Author: RMP

February was a less-than-stellar month as far as mortgage interest rates go, but as it drew to a close over the weekend, consumers saw modest gains. By Friday afternoon, rates slipped to as low as 3.75 percent for a 30-year...

With interest rates falling to record lows in recent months, more homeowners have been refinancing their mortgages than ever before. Still, there are plenty who didn’t jump on the bandwagon, and that’s ok. The Wall Street Journal asked John Schleck,...

The Urban Institute reported on Monday that nearly one in three FHA borrowers could save a significant amount of money over the course of their home loans if they were to refinance today. With President Barack Obama’s proposed 0.5 percentage...

Bank of America Corp., Citigroup and JPMorgan Chase & Co. have begun accelerating the sales of $4.5 billion worth of home loans, Bloomberg Business is reporting. According to Mission Capital Advisors, the loans are made up of various types of...

The Urban Institute revealed on Tuesday that private mortgage insurance is even more effective than originally predicted at protecting Fannie Mae, Freddie Mac and the American taxpayers from losses. PMI is paid by homeowners who are not able to put...

According to a new report by CNBC, more than a third of Americans don’t know their mortgage interest rates. Reporter Diana Olick says Monday morning’s finding is not surprising, however, considering that – during the housing boom – many people...

Although it’s not the only thing to consider, timing plays a big factor in home buying. And according to a new report by CNBC, the winter months are often the best time to buy. “There’s less competition from other buyers,”...

According to Freddie Mac, mortgage rates are on the rise heading into the new year. Rates were predicted to rise in 2014, but had ultimately dropped by the year’s end. Image via Instagram/davenuperrealtor Continue to original source

First-time homebuyers are finding it easier to buy a home. Some buyers are able to make down payments of as little as 3 percent. This was set up by the Federal Housing Finance Agency to make homes easier to afford...