Recently a client of my was told by his credit union that he “should not pay any points” on the new mortgage he was taking out to buy a home. The reason the credit union suggested the client not pay points was that it added too much to the cost to the loan. It is [...]

The Treasury Department on Wednesday expanded its foreclosure prevention plan, lifting the current 105 percent loan-to-value cap to refinance up to 125 percent of a home’s value.

Higher interest rates put the brakes on mortgage refinancing this week, according to Freddie Mac.