Very Low Mortgage Rates and Stronger Purchase Activity Drive Mortgage Applications Up
Last week, due to a huge drop in mortgage rates, the number of Americans applying for mortgages increased slightly over the previous week, according to a report released today by the Mortgage Bankers Association (MBA).Read More

Mortgage Rates Drop on News of Fed’s $800 Billion Housing Plan
Get ready for an early holiday present, dear consumers.Read More

Existing Home Sales Decline Despite Homes Becoming More Affordable
The National Association of Realtors announced today that existing home sales in October were down 3.1 percent as compared to September 2008.Read More

Home Improvements May Come With Tax Credits
Making home improvements? With economic and election news dominating recent headlines, you might have missed some important information affecting homeowners like you. Most importantly, several tax credits for certain home improvements were just added or renewed. Make sure you are taking advantage of all of these home improvement tax credits!Read More

Mortgage Applications Drop, Despite an Increase in Refinancing, in Latest Report
The number of Americans seeking a mortgage to purchase a home fell, while applications for those seeking to refinance increased, according to this morning’s Market Composite Index, released by the Mortgage Bankers Association (MBA).Read More

Government Announces Loan Modification & Foreclosure Prevention Plan
On Tuesday, the Bush Administration laid out a plan to rescue struggling homeowners and put an end to the crippling housing market. The plan is based around the mortgages held by now government-run Fannie Mae and Freddie Mac. The details of the plan are as follows...Read More

Mortgage Applications Surge in Latest Report, Americans Turning to Security of FHA loans
Americans are showing a renewed interest in refinancing their mortgages and purchasing new homes according to this morning’s Market Composite Index, released by the Mortgage Bankers Association (MBA).Read More

VA Loans are the Top Mortgage Choice for Veterans and Military
Today is Veterans Day and it’s a special time for the millions of American men and women who have served (or still serve) in the U.S. Military. One of the top military benefits is the VA loan and here is why.Read More

Mortgage Loan Activity Drops 20.3%
The number of Americans seeking a mortgage to purchase a home or refinance an existing loan fell more than 20% last week, according to a weekly report issued today by the Mortgage Bankers Association (MBA).Read More

How are Mortgage Interest Rates Affected by the Presidential Election
With change on the horizon after last night's election, it's only natural to wonder what "change" will come to the mortgage market as a result. Furthermore, what change to mortgage interest rates have U.S. elections stirred up in the past? We always hear rumblings about mortgage interest rates dropping after an election, but is there any truth to it? Should you refinance now, or wait it out a couple months for rates to drop? In order to find out, some number crunching is in order.Read More