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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 Rates Average 3.98%; 15-Year Rates At 3.13%

Mortgage rates are defying expert predictions. Analysis on today's 30-year and 15-year fixed-rate mortgage rates, plus live quotes from lenders.

With Mortgage Rates Ultra-Low, Purchase Loans More Likely To Get Approved Than Refinances

Purchase loans outnumber refinances, and are more likely to get approved. Analysis on the shift and what it takes to get approved, plus today's live mortgage rates.

30-Year Mortgage Rates Changing After Fed’s October FOMC Meeting

Mortgage rates are changing after the Federal Reserve's October 2014 meeting. How high will rates ultimately go? Analysis and live quotes here.

Cheap Jumbo Mortgage Rates Help To Propel Home Sales Over $500,000

NAR reports strong home sales through September 2014. Luxury housing and jumbo mortgage rates have helped to boost the market. Analysis and live quotes.

6 Untrue Things People Say About FHA Mortgages & FHA Mortgage Rates

FHA rates are often lower than comparable conventional loans, and approvals can be easier to get. Here's how to pre-apply and get approved for an FHA home loan.

Pending Home Sales Index Posts Second-Best Reading Of 2014; Home Sales Strong Amid Low Mortgage Rates

The summer housing market finished strong, according to the Pending Home Sales Index. Values and demand is high. Analysis plus today's live mortgage rates.

Your Mortgage Rate Strategy For This Week’s FOMC Meeting

The Fed adjourns from a 2-day meeting Wednesday. The Fed doesn't set your mortgage rates but it influences them. Consider locking in now -- before rates rise.

New Home Sales Hit 6-Year High; Sub-4% Mortgage Rates Aiding Buyers

New home buyers are flooding the market, pressuring home prices higher. With mortgage rates cheap, homes remain affordable. Market analysis and rates here.

What’s Next For Mortgage Rates: Federal Reserve To Lead Interest Rates Higher?

The Federal Reserve meets this week. How the meeting may affect this week's mortgage rates, and mortgage rates through the rest of 2014.

203K Loan: FHA Construction Loan Mortgage Programs (Section 203 Standard, Streamlined)

The FHA 203k loan is a "home construction" loan available in all 50 states. Find out if you qualify, and get today's live mortgage rates.

4 Mistakes Which Increase A Home Buyer’s Mortgage Closing Costs

Four common mistakes borrowers make which increase their mortgage closing costs, and how to avoid making them yourself. Analysis and live rate quotes, too.

VA Mortgage Rates Lower Than Conventional Mortgage Rates By 0.375 Percentage Points

VA mortgage rates are now the cheapest of all loan types -- 0.375% lower than a conventional rates, and 0.25% below FHA rates. Get live rates quotes now.

Current Mortgage Rates At Least 1/8% Than Normal Lower Because Of “Technology”

Mortgage lenders are closing refinances more quickly, which has helped to lower mortgage rates 1/8% or more. Analysis and live rate quotes.

Mortgage Rates Reach 72-Week Low At 3.92%; Rates Lowest In California & Washington

As mortgage rates, payments drop with them. Analysis of today's mortgage rates, plus live rate quotes for a wide mix of products.

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.