The rise of the mortgage rates in the last and current week have made many home buyers and refinance seekers to be more careful about choosing just any mortgage offer. The hunt for the lowest mortgage rates has already started as the interest rates are slowly going up.

A Senate panel has subpoenaed several financial institutions, including Goldman Sachs and Deutsche Bank, seeking evidence of fraud in last year's mortgage market meltdown.

One would never think there may be a link between paying a mortgage and baking an apple cake, but if you name your dessert as mortgage apple cake, to pay off your house loan and prevent foreclosure there will be one. This is what one mother did and touched the hearts of national and international media.

The Securities and Exchange Commission today charged four promoters and a Phoenix-based company with securities fraud for orchestrating a mortgage lending scheme that attracted hundreds of investors by making false and misleading statements about the safety and performance of the investments.

New housing permits are on the rise as well as existing home sales. Don’t expect that the new home you are looking to buy will be on the market much longer. In fact, there are documented cases where people are out bidding the original asking price. This is a sure sign of renewed economic growth in the housing market. Rising mortgage rates cannot be far behind.

Economy is at the state where every small development is a big deal for this country. Mortgage rates could help this economy or hurt it. Today it is story about rising fears in our economy.

Mortgage rates improved yesterday on news from the Federal Reserve Board chairman Ben Bernanke. Bernanke said “The FOMC anticipates that economic conditions are likely to warrant maintaining the federal funds rate at exceptionally low levels for an extended period”.

The 30 year fixed mortgage rates are not a mathematical science as Wall Street would have us believe. There are many forces that create cause and effect in today’s market trends. In this unusual world wide economic environment we are encountering trends never before seen. Where do we go from here and how do we move forward so as to regain economic stability?

Homeowners all over the country who wish to purchase a house would normally apply for a mortgage loan from a lending company, a loan association, or from a commercial bank. These loans normally have to be paid within a certain time period and accumulate interest for every month unpaid, so homeowners who are unable to pay off their loans face a lot of consequences such as bad credit and foreclosure of one’s home.

The average current mortgage rates in Russia are very high compared to European and U.S. rates. In Russia they are in the range or 20% in Russian rubles and around 15% in U.S. if the loans are given in U.S. dollars. This is when in Europe and U.S. today's mortgage rates range from 3 to 6 percent. Western governments lowered the rates to stimulate the the credit markets and make housing affordable. Russia chose it's own way.

Many of the same predatory lenders who took advantage of unsuspecting borrowers with questionable loans are still out there taking advantage of the same customers with mortgage modification schemes. If you truly believe you are in need of a mortgage modification, here are some red flags for you.

Freddie Mac has release the results of this week's Primary Mortgage Market Survey. Mortgage rates continued to drop this week, almost across the board.