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Fannie Mae Is Getting More Detail On Borrowers Applying For Mortgages

Borrowers seeking home loans should know that many mortgage lenders will now be scrutinizing more detailed credit data. This is because Fannie Mae has revised its risk-assessment software to include an expanded version of a borrower's credit report … [Read More...]

It May Be Time to Think About Refinancing Your Mortgage (Again)

Due to shifts in global bond markets, the average interest rate on a 30-year fixed-rate mortgage was 3.49 percent on Monday, which is down from 4.2 percent a year ago. Therefore, it’s a good time to check the rate on your home mortgage because you … [Read More...]