Recent News

Home Sales Hit 2014 Highs As “Seller’s Market” Continues

Home sales are rising nationwide, boosted by luxury homes, low-downpayment buyers, and ultra-low mortgage rates. Analysis, plus live rate quotes.

Mortgage Rates Fall To 3.97%, Ignore Expanding U.S. Economy

Mortgage rates are defying the broad-based market rule that what's good for the economy is bad for mortgage interest rates. Analysis and today's live rates.

Lowest Mortgage Rates In 16 Months Can’t Boost HARP 2 Refinances

Despite ultra-low mortgage rates and huge monthly savings of up to 35%, homeowners are passing on today's HARP 2.0 program. Should YOU take a HARP 2 refi?

5 Types Of Homeowners Who Should Refinance Their Mortgage ASAP

Mortgage rates have dropped below 4%. APRs are low, too. Here are 5 homeowner-types who should refinance to today's low rates as soon as possible.

Why Today’s Mortgage Rates Are So Low (Conv., FHA, VA, & Jumbo)

Current mortgage rates are the lowest they've been this year, defying Wall Street and expert predictions. What analysts got wrong, plus today's live rate quotes.

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

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

The Must-Ask Questions Every Home Buyer Must Answer Before Even Thinking About Buying A Home

Long before you actually buy a home, you start to THINK about actually buying a home. The questions to ask, plus today's live mortgage rates.

Current Mortgage Rates Boost Homebuilder Optimism For 2015 Housing Market

Low mortgage rates and strong demand have homebuilders excited for the 2015 Housing Market. How buyers are affected, plus today's mortgage rates.

Mortgage Rates Today – Home Loan Rates & Trends

Current mortgage rates and mortgage market movement. Today's mortgage rates and mortgage news. Live rate quotes available. News and data provided by MBSQuoteline, a real-time mortgage market data service available to loan officers, real estate agents, and other finance professionals.

30-Year Mortgage Rate Drops To 3.97%; Will This Be The Bottom?

Mortgage rates have hit their lowest in 68 weeks. How low can rates go, and how can you do a zero-closing cost refinance? Read more and get a live quote.

What Is A Mortgage Refinance?

How to refinance your home and your mortgage, plus descriptions of "special" refinance programs including HARP 2.0, FHA Streamline Refinance, VA IRRRL

Fannie Mae Lowers Mandatory Waiting Period After Bankruptcy, Short Sale, & Pre-Foreclosure

Effective immediately, the waiting period after a "significant derogatory event" is reduced by half. Read about the Fannie Mae, and get today's live rates.

Mortgage Rate Forecast: Have 30-Year Rates Finally Bottomed Out?

Mortgage rates dropped for the 3rd straight week last week. What will rates do this week, though? Have rates bottomed? A look ahead, plus today's live rates.

Mortgage Interest Rates: Forecast, Predictions & Trends

Want to lock a low mortgage rate? It helps to know how mortgage interest rates work. Be a better shopper. Learn how to predict today's mortgage rates.

Free Access To Your Mortgage Credit Scores, Plus 5 Ways To Improve To Your FICO

A review of how credit scores work, plus access to your actual mortgage credit scores.

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.