Recent News

VA Loans, Refinance Programs & Today’s Mortgage Rates

How to qualify for a VA loan guaranty, get your loan through underwriting, and close on the mortgage quickly. Rules and live mortgage rates.

Mortgage Rates Today

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.

July Employment Report Pushes 30-Year Mortgage Rates Lower (FHA, VA, USDA & Conv.)

Mortgage rates are dropping after the government's release of the May 2014 Non-Farm Payrolls report. Analysis and live mortgage rate quotes.

100% VA Loans For Manufactured Homes & VA Mortgage Rates

About VA loans, including approvals for non-standard homes such as mobile homes and income-producing properties. Live mortgage rate quotes.

2014 USDA Loan Income Limits – USDA Eligibility

About the USDA Rural Housing Program (Section 502), including household income limits for 2014. Lookup table by county, plus mortgage rates.

30-Year Mortgage Rates Jump After Fed’s July FOMC Meeting

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

Current Mortgage Rates Threatened By Friday’s Jobs Report Release

The Non-Farm Payrolls report makes Wall Street jumpy and the report releases Friday. Low mortgage rates are at risk. Read more and get today's mortgage rates.

8 Things Your Mortgage Lender Should Disclose To You

Ask these 8 questions of your lender and you'll improve your chances of getting that great mortgage loan. Free mortgage rates available.

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.

Pending Home Sales Index Stays Above 100 Amid Low Mortgage Rates, Strong Demand

National Association of Realtors® uses its contract data to forecast another strong month for housing. Analysis plus live mortgage rates.

Mortgage Rate Forecast (FHA, VA, USDA & Conv.) Plus Weekly Calendar

Mortgage rates are lower-than-expected. Analysis of this week's action including the FOMC meeting and jobs data. Live rates available.

Minimum Credit Score For FHA Loans Drops 40 Points

Credit score requirements are dropping for the FHA mortgage. Analysis and effect on U.S. home buyers, plus today's live FHA mortgage rates.

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.

New Home Supply In “Seller’s Market” Territory; Home Prices Rise

The lowest mortgage rates in 12 months have helped keep new construction home affordable. Builders control the market, but buyers can still get deals. Analysis and an instant rate quote.

FHA HAWK Program: “Homeowners Armed With Knowledge” Get FHA MIP Reductions

About the FHA Homeowners Armed With Knowledge (HAWK) program and how it works. Get lower FHA MIP rates plus today's live rate quotes.

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.

Get Your Very Latest Rate Quote Now!