Jan Harris | February 13, 2012 | Paula John, the editor-in-chief of Your Mortgage magazine, has advised first-time-buyers to consider paying for their home through an offset mortgage. Read more…

Mortgages Rates moved higher today at the quickest pace of the week.  For the second time this year, the 3.875% Best-Execution rate on 30yr Fixed Conventional loans is in question.  If rates move much higher from here, the average Best-Execution rate across multiple lenders will have risen back to 4.0% and for quite a few lenders, [...]

The Mortgage Bankers Association (MBA) reported that applications for a mortgage refinance rose by 26.4 percent during the week ending January 13, 2012 compared to the previous week. The MBA’s Refinance Index reached the highest level since August 8, 2011 and the refinance share of mortgage applications rose to 82.2 percent. “Interest rates dropped last [...]

A California real estate investment firm has acquired a 244-unit apartment complex in east Vancouver for $21 million. The Matteson Companies bought the property, Prairie Park Apartments at 11510 N.E. 112th Drive, in October from a local developer. The seller was represented by Norris & Stevens. HFF L.P., a mortgage banker, originated a $15.3 million [...]

MUMBAI: All loans are set to become costlier as the Reserve Bank on Tuesday increased the key interest rate by 25 basis points to check rising prices, at the risk of sacrificing some growth. This is the 13th time the central bank has increased the interest rate since March, 2010. In a major policy decision, [...]