| Aug 5, 2011 3:32PM To put it bluntly, not good... Home loan borrowing costs moved higher after a better than expected jobs report this morning. The one-week winning streak that led mortgage rates back into historically low territory came to an end as a result. While economic growth seems to have stalled, this data tells us the economy isn't in free-fall mode. RECAP In the chart of Consumer Rate Quotes below, if the note rate line is moving up, the closing costs associated with it are on the rise. If the note rate line... Aug 2, 2011 1:42PM Transparency is critical and today much of the paperwork associated with a mortgage is far too confusing. Recent government regulations have made credit products, especially mortgages, even more opaque with mandated disclosures in obscure legal language produced in small type. As a result, an extra burden has been imposed on lenders while providing no additional benefit to consumers. Elizabeth Warren, the ex-Special Advisor to the Secretary of the Treasury for the Consumer Financial Protection Bureau...
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