More Borrowers Are Opting for Adjustable-Rate Mortgages – Mortgages

More Borrowers Are Opting for Adjustable-Rate Mortgages – Mortgages This time around, mortgage experts say, lenders are offering more conservative ARM products, without the gimmicky “teaser” rates and features. Read more on New York Times

Bank Rate: what next for borrowers?

Bank Rate: what next for borrowers? As the Bank of England keeps the official cost of borrowing at a historic low of 0.5pc, mortgage brokers explain what the decision means for borrowers and advise them on their best course of action. Read more on AFP Telegraph Finance News via Yahoo! UK & Ireland Finance

The changes on FHA loans and how they will affect borrowers and sellers

The changes on FHA loans and how they will affect borrowers and sellers Seller concessions What are they? Contributions that sellers kick in to help defray a buyer’s costs. They can include closing costs, inspections, appraisals and free upgrades. What’s changing? The FHA proposes slashing allowable seller concessions in half, capping them at 3 percent [...]

Mortgage Refinance `Wavelet’ Attracting Better-Credit Borrowers, Data Show

Mortgage Refinance `Wavelet’ Attracting Better-Credit Borrowers, Data Show Mortgage refinancing rose as home- loan rates began falling to record lows mostly among better- credit borrowers who took out loans in recent years at relatively low costs, bond prepayment reports show. Read more on Bloomberg

More borrowers exit Obama mortgage help plan

More borrowers exit Obama mortgage help plan A growing number of homeowners who sought help from the Obama administration’s main mortgage aid program are in danger of losing their homes. Read more on AP via Yahoo! News

Fading of Inflation Helps Buyers and Borrowers

Fading of Inflation Helps Buyers and Borrowers Fading of inflation keeps rates low and makes it cheaper to buy a car or refinance a mortgage Mortgage – Refinancing – Business – Financial Services – United States Read more on ABC News