Tag Archives: mortgage loan rates

Will Mortgage Interest Rates Rise If The Federal Government Defaults Aug. 2?

This is a much talked about topic in the news media these days. What will be the repercussions of a federal government default on its debts? What happens if the president and the Congress are unable to agree on raising … Continue reading

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Wells Fargo Loses Racial Discrimination Lawsuit

I am sure big banks such as Wells Fargo would be terribly offended by monthly mortgage payments coming in from black people. Oy, they wouldn’t want that? Of course that is ridiculous. If banks can make money lending to minorities, … Continue reading

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Mortgage Loan Rates Fall

Mortgage applications are down too. This is the first time since July that loan requests dropped for the first time six weeks. The housing market has apparently stabilized after three years of plunging prices. This was the steepest plunge since … Continue reading

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Jumbo Mortgage Loan Rates Dropping Like April’s Cherry Blossoms

Mortgage lenders keep getting tighter.  From SFGate.com: Banks want borrowers to have higher credit scores, more and better proof of their income and assets, and higher down payments or equity stakes in their homes – especially in areas they deem … Continue reading

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