The post Mortgage costs lock out California home buyers appeared first on Weekly Real Estate News.
Mortgage costs lock out California home buyers
Weely Real Estate News
Mortgage financing options in a higher interest rate environment
Source: Consumer Financial Protection Bureau — Over the past two years, interest rates have risen from historical lows to as high as 7% for 30-year fixed-rate mortgages. Interest rates have remained elevated at levels that […]
Weely Real Estate News
The 7 Best Reverse Mortgage Alternatives
Source: Entrepreneur — Reverse mortgages let older homeowners cash out their home equity without selling their residences or taking on debt payments. However, the loans have costs and eligibility restrictions that can cause other solutions […]
Housing Wire
The CFPB is going after ‘junk fees’ mortgage lenders charge at closing. This could get ugly
The Consumer Financial Protection Bureau (CFPB) will be closely scrutinizing what it described as “junk fees” imposed on borrowers when closing a mortgage. Its new priority has provoked strong criticism from the mortgage industry. President Joe […]