Mortgage rates fall as economic softness sends bond yields lower
Mortgage rates decreased again today on weak economic data, following last Friday’s similar drop in the 10-year yield. Furthermore, the mortgage spreads in today’s pricing are favorable. According to the latest quote from Mortgage News Daily, mortgage rates are now around 6.89%. This represents a de
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Mortgage credit availability jumped 2.5% in January
Mortgage credit availability ramped up in January, according to a report released Tuesday by the Mortgage Bankers Association (MBA) that analyzed data from ICE Mortgage Technology.The MBA’s Mortgage Credit Availability Index (MCAI) increased by 250 basis points (bps) on a monthly basis to 99.0 in Ja
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Buying a Mobile Home: Costs, Financing, and What You Must Know Before You Buy
Key takeaways: Mobile homes offer an affordable path to homeownership, but they typically depreciate in value over time. Financing differs from traditional mortgages—explore loan options like chattel loans, FHA loans, or personal loans. Where you place your mobile home matters—choose between a mobil
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