Mortgage Rates Tick Back Up

WASHINGTON — Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year. Mortgage company Freddie Mac says the nationwide average for a 30-year loan increased to 4.14 percent from 4.12 percent last week.

What Mortgage Lenders Look for in Your Job History

Did you recently change jobs or receive a promotion? Despite what you might have heard, it is still possible to qualify for a mortgage to buy or refinance a home using your new income. The lending atmosphere is rife with misconceptions about job gaps, job changes and occupational changes within the course of an employment time frame. You can get a mortgage if you switched jobs or even changed industries, you just have to approach it the right way to seal the deal.

HUD Nominee Julian Castro Clears a Major Hurdle

A U.S. Senate panel on Wednesday approved San Antonio Mayor Julian Castro to lead the Department of Housing and Urban Development, clearing the way for a final vote in the full Senate. If confirmed in the post, as expected, Castro would be in position to push the Obama administration’s plan to wind down mortgage finance giants Fannie Mae and Freddie Mac, an effort that has stalled in Congress.