Recent News

Simple Mortgage Definitions : Pre-Qualification And Pre-Approval

Buying a home? You'll need a pre-approval letter. Sellers won't think you're serious without it. Get a no-cost letter here, plus today's rates which are now near the lowest of all-time.

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.

Today’s Mortgage Rates Are The Lowest Since 3 Months Ago

FHA, VA, and conv. mortgage rates have fallen to a 3-month best. Today's rates are ripe for locking. See where rates are lowest and get today's live quotes.

100% Loans: 2015 USDA Loan Income Limits & USDA Eligibility Check

About the USDA Rural Housing Program (Section 502), including household income limits for 2015. Lookup table by county, plus mortgage rates.

U.S. Homes Flying Off The Shelves; Are Sellers In A Panic?

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.

“Delayed Financing” Mortgage Lets Buyers Cash-Out Refinance Tomorrow After Buying With Cash Today

Special loan program lets buyers do a cash-out refinance the next day after purchase. No special requirements. Program review & complimentary rate quote.

Mortgage Rates Explained

Current mortgage rates, plus tips for locking the best mortgage rate today. Everything you need to know and today's live mortgage rates.

Today’s Mortgage Rates Push Home Values To Within 1.5 Percent Of 2007 Peak

As today's mortgage rates drop, homes are selling quickly and home prices are rising. What's ahead for housing, plus access to today's mortgage rates which near their lowest since two years ago.

How Today’s Mortgage Rates Might Soon Hit 2%

A confluence of factors could soon lower today's conventional mortgage rates to the 2s. Analysis of the market plus access to live quotes at today's rates.

These Days, It Seems Like Everyone’s Looking For A Mortgage Refinance

There's a reason why U.S. homeowners are rushing to refinance. Mortgage rates are low and there's concern that won't last. Full market analysis, with access to up-to-date mortgage rate quotes.

Today’s Mortgage Rates Could Move Violently, Subject To “Technical” Trades

Nothing disturbs markets more than a "trading freeze" while the real world is fluxing. What it means to your rate, and what you should do about it.

What Makes Your FICO Credit Score Change Each Month?

Keeping a decent credit score can help you get access to better, lower mortgage rates. Free advice to help you boost your credit scores quickly.

100% LTV Mortgages & Today’s Low Rates Boost U.S. Housing Starts

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.

Downpayment Gifts: How To Give And Receive A Cash Downpayment Gift For A Home

Step-by-step instructions for accepting a cash downpayment gift on a home, including a ready-to-use gift letter template. Also, get live rate quotes at today's favorable pricing.

Predicting Mortgage Rates: The Mortgage Rate Game Announces Winners For Q1 2015

Joe Caltabiano of Guaranteed Rate topped the Q1 2015 list of mortgage-rate prognosticators -- and it wasn't even close. Top rankings and player reviews, plus forecasts for next quarter.

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.

Read More

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.