US Mortgage Market

Why Is It Hard For Latin Americans To Get A Mortgage Loan In The US?

Latinos or those with hispanic origins have trouble landing a mortgage loan in the US because, first, most of them are unbanked or underbanked. Second, when they are included in this group, they tend to be left out of traditional credit scoring models used to underwrite mortgages.

Higher Interest Rates May Be Bad for Borrowers but Good for the Nation

Whereas property prices fell steeply during the subprime mortgage crisis as an impact of the global financial crisis, increasing interest rates may be a good thing as an indication of economic recovery.

Highest Mortgage Rates of 2015 Sees Mortgage Application Drop

The average contract interest rate for fixed-rate mortgages with conforming loan balances, equivalent to $417,000 at the maximum, has soared higher to about 4.01 percent.

US Mortgage Rates Fall for Second Consecutive Week

Fixed mortgage rates in the U.S. inched down for the second consecutive week reaching new lows, according to Freddie Mac’s weekly primary mortgage market survey.

US Mortgage Rates Tick Up After Two Weeks on Steady Economic Growth

Mortgage rates in the U.S. edged up slightly this week on positive economic reports after remaining flat for about two weeks, according to Freddie Mac's latest primary mortgage market survey.

U.S. average 30-year-fixed mortgage rates reach two-month high at 4.4 percent

The average 30-year fixed mortgage rates in the United States spiked to reach a two-month high since January at 4.4 percent, Freddie Mac, the government-backed lending giant, announced Thursday.

US Mortgage Rates Drop for the First Time in Five Weeks; Housing recovery Decelerating

Average mortgage rates in the U.S. went down for the first time in five weeks after rising continuously since May. The rates have declined in the wake of a slowing housing recovery, according to several news reports.

More American Homes Sold through Complete Cash Transactions: Goldman Sachs Survey

Almost all homes that sold in 2012 and in the first half of 2013 were financed by all-cash transactions, a new survey by financial firm Goldman Sachs Group found.

President Obama Pitches Plans to Support US Housing Recovery; Overhaul Mortgage and Lending Market (VIDEO)

U.S. President Barack Obama pitched some new mortgage and lending plans to the public in his economic speech Tuesday at Dobson High School in Mesa, Arizona. In his speech he sketched out various plans to overhaul the lending market and asserted on the importance of private lending without ruling out the government involvement in the sector.