| Feb 6, 2014
| 8:08 AM
Weaker signals from the housing markets sent mortgage rates lower for the fifth week in a row, with Freddie Mac reporting that lenders were offering 30-year fixed home loans to solid borrowers at an average of 4.23%, down from 4.32% a week ago.
| Jan 26, 2014
| 5:00 AM
WASHINGTON — The verdict was nearly unanimous at a recent hearing on Capitol Hill: The new federal "ability to repay" and "qualified mortgage" regulations that took effect Jan. 10 will make obtaining credit tougher, not easier, this year, and...
| Dec 13, 2013
| 10:05 AM
WASHINGTON — Senate leaders on Friday called a cease-fire in a weeklong fight over the chamber’s new rules that limit filibusters, ending a nearly 48-hour marathon session.
In the end, senators’ aversion to what would have been a...
| Dec 19, 2013
| 8:07 AM
Mortgage rates rose a bit this week following positive news on home building, with Freddie Mac saying lenders were offering a 30-year fixed-rate loan at an average of 4.47%, up from 4.42% last week.
The average for a 15-year fixed was 3.51%, up from 3....
| Dec 18, 2013
| 1:11 PM
Nothing like a little sugar to help investors swallow a bitter pill from the Fed.
The Federal Reserve's Open Market Committee announced Wednesday that it will finally start tapering its extraordinary efforts to stimulate the economy. Instead of printing...
| Jan 16, 2014
| 10:37 AM
Those of us who write about the housing market and the virtues of the 30-year fixed home loan -- as we did Wednesday -- can calibrate our watches by how long it takes a reader to respond as follows:
"Hey, Canada doesn't have 30-year fixed mortgages, and...
| Jan 10, 2014
| 2:54 PM
Few of the nontraditional home loans that triggered the financial crisis are still available, and lenders will have even more reason to avoid them now that the Consumer Financial Protection Bureau’s definition of presumably safe and sound...
| Jan 5, 2014
| 5:00 AM
WASHINGTON — Higher mortgage rates for 2014? Count on it. Could this be the year to check out hybrid mortgages, which haven't been popular lately? Maybe.
You can count on interest rates going higher because:
•The Federal Reserve intends...
| Jan 18, 2014
| 7:00 AM
Most of the risky mortgages that triggered the financial crisis have disappeared from the marketplace, and lenders will have even more reason to avoid them because of a new federal crackdown on loose lending.
But one housing-bubble favorite —...
| Dec 20, 2013
| 5:03 PM
WASHINGTON — In its last workday of the year, the Democratic-controlled Senate overcame GOP objections Friday to confirm two high-profile Obama nominees to the Department of Homeland Security and the Internal Revenue Service, but put off final...
| Dec 26, 2013
| 10:26 AM
It's the financial-market equivalent of a lump of coal.
Interest rates are steadily inching up, with the yield on the benchmark 10-year Treasury note brushing up against 3% on Thursday morning.
The movement in Treasury rates portends a potential...