Although mortgage rates had been steadily decreasing for quite some time now, they may be on the rise again, much to the chagrin of homeowners that have been waiting for even lower rates before they refinance. Unfortunately for them, the opportunity may have passed.
Some mortgage brokers have reported a dramatic increase in mortgage rates, as much as 1 percent on Wednesday, and the trend does not appear to be reversing any time soon. April featured record low mortgage rates, a phenomenon that may have come as quickly as it has gone.
Rebounding mortgage rates may be a consequence of the nation’s …read more

The story, which you can read a transcript of, said that as many as two-thirds of all Indiana mortgage brokers may lose their licenses. The big problem is that new state regulations require that at least one staff member at every Indiana mortgage brokerage pass a competency exam that allows them to oversee their office.