Mortgage News

Mortgage Rates Hit Record Lows

Mortgage rates fell again last week, hitting record lows in some weekly surveys.

OCC Calls for Minimum Mortgage Standards

The U.S. Comptroller of Currency is urging that all nations adopt minimum mortgage lending standards to avoid some of the practices that led to the recent financial crisis, including bans in the United States on certain types of mortgages that have gotten borrowers into financial difficulty.

New Home Starts Drop Sharply

New housing starts and residential building permits fell unexpectedly in October, dealing a blow to hopes that an improving housing market would help lead the economy out of recession.

Mortgage Delinquencies at All-Time High

Mortgage delinquency rates hit an all-time high in the third quarter of the year, with 6.25 percent of borrowers at least 60 days past due on their home loans.

First-Time Homebuyers Set Record Share of Purchases

A record 47 percent of all home purchases in the past year were first-time homebuyers, according to a new survey of home buyers and sellers by the National Association of Realtors.

National Rates

Loan Type Today
30 yr fixed 4.83
15 yr fixed 4.38
5/1 ARM 3.68

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