The Mortgage Credit Availability Index of the Mortgage Bankers Association rose in November 2014. It reached 114.6 after climbing by 1.2%. MCAI was set to 100 in March 2012. An increase in this index indicates loosening of the mortgage while
The new Home Possible Advantage (SM) program of Freddie Mac is designed to provide mortgage loans with maximum loan-to-value ratio of 97%. This will enable borrowers to make a down payment of just 3%. The program is designed to assist
The applications for mortgage loans in the United States rose by 7.3% in the week ended December 5th 2014. This is revealed by the data in the Weekly Mortgage Applications Survey of the Mortgage Bankers Association. The seasonally adjusted Market
Now first-time home buyers can access mortgage loans with down payment which is as low as 3%. Fannie Mae formally announced the guidelines for its program for loans with 97% loan-to-value ratio. The program is expected to give easier access
Americans who are self-employed have to meet higher mortgage requirements when applying for a home loan. This is revealed in a new research report by the online real estate database Zillow. Zillow found that self-employed individuals receive nearly two times
The average rate on a 30-year fixed-rate mortgage declined to 3.89% in the week ending December 4th 2014. This is the lowest level which it has reached since the end of May 2013. The statistical data was released in the
The volume of applications for mortgage refinance dropped by 13% in the week ended November 28th. It took seasonal adjustments and adjustments for the holiday weekend Meanwhile, the average rate on a 30-year fixed-rate conforming mortgage declined to 4.08% from
mortgage rates rise by 1% over the course of the next 3 years, housing in 21 out of 25 biggest markets in the country will become unaffordable for the American earning the national median income. This conclusion was reached in
Mortgage.info has a goal to help you decide what is the option for you and your family. We not only report the news everyday, we also provide helpful information regarding refinance, new home purchases, and the different types of home loans that are available. Whether it is a jumbo loan, a fixed mortgage loan, a 30-year fixed or adjustable mortgage, a VA loan or any other type of loan, we have you covered.
Mortgage.info has teamed up with the top lenders in the industry to bring you options at some of the lowest rates online. Be sure to check out our "Current Rates" chart which shows you the most current rates in your area. Be sure to visit us on Facebook and sign up for our weekly newsletter that keep you informed on all the newest mortgage news.