Monthly Archives: May 2014

Student Loan Debt Preventing Homeownership, Hampering Economy

Speaking before an audience at the Boulder Summer Conference on Consumer Financial Decision Making, Consumer Financial Protection Bureau (CFPB) director Richard Cordray spoke on the effects of student loan debt on the future of the housing market. The oft-criticized director commented on the growing $1.2 trillion of student loan debt, and how student debt will […]

Read More

Mortgage Rates Continue Downward Slide

Despite performing far better than anticipated, April jobs numbers weren’t enough to prop up fixed mortgage rates this week, market reports show. In its Primary Mortgage Market Survey, Freddie Mac clocked the 30-year fixed-rate mortgage (FRM) at an average 4.21 percent (0.6 point), down from 4.29 percent and the lowest level since late last year. A year ago, […]

Read More