Mortgage Insights

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


Mortgage Rates Finally Take a Break After Recent Upsurge

Feb 17, 2017 - Over the past five business days, US homeowners have had very little to rejoice about, with mortgage rates steadily creeping higher. On Thursday, however, they finally found their footing again and some improvements were finally noted.   All of this did not happen at once. Yesterday’s first...

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December Foreclosures Lower Than Pre-Recession Average

Feb 16, 2017 - According to CoreLogic’s latest National Foreclosure Report, around 21,000 foreclosures were completed in December. This represented a drop of 8.1% compared with the figure of 23,000 recorded in November, and it was 40% lower than the 36,000 of December 2015. Moreover, it represented a drop of...

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Mortgage Rates Higher After Yellen Testimony

Feb 15, 2017 - After Federal Reserve Chairperson Janet Yellen’s testimony before Congress on Tuesday, US mortgage rates increased for the fourth consecutive day. Yellen’s testimony and the subsequent Questions and Answers session did not deliver any major surprises. However, bond markets, which underpin...

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Yellen Testimony Could Send Mortgages In Either Direction

Feb 14, 2017 - US mortgage rates reached their lowest levels in well over two months last Wednesday, but since then, they have moved higher for three consecutive days. This has brought rates more or less to the middle of their recent range, and they are poised to move either up or down in the next few days...

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Buying a House for the First Time

Feb 13, 2017 - There is a lot to know about buying your first home. You have to figure out your debt-to-income ratio, create a budget and determine your needs and wants. Then, you have to find a real estate agent and a lender to help you find and purchase your preferred property. How can you navigate this...

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