Mortgage Rates Move Slightly Lower After Today's Data

There was a bit of behind-the-scenes volatility in the bond market today.  Normally, bond volatility translates to interest rate volatility. In some cases, the timing of the volatility is such that  has a minimal impact on mortgage lenders. Today was one of those days. Yesterday evening, n

Mortgage Rates Edge Higher This Week

The average rate on 30-year mortgages rose to 6.89% from 6.86% last week, while borrowing costs on 15-year mortgages rose to 6.03% from 6.01%.

Mortgages After a Disaster: What to Expect

If a home is destroyed, the mortgage remains. Owners must notify the lender and decide whether to rebuild or pay off the loan.

Disclose Contemplated Interest in Property Appraised

A Realtor appraised an apartment building for a seller. The Realtor did not disclose to the seller that they were already the property manager for several other buildings owned by the buyer. However, the Realtor took care not to discuss managing the appraised property with the buyer. According to th