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Current Mortgage Rates Fall To Lowest Levels Of 2014; It’s Time To Refinance

Today's mortgage rates are at the lowest point of the year. Market analysis plus live mortgage rate quotes.

Simple Mortgage Definitions : Pre-Qualification And Pre-Approval

Buying a home? You'll need a bona fide pre-approval letter. Sellers won't take your offer without one. Get one here. It's fast and no cost.

Federal Reserve Stays On Message With July Minutes; 30-Year Mortgage Rates Persist Near 4%

The Federal Reserve is still a long way from removing its market stimulus. How it's affecting mortgage rates and what to expect. Analysis and quotes.

Can You Sell That Home To An FHA Buyer? FHA Minimum Property Standards For 2014.

FHA-insured properties must meet minimum health and safety standards. What you need to know, and how to get your home FHA approved. Updated for Q3/Q4 2014.

Fannie Mae Survey: Consumers Struggle To Guess Future Mortgage Rates, Home Values

Is it a good time to buy? Or to sell? Consumers have no idea, it turns out. Read more on the Fannie Mae National Housing Survey, and get today's live rates.

100% LTV Mortgages Help Kick-Start Housing Starts, Builder Confidence

Single-family housing starts jumped in July. What it means for the U.S. housing Market and your plans to buy a home. Mortgage rate quotes available.

How The HARP Mortgage Changed The Way U.S. Homeowners Refinance

U.S. homeowners refinance differently since HARP 2 launched. It's easier than ever to refinance an underwater mortgage. Read more and get today's rates.

Homebuilder Confidence Rises To 7-Month Best; Low Mortgage Rates Help Stoke Buyer Demand

Homebuilder confidence is soaring. New construction home buyers are losing negotiation leverage. What to watch for, and where to get low mortgage rates.

Mortgage Rate Forecast: Will Conventional Rates Follow VA And FHA Mortgage Rates Below 4%?

Mortgage rates continue to improve. Conventional rates begin the week near 60-week lows. What to expect for the week, plus live mortgage rate quotes.

How To Refinance Via The VA Loan Program (Even If Your Current Mortgage Is Not With The VA)

The Department of Veterans Affairs lets non-VA homeowners to refinance into VA loans. Read more and get access to today's VA mortgage rates.

When’s The Best Time To Buy A Home When Prices For Homes Keep Rising?

Home affordability fell to a 6-year worst last quarter despite low mortgage rates. With home values rising, what should buyers do? Analysis and live mortgage rate quotes.

30-Year Mortgage Rates Drop Again, Now 4.12%; Homeowners “In The Money”

Mortgage rates dropped again, defying expert prediction. How low will mortgage rates go? Analysis and live rate quotes. Safe and secure.

Applying For A VA Loan? Here’s How To Get The VA Certificate Of Eligibility (COE) You’ll Need

In order to be VA loan-approved, military borrowers must show a valid Certificate of Eligibility (COE). Get your COE instantly. Here's how to do it online.

Today’s Common Mortgage Programs Which Don’t Require 20% Downpayment From Home Buyers

Mortgage rates are low, and there are plenty of low- and no-downpayment mortgages for buyers. Updated for 2014 + today's mortgage rates.

FHA Mortgage Rates – Comparing FHA, USDA & Conventional Loans

Reviewing today's most widely-used loan programs. Helping you choose your best mortgage program at the lowest available mortgage rate.

Looking for low mortgage rates today? You're not alone. Millions of U.S. consumers shop for mortgage rates annually. Some get the lowest mortgage rates available and others overpay.

Shopping for a mortgage can be a challenge. This is because mortgage rates change all day, every day. Plus, there's no formula to show where rates will go next.

Mortgage rates can change up to 5 times daily, reacting to world news, economic events, and Wall Street sentiment. The rates you see from a lender in the morning are rarely the same rates that you'll see in the afternoon. And, certainly, by the next morning, mortgage rates have changed again.

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As mortgage rates have dropped since 2009, tens of millions of U.S. homeowners have refinanced their homes. To "refinance" is to replace your current mortgage with a new one -- often one with a lower mortgage rate.

Refinances come in three main varieties -- the cash-out refinance, the cash-in refinance, and the rate-and-term refinance.

With a cash-out refinance, a homeowner converts home equity into cash, with no restrictions on how the cash is used. Some homeowners use cash-out mortgages to pay for home repairs; or, to pay for a college or post-graduate education; or, to fund downpayments for a future home purchase.

Cash-in refinances are the opposite of cash-out refinances. With cash-in refinances, homeowners lower the amount owed on the home -- often to eliminate mortgage insurance or to get access to lower mortgage rates. Less than 5 percent of all refinances are of the cash-in variety.

The most common refinance type, then, is the rate-and-term refinance.

In a rate-and-term refinance, the homeowner lowers its loan's current mortgage rate; shortens its loan's term (i.e. length in years); or, does both. An example of a rate-and-term refinance is lowering your mortgage rate from 6% to 4%.

Rate-and-term refinances are available for all loan types, and some versions are "branded", as with the FHA Streamline Refinance and VA Streamline Refinance (IRRRL) programs. The Home Affordable Refinance Program (HARP) is also a rate-and-term refinance program.

At today's mortgage rates, the typical refinancing homeowner can reduce monthly payments by one-fourth.

Banks are making it easier to get approved for a mortgage today, which is great news for US. home buyers. Low- and no-downpayment mortgages are more abundant than during any period in the last 10 years; and, mortgage rates today are lower than they've been in history.

For buyers with a budget and a plan, buying a home has never been easier.

Home shoppers who want to make the smallest downpayment possible have access to the VA loan and the USDA loan -- both of which allow for 100% financing. Backed by the Department of Veterans Affairs and the U.S. Department of Agriculture, respectively, these programs require no downpayment whatsoever and provide flexible approval standards for eligible buyers.

Today's buyers also have access the FHA mortgage which requires just 3.5% down. The FHA is the world's largest insurer of mortgage loans and mortgage rates for FHA mortgages rival the mortgage rates offered on conventional loans backed by Fannie Mae or Freddie Mac.

Meanwhile, for buyers making a downpayment of twenty percent or more, mortgage options are plentiful, including access to construction loans for financing home improvements.

First-time buyers, repeat buyers, and real estate investors are benefiting from today's low mortgage rates and access to a wide array of products.

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