Recent News

FHA Loan vs. Conventional 97 : Which Is The Better Low-Downpayment Loan?

Comparing the FHA 3.5% downpayment program to the Conventional 97 program which requires 3% down. Analysis, plus complimentary mortgage rate quotes at near the lowest levels of all-time.

Why You Never Really “Skip” A Mortgage Payment When You Refinance

How to refinance your mortgage, and why you don't get to "skip" a payment as part of the process. Review loan options and get a complimentary rate quote.

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.

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.

IRRRL / VA Streamline Refinance Emerges As Popular Refi Choice

The Interest Rate Reduction Refinance Loan (IRRRL) is helping homeowners take advantage of today's low mortgage rates. Analysis and live rate quotes.

The 6 Standard Falsehoods Told 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.

Conventional, FHA, VA Mortgage Rates Changing After Fed April Meeting

Mortgage rates drift lower after the Fed's April 2015 meeting. Complete analysis, plus what it means for purchases and refinances. Rates now read near their lowest of all-time.

Adjustable-Rate Mortgages (ARMs) “Win The Market” For 13th Consecutive Year

Since 2003, homeowners with ARMs have beat homeowners using fixed-rate loans and have beat "The Big Banks", too. Read more about ARMs and get today's live mortgage rates which are near their lowest of all-time.

About The Federal Reserve, The FOMC, & The Fed Funds Rate

The Federal Reserve is the central banker of the United States of America. How "the Fed" works and how it affects consumer mortgage rates.

FHA Approved Condos And Mortgage Rates For FHA Condos

The latest standards for FHA-approved condos, plus how to apply for an FHA mortgage. Full details on FHA condos, plus a complimentary mortgage rate quote.

VA Streamline Refinance: About The VA IRRRL Mortgage Program & VA Mortgage Rates (Updated For 2015)

Full details about the VA mortgage loan program including comprehensive Q&A, the VA Streamline Refinance (IRRRL), and today's VA mortgage rates which are near their lowest of all-time.

Current Mortgage Rates Responding To This Week’s Federal Reserve Meeting

The Fed adjourns from a 2-day meeting Wednesday. The group doesn't set mortgage rates but it can influence them. Read more, get instant quotes at rates near their lowest of all-time

VA Loans: 10 Things To Know About The 100% Mortgage Program

When home buyers discover they're VA loan-eligible, they want to know about how the program works. Important advice, plus live access to today's rates which are as much as 40 bps (0.40%) lower than comparable conventional rates.

VA Loan FAQ: 10 Common Questions About 100% Mortgages

When home buyers discover they're VA loan-eligible, they want to know about how the program works. Important advice, plus live access to today's rates which are as much as 40 bps (0.40%) lower than comparable conventional rates.

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.

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.