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National Association of Realtors: Qualified Mortgage (QM) Could Be ‘Burden’

A narrow definition of the impending Ability to Repay regulation could harm consumers and the housing market recovery, according to the National Association of Realtors®. In a letter sent today to Richard Cordray, director of the Consumer FinancialProtection Bureau, NAR joined a broad coalition of lenders, investors, housing professionals, consumer advocates and civil rights groups to urge for a broadly defined Qualified Mortgage (QM) that covers a wide range of traditionally safe products and underwriting criteria. WARNING: Short Sales…love em or hate em…they are here to stay! Go beyond the basic ‘expert’ short sale designation. Watch the FREE 2012 Agent Short Sale Secrets [...] Click Here To View More

Turn Your House Into a Billboard, Get Mortgage Paid

Wouldn’t it be nice if someone else would pay your mortgage for the year? And what would you do in return? Advertising agency Adzookie is looking [...] Click Here To View More

30-Year Fixed Mortgage Rate Rises for Third Consecutive Week

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.72 percent, up from 4.71 percent at this same time last week. The 30-year fixed mortgage rate declined over the weekend, falling to 4.67 percent on Saturday, before climbing to the current rate. Additionally, [...] Click Here To View More

30-Year Fixed Mortgage Rate Rises For Second Consecutive Week

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.71 percent, up from 4.66 percent at this same time last week. After falling to 4.63 percent last Wednesday, the 30-year fixed mortgage rate steadily increased for the majority of the week, peaking at 4.72 [...] Click Here To View More

30-Year Fixed Mortgage Rate Rises After Falling 13 Basis Points Last Week

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.66 percent, up from 4.58 percent at this same time last week. The 30-year fixed mortgage rate fluctuated between 4.61 percent and 4.52 percent over the weekend, and then steadily rose before spiking to the [...] Click Here To View More

30-Year Fixed Mortgage Rate Plummets 13 Basis Points to Lowest Rate Since January 2011

Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.58 percent, down from 4.71 percent at this same time last week. The last time the 30-year fixed rate was at 4.58 percent was on January 11, 2011. The 30-year fixed mortgage rate hovered near [...] Click Here To View More

30-Year Fixed Mortgage Rate Declines For Fourth Consecutive Week

Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.71 percent, down from 4.72 percent at this same time last week. The 30-year fixed mortgage rate peaked at 4.77 percent on Friday, dropping to as low as 4.72 percent over the weekend; the rate [...] Click Here To View More

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