Worries over slow economic growth cause rates to fall: economist
“Market concerns about slower economic growth over the next few months allowed mortgage rates to drift lower from last week,” said Frank Nothaft, Freddie Mac vice president and chief economist, in a news release. “How much of a drag the housing slump will be on […]

You can negotiate some of the fees your lender charges, plus shop around for the best deals on title insurance and settlement fees.
Shop around before choosing a mortgage lender, but don’t stop there. When you receive your good-faith estimate of closing costs, or GFE, the negotiation hasn’t ended.
The lender or mortgage broker is required to […]

It will be back, but mortgages to riskier borrowers will look much different
The next generation of subprime mortgages, however, will look much different than the loans issued during the height of the housing boom in the first half of the decade that are now causing so much trouble, mortgage professionals say.
“So long as we […]