PGA golfer Dustin Johnson sues Nat Hardwick for $3 million theft

PGA golfer Dustin Johnson sues Nat Hardwick for $3 million theft

Former LandCastle Title CEO was Johnson's attorney and "trusted advisor"

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time
W S
Lending

Quicken Loans pitches more ARM loans as refinancing boom ends

30-year, FRM loses some of its appeal

House in the grass

With mortgage rates finally edging up, choosing a 30-year, fixed-rate mortgage is no longer the best option for borrowers, Quicken Loans claims in a new Bloomberg news article.

As a result, the lender is pushing adjustable-rate mortgages a bit more to accommodate consumers, according to Bloomberg reporters Jody Shenn and Heather Perlberg.

"People on average move every seven to 10 years," Walters is quoted as saying in the Bloomberg article. "All that security they’re paying for with a higher rate generally isn’t used."

Source: Bloomberg News
Read full story
Comments powered by Disqus