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Due to a processing error, borrowers received checks for less than what they were owed under a mortgage settlement reached with 13 mortgage servicers, the Federal Reserve said.
The mortgage interest deduction is claimed by less than a third of all tax filers, and its benefits are distributed unevenly across states -- factors that may become part of the tax reform debate.
When it comes to mortgages, nearly one-third of homebuyers are in the dark about terms, which lender to choose and financing, according to a survey by Zillow.
A majority of Americans forecast home prices will rise over the next 12 months for the first time in three-year old survey by Fannie Mae.
The housing rebound has given new life to an old, but little-known sales practice called "pocket listings" where realtors keep certain homes reserved for serious buyers only.
FHA will generate $10 billion by locking middle-class borrowers into high fees for decades.
Lawsuits from New York Attorney General Eric Schneiderman are the first legal actions from federal or state officials over banks' alleged non-compliance with the mortgage settlement.
Mortgage rate for 15-year fixed loan falls to 2.61% in latest week, Freddie Mac says.
Demand among homebuyers is so high in some parts of the country that builders are holding lotteries to determine who gets the right to purchase a home in their latest developments.
S&P Case-Shiller home price index shows largest 12-month jump since the height of the 2006 bubble.
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.77% | 3.60% | |
| 15 yr fixed | 2.88% | 2.74% | |
| 5/1 ARM | 2.66% | 2.54% | |
| 30 yr refi | 3.76% | 3.58% | |
| 15 yr refi | 2.88% | 2.73% |
Today's featured rates:
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