Review Mortgage Lenders

First Home Mortgage Corp

RRSP as Downpayment, first home mortgage using RRSP RRSP as a downpayment. Vancouver mortgage broker Mark Fidgett explains the ins and outs of withdrawing money from your RRSP ...

Average mortgage rates fall; 30-year home loan at 4.83%

WASHINGTON -- Long-term U.S. mortgage rates declined this week, in a quiet pause after weeks of market anxiety over rising interest rates.

According to data released Thursday by Freddie Mac -- the Federal Home Loan Mortgage Corp. -- the 30-year fixed-rate average slipped to 4.83 percent with an average 0.5 point. It was 4.86 percent a week ago and 3.94 percent a year ago.

The 15-year fixed-rate average fell to 4.23 percent with an average 0.5 point. It was 4.29 percent a week ago and 3.27 percent a year ago. The five-year adjustable-rate average fell to 4.04 percent with an average 0.3 point. It was 4.14 percent a week ago and 3.23 percent a year ago.

Points are fees paid to a lender equal to 1 percent of the loan amount.

"Mortgage rates declined slightly this week as continued market volatility caused bond rates to pause their upward trajectory," said Danielle Hale, chief economist at "Stocks and bonds appear to be reacting to the cost increases businesses are facing, which has led to uncertainty over profitability. Today's lower mortgage rates are a mixed bag for housing. Builders are facing the same cost increases as other businesses. This is making it next to impossible to build entry-level homes, which could eventually hold back the homeownership growth rate.

Social Covered Bond for Affordable Housing in Korea

The FINANCIAL -- ING and Korea Housing Finance Corporation (KHFC) have worked together on the first social covered bond in Asia. ING acted as a joint lead manager and joint book runner for this five-year EUR 500 million bond, and is part of a collective of four banks.

KHFC is a state-run enterprise responsible for improving the welfare of people and national economic development by supporting the Korean government’s housing welfare policy.

The social covered bond issuance marks a significant first for ING in Asia Pacific, as ING continues to deliver new sustainable financing solutions for our clients. The number of green loans and bonds that ING has delivered in the region is growing.

The proceeds of the social covered bond will be used to (re)finance KHFC’s mortgage loan products, aimed towards providing stable and long-term housing finance in Korea. For example, certain loans support moderate to low-income households with an affordable mortgage loan and their first home purchase.

Is Home Pointe Financial Corp the real deal in fixing credit and getting you a mortgage?

I am just about ready to give my first payment to this complany to fix my credit and give me a mortgage. Has anyone dealt with them before? I can't afford to give money to a fraudulent company.

Contact your local Better Business Association to see if any complaints against the company have been logged.