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Author Archives: Christine Layton

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Christine Layton is an editor and freelance writer in Nevada with a passion for American finance. She covers mortgage and business news for US Finance Post.

Bank of America, Wells Fargo and Sun Trust Mortgage Rates on October 22

Bank of America, Wells Fargo and Sun Trust Mortgage Rates on October 22

  Mortgage rates have shown slight movement on Wednesday, October 22. Rates for some popular loan products like the 30-year fixed mortgage and ARMs have moved up slightly at some lenders, while others are quoting unchanged rates. Bank of America Mortgage Rates Mortgage rates are unchanged at Bank of America on Wednesday. The standard 30-year fixed rate mortgage is advertised ... Read More »

Social Security Benefits to Increase 1.7% in 2015

Social Security Benefits to Increase 1.7% in 2015

The U.S. government will raise benefits for Social Security beneficiaries by 1.7% in 2015, the Social Security Administration said today. This is the third consecutive year in which the increase will be under 2%. The agency said it expects to send out checks to about 64 million people next year, most of whom are pensioners. The average monthly payment to ... Read More »

Mortgage Applications Rise 11.6% on Low Rates and Refinancing Surge

Mortgage Applications Rise 11.6% on Low Rates and Refinancing Surge

Mortgage applications soared last week on reduced borrowing costs that led to the largest refinancing gain since January 2012. The Mortgage Bankers Association’s Market Composite index, a measure of mortgage application volume, increased 11.6% in the week ending on October 17, which is the biggest gain since January. This follows a 5.6% increase the week before. On an unadjusted basis, ... Read More »

Existing Home Sales Hit Fastest Pace of the Year

Today's Mortgage Rates at Bank of America, Sun Trust and Wells Fargo (October 21, 2014)

Existing home sales increased to a one-year high in September in the latest sign that the housing market is gradually recovering. Existing sales reached the strongest pace of the year, although they remain below previous-year levels for the 11th month in a row, according to the National Association of Realtors. Rebounding from a dip in August, sales of existing homes ... Read More »

FHFA Plans to Loosen Mortgage Rules to Improve Housing

FHFA Plans to Loosen Mortgage Rules to Improve Housing

After three years of consideration, U.S. financial regulators are now ready to finalize mortgage market standards next week, which will include relaxed mortgage rules to ensure credit is easier to obtain. In a move that is considered a win for mortgage and real estate industry groups, regulators are expected to finalize looser standards for loans packaged into securities that are ... Read More »

Current Mortgage Rates at Bank of America, Wells Fargo, Sun Trust On October 20, 2014

Mortgage Applications Rise 11.6% on Low Rates and Refinancing Surge

  Mortgage rates have shown some movement at the start of the week. On Monday, October 20, many major lenders are quoting higher rates for popular fixed rate loans and adjustable rate mortgages, although some interest rates have moved lower for the day. Bank of America Mortgage Rates Mortgage interest rates show little movement at Bank of America. The standard ... Read More »

Today’s Mortgage Rates at Wells Fargo, Sun Trust and Bank of America (October 17)

Mass Exit of Baby Boomers from Existing Housing Seems Unlikely Soon

  Mortgage interest rates have shown quite a bit of movement as the week comes to a close. Rates for many popular loan products have moved up, although there is some downward movement on some adjustable rate mortgages. Today’s Wells Fargo Mortgage Rates Wells Fargo advertises the standard 30-year fixed mortgage today at 4.125%, unchanged from yesterday, with an APR ... Read More »

CFPB Issues Report Criticizing Private Student Loan Lenders, Vows Action

CFPB Issues Report Criticizing Private Student Loan Lenders, Vows Action

This week, the Consumer Financial Protection Bureau issued a new report saying that private student loan lenders are not doing enough to keep struggling borrowers from defaulting. This comes after the bureau’s annual analysis of complaints it has received from consumers about private student loans. The CFPB reported a 38% jump in private loan complaints over the last twelve months. ... Read More »

Home Builder Confidence Falls from 9-Year High in October

Home Builder Confidence Falls from 9-Year High in October

The leading gauge of home builder sentiment dropped in October. In September, the index had reached 59, the highest level since November 2005. The index, which measures builder confidence in the single-family home market, fell by 5 points to a seasonally adjusted 54 in October, according to the National Association of Home Builders this week. Economists had predicted the index ... Read More »

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