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Bankrate: Mortgage Rates Closing in on 6 Percent (Builder Online)  NEW YORK, Aug. 11 /PRNewswire-FirstCall/ -- Fixed mortgage rates increased for the sixth consecutive week, and remain at a four-month high. The average 30-year fixed rate mortgage climbed from 5.91


Slim chance of survival  Insurance was never the most riveting aspect of personal finance. Dinner party talk may veer onto certain financial issues - today's topic no doubt being the chance to buy holiday


4 Investment Banks Will Report Earnings   "People get worn out by the crisis itself" On Wall Street, now more so than any time in recent memory, everyone is holding their breath and fearing the worst.Four


Rate hopes boosted after MPC dove votes for a cut  The chances of an interest rate cut early in the new year improved yesterday after a surprise announcement that the decision this month to keep the base rate at 4.5


Heartland closing wholesale mortgage division (St. Louis Post-Dispatch)  Heartland Bank is closing its wholesale mortgage division and eliminating about 30 jobs in the St. Louis area amid shrinking demand for broker-originated loans ? continued fallout from the collapse


The Bull Market Report Reviews Earnings for Anworth Mortgage and Friedman, Billings, Ramsey Group (PrimeZone via Yahoo! Finance)   The Bull Market Report , a long-term growth and income-generating focused online investment newsletter, announced today that it has provided subscribers with earnings reviews for Anworth Mortgage and Friedman,

July 13th, 2007

Shopping for a Broker on Your Terms

Borrowers who don’t know how to deal with mortgage brokers waste their time and that of the brokers. Such borrower ignorance also encourages brokers to be hustlers rather than professionals.

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