - After dropping sharply over the festive season, which is not uncommon, there was a strong rebound in mortgage applications during the week ending January 6.   According to the latest Weekly Mortgage Applications Survey published by the Mortgage Bankers Association, application volume rose by...

Full Story

Is the Foreclosure Epidemic Finally Drawing to a Close?

Jan 11, 2017 - CoreLogic reports that foreclosures are finally returning to where they were just before the financial crisis hit the country. The firm's November National Foreclosure Report places the number of foreclosures finalized during that month at 26,000. This is significantly lower than the 35,000 of...

Full Story

Home Buyers to Pay Less for Mortgage Insurance

Jan 10, 2017 - With mortgage rates increasing significantly over the past few months, those who plan to buy a home will be relieved to hear that the FHA is reducing the cost of mortgage insurance on the loans it backs.   Mortgage insurance premiums on FHA-insured loans are set to drop by 0.25% from January...

Full Story

A Newbie's Guide to Refinancing a House

Jan 9, 2017 - It is not just first-time home buyers or those getting ready to purchase a home who need to be aware of mortgage options. In many cases, refinancing your home can be a smart choice. Refinancing a house means the opportunity to take advantage of better rates and improved credit, and you can switch...

Full Story

123456Last