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Are you shopping for a mortgage? If you have recently heard yourself say something like this: What kind of loan do you think I should get? And you got a response from a loan officer that was similar to: I think that ___________ is the right loan for someone in your situation. Stop. There are three simple questions you can ask yourself that will help you narrow down your mortgage product choices. Knowing these three simple questions can free you

Dec. 13 (Bloomberg) — Relative yields on mortgage-backed securities that guide new loan rates fell to the lowest in five months as investors wager the Federal Reserve is on standby to expand its holdings if the U.S. economy or Europe’s sovereign debt crisis worsens. Yields on Fannie Mae’s current-coupon, 30-year bonds ended last week at 94 basis points more than 10-year Treasuries, the narrowest since July 8, according to data compiled by Bloomberg. The spread widened to 105 basis points

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DALLAS, Dec. 13, 2011 — /PRNewswire/ – Activity climbed on mortgage fraud cases being prosecuted in California, leaving the state with more fraud than any other. New York also saw acceleration, while Florida’s mortgage fraud index topped the list and Minnesota remained prominently perched among the worst locales. But as a whole, the country’s case activity was slower.The Third-Quarter 2011 Mortgage Fraud Index from MortgageDaily.com came in at 1170. The index represents activity on civil and criminal cases. Victim lenders were

Kansas (Rate Wire) — The benchmark 30-year fixed mortgage rate in KS has moved down since the beginning of the year. In our first reading for the year on Jan. 7 the rates averaged 4.9%; this week the average stands at 4.15%, a drop of 75 basis points. The state average is higher than the national average of 4.13%, which is 2 basis points lower than in KS. If you are looking for the best rate in the area, then