Mortgages Explained - Benchmark rate drops for ninth straight week

Benchmark rate drops for ninth straight week Mortgage rates continue to drop. Freddie Mac says the aveage for 30-year, fixed-rate mortgages has dipped to 5.1%. That is down from 5.14% last week, marking the ninth straight weekly decline. Source: www.katc.com
Mortgage applications unchanged in [...]

Mortgage Loans - Florida proposes tough new rules for mortgage brokers (McClatchy Washington Bureau)

Florida proposes tough new rules for mortgage brokers (McClatchy Washington Bureau) After months of stinging criticism for letting crooks and con artists prey on Florida borrowers, regulators have proposed sweeping changes in state law that would make Florida one of the most tightly regulated mortgage markets in the country. Source: www.mcclatchydc.com
MFA Mortgage to change [...]

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