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Tag Archives: Bankrate

Technology and Tax Reform

Greg McBride is the SVP and Chief Financial Analyst for Bankrate.com, with over two decades' worth of experience in personal finance. A regular staple the cable news scene, McBride regularly provides insights ...

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Mortgage Rates Steady Amidst FOMC Meeting

Mortgage rates remained fairly steady this week, even as the Financial Open Market Committee met to discuss potential hikes in the federal funds rate. These low rates may not stay for long, however. Reports found that the rate for a 30-year fixed-rate mortgage has stayed flat, but experts noted that the Fed's "half-full" economic outlook may mean rates will rise again at some point this year.

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Reports Show Continued Mortgage Rate Decline

Poor growth in the economy in the first three months of 2017, coupled Federal Open Market Committee’s March meeting minutes just released to spur a drop in mortgage rates. Thirty-year fixed mortgages and 15-year FRM both showed lower rates this week and a steady decline during the first three months of the year. This marks the third consecutive week of reductions.

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CFPB Investigates Mortgage Rate Compression Tool

As a warning to mortgage industry lenders, the Consumer Financial Protection Bureau (CFPB) is investigating Bankrate’s mortgage rate comparison tool on Bankrate.com. Bankrate discussed the CFPB investigation in a recent Securities and Exchange Commission (SEC) filing.

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Many Borrowers Face Higher Payments When HELOCs Reset

In raw dollars and cents, take this example from Bankrate: A $30,000 balance at 3.25 percent interest (the current prime rate) equals a minimum payment of $81.25. But after the 10-year mark, that balance resets to a 20-year repayment schedule and the minimum due each month bloats to $170.16.

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