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FHA and VA Loans News

Mortgage Rates Fall on Week

Friday Apr 17, 2009

Mortgage rates fell this week and are still under 5% as providers continue to entice new buyers.


New agency would protect consumers from toxic financial products

Thursday Apr 16, 2009

Lawmakers in Washington are calling for a new agency to regulate financial products to avoid toxic results like exploding mortgages and credit cards with outrageous rates.


15-year fixed-rate mortgage, 5-year ARM fall to record lows

Thursday Apr 16, 2009

Rates on fixed-rate mortgages dropped this week, with the benchmark 30-year fixed-rate mortgage averaging 4.82%, according to Freddie Mac 's weekly survey, released on Thursday.


Older Borrowers, Out in the Cold

Tuesday Apr 14, 2009

Older homeowners are feeling left out in the cold. With all the efforts being made to keep Americans in their home and out of foreclosure, the situation involving older owners with fixed incomes is not being adequately addressed.  


Caution Urged on Reverse Mortgages

Sunday Apr 12, 2009

Although more retirees are turning to reverse mortgages to help them enjoy later life, financial advisors warn against this strategy. 


Delinquency on FHA-Backed Loans Rises

Saturday Apr 11, 2009

FHA-backed mortgages are rapidly falling into delinquency, putting the Federal Housing Administration in tough waters.  


Time to refinance? You've got to run the numbers

Thursday Apr 9, 2009

Lew Sichelman answers readers' questions about refinancing options and helping the home of parents who can't afford to stay in their home.


Mortgage rates rise, but 30-year fixed-rate still below 5%

Thursday Apr 9, 2009

Mortgage rates rose this week, but the average rate on 30-year fixed-rate mortgages remains below 5%, according to Freddie Mac's weekly survey of conforming mortgage rates.


Jumbo mortgage rates starting to become more affordable

Sunday Apr 5, 2009

Jumbo mortgages are no longer hard to come by, as banks are offering their programs at lower rates to capitalize on the market.


The Return of Jumbo Mortgage

Sunday Apr 5, 2009

With less institutional buyers investing in jumbo mortgages, lenders like Bank of America have begun offering fixed-rate jumbo mortgages at significantly lowered rates.


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