Back in 2008, America faced the worst financial crisis it has known since the Great Depression. People lost their homes, and many businesses closed. However, many Americans to this day still do not understand how the crisis happened. An Explainer Failures in regulation are largely blamed as the Read more
Castro Cuts FHA Mortgage Insurance Premiums, Carson to Examine the Cut
Outgoing secretary of the Housing and Urban Development Julian Castro announced earlier that FHA’s annual mortgage insurance premiums have been lowered. This move, according to Sec. Castro, will generate annual savings of $500 to households. But some members of the Republican party were not too Read more
The Trump, the Fed and the Mortgage Rate
Trump tantrum as the media would like to call it. Two weeks since Donald J. Trump’s ascension to the U.S. presidency and we’ve seen a mortgage rate rising to almost 4%. The Federal Reserve is also expected to raise interest rates sometime in December.With all this brouhaha, where do consumers Read more
