Recent News

What Will Mortgage Rates Do Next? Analysis For June 2015.

Is today a good day to lock a mortgage rate, or should you float your rate in hopes of something lower? Full analysis, plus a look at today's live rates.

Buying A Home With A Boyfriend, Girlfriend, Partner, Or Friend

Important advice for buying a home with a boyfriend, girlfriend, or partner. Read more and get today's live mortgage rates.

Seller’s Housing Market Hits 32 Months; Supply Remains Tight Nationwide

Home sales are rising, boosted by luxury homes, low-downpayment buyers, and low interest rates. Analysis, plus access to today's mortgage rates which are at their lowest in close to two years.

Mortgage Rates Today – Today’s Analysis on Rates

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.

With Mortgage Rates Low, Half Of U.S. Homes For Sale In April Sold In 39 Days

Low mortgage rates and "scared sellers" may be juicing the spring market. What you should know about today's market as 30-year mortgage rates readily steadfastly south of 4 percent.

Mortgage Rates Drop For First Time In 4 Weeks, Says Freddie Mac

Freddie Mac reports current mortgage rates dropping, and remaining below 4%. Millions of homeowners now "in the money" to refinance to a 3-handle mortgage rate.

Co-Signing A Mortgage Loan : Instructions, Plus Tips To Protect Borrowers And Co-Borrowers

/VIDEO/ Learn the proper way to co-sign a mortgage. Protect yourself and your co-borrower(s). Instructions, and today's live mortgage rates.

Mortgage Rates Moving Lower After Fed Minutes Release

The Federal Reserve might not raise the Fed Funds Rate as soon as Wall Street expects. How this affects today's mortgage rates, which are currently at levels beneath four percent.

Refinance Your Home As A Zero-Closing Cost Mortgage

Don't let rising mortgage closing costs affect your decision to refinance. Ways to reduce your loan fees on your next refi. Tips plus live rate quotes.

Home Buyers Using No-Money-Down Mortgages For New Construction

With mortgage rates making new loans, single-family housing starts resumed rising in March. Analysis of the data, plus live mortgage rate quotes at ready-to-lock levels.

Think You Know Where Home Values Are Headed? Think Again.

In today's housing market, is it better to be a buyer or a seller? Data from Fannie Mae's National Housing Survey, plus access to today's live rates at levels near the lowest of all-time.

With Mortgage Rates Beneath 4%, Builder Confidence “Good”

Buyers are snapping up homes using low-downpayment loans. Builders like what they see. Analysis of the Housing Market Index, plus live quotes at rates near their lowest of all-time.

Being Smart About This Week’s Mortgage Rates (Conv, FHA, VA, USDA)

Mortgage rates rose for the 3rd straight week last week, but remain firmly under 4%. What will rates do next? Market analysis, plus today's live rates.

A Closer Look At Green VA Energy Efficient Mortgages (EEM)

About the VA Energy Efficient Mortgage (EEM) program. Finance eco-friendly home improvements with your mortgage. An overview and today's live mortgage rates.

FHA Back To Work Program Waives Foreclosure, Bankruptcy, And Short Sale Waiting Periods

The FHA's Back To Work - Extenuating Circumstances mortgage program waives the standard 3-year waiting period after a foreclosure or short sale, and 2-year waiting period after a bankruptcy.

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.