5 Options for Avoiding Foreclosure

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+-*Falling behind on your mortgage payments may mean that foreclosure is around the corner—something everyone wants to avoid. Foreclosure damages your credit and can keep you from owning another home for years.  Here are 5 options you still have. Transfer the loan. If you’re less concerned with keeping your house than you are with keeping your […]

Current Mortgage Rates for Friday, April 17, 2015

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+-*As fits with the recent theme, mortgage bonds were close to unchanged at the end of the day yesterday, losing ground in the morning, and then rallying in the afternoon.  This morning MBS opened in the green, and then promptly sold off, and are now sitting right around unchanged.  I would be surprised if we […]

How to Get a Mortgage With Little Savings

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+-*If you don’t have a lot of cash in your savings account, you might think you can’t qualify for a mortgage. Between closing costs and down payments, getting a mortgage is expensive. And some first-time homebuyers think every mortgage lender requires a 20 percent down payment. However, many lenders require much less from buyers, which […]

Current Mortgage Rates for Thursday, April 16, 2015

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+-*The mortgage backed securities market continues to trend sideways.  As I said yesterday, one step forward, one step backward, one step forward, and repeat.  This has been the case all week, despite the fact that the U.S. economic data has been consistently disappointing.  As a result of this see-saw action, mortgage rates have effectively been […]

Do Reverse Mortgages Deserve Their Bad Rap?

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+-*Many people don’t truly understand reverse mortgages before their bank or lender tries to sell them one. It’s important, however, to go into the process educated. Reverse mortgages aren’t mortgages in the traditional sense. Whereas most mortgages involve borrowing money from a bank, they allow you to tap into the equity you have built up […]

Current Mortgage Rates for Wednesday, April 15, 2015

+-*If it seems like I am writing different iteration of the same thing in this space every morning, it’s probably because I am.  Every day it seems like the markets take a step forward, then a step back, then another step forward, then a step back, and repeat ad infinitum.  One day we’ll get some […]

The Stories Behind 6 Classic American Roadside Attractions

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+-*It might not quite be road-trip season yet, but that doesn’t mean you can’t start planning your next adventure.  Here are some of the most interesting slices of roadside Americana our country has to offer. The House on the Rock, Spring Green, Wisconsin The House on the Rock is (surprise) a house on a rock. […]

Current Mortgage Rates for Tuesday, April 14, 2015

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+-*Yesterday mortgage rates were effectively flat, continuing a trend that persisted basically all of last week.  There wasn’t really any significant data yesterday (nor was there much in the way of significant data last week), so the lack of change in mortgage rates makes sense.  This morning mortgage bonds are rallying following some mediocre economic […]