Category: Mortgage Rates

Mortgage crisis highlighted in New Yorker magazine

The Feb. 4 issue of the New Yorker magazine included a six-page story on the mortgage crisis in San Bernardino County, in which an estimated 168,000 homes are underwater and won’t regain their full value for up to two decades. County government and the cities of Fontana and Ontario are considering responses, one of which, […]

Mortgage applications fell last week as rates rose

Applications for U.S. home mortgages fell for a second straight week as both refinancing and loan requests for new mortgages eased last week, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, was 1.7 percent lower in […]