Mortgage Industry News
Adjustable-rate mortgages are on the rise as interest rates soar
Source: Billings Gazette --- As interest rates shoot up, some buyers are turning to a different, and slightly more risky type of mortgage. Adjustable-rate mortgages, known as ARMs, have seen an uptick in popularity recently as home shoppers, eager to avoid soaring...
5 factors that affect your mortgage rates
Source: CBS News --- Interest is the cost you pay to borrow money. And though it's just one part of your monthly mortgage payments, it can often amount to significant costs over time and affect how much mortgage you can afford. Understanding how your mortgage...
How to buy a house with a low income
Source: Bankrate --- If you have a stable job but are earning less than you’d like, you might be concerned that this can impede your ability to purchase a home. The good news: There are mortgages and assistance options that can help you become a homeowner, even with a...
Mortgages tied to ‘green’ home improvements considered by UK
Source: The Guardian --- The government is exploring plans to link mortgages to green home improvements by imposing targets for lenders, to help decarbonise the UK’s ageing and leaky housing stock. Highlighting the move in its net zero strategy, published on Tuesday,...
Current mortgage rates for Oct. 19, 2021: Rates cool off
Source: CNET --- Today a number of important mortgage rates declined. Let's see how that could affect your home loan payments. A few closely followed mortgage rates fell today. Average 15-year fixed mortgage rates climbed, while average 30-year fixed mortgage rates...
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