Recent News

“Effective” FHA Mortgage Rates Now Lowest In Recorded History

The monthly cost of an FHA mortgage rate is the lowest in U.S. history. What you need to know about FHA home loans, plus complimentary mortgage rate quotes.

It’s Been A 28-Month “Seller’s Market” As Low Mortgage Rates Persist

Home sales are rising nationwide, boosted by luxury homes, low-downpayment buyers, and ultra-low mortgage rates. Analysis and a complimentary mortgage rate quote.

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.

FHA Lowers Its Mortgage Insurance Premiums (MIP) For All New Loans

For the first time in more than a decade, the FHA has lowered its mortgage insurance premiums (MIP). Complete analysis and review, plus a complimentary FHA rate quote.

Mortgage Rate Preview: Will 30-Year Rates Fall Because Of Greece, Fed?

Mortgage rates dropped last week and have returned to May 2013 levels. What's ahead for this week's market? Market analysis, plus complimentary mortgage rate quotes.

Refinance Your Loan Without Paying Huge Mortgage Closing Costs

Don't let rising mortgage closing costs affect your decision to refinance. There are several ways to reduce your loan fees, and get to make your refinance worthwhile.

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.

Current Mortgage Rates Boost Homebuilder Confidence For 2015

Homebuilder confidence is high with builders raising prices and homes in high demand. Analysis of the market, plus a complimentary mortgage rate quote.

How To Cancel Your FHA Mortgage Insurance Premiums (MIP)

How FHA mortgage insurance premiums work, and how to cancel your monthly MIP. With the right steps, eliminate FHA MIP in 30 days or fewer.

With Mortgage Rates In The 3s, Home Values Ratchet Higher

As mortgage rates drop, home values rise. What's ahead for U.S. housing in 2015, plus instant access to today's low rates.

Don’t Miss Your Last Chances To Use The HARP Refinance Program

With current HARP mortgage rates near 20-month lows, U.S. homeowners are using the HARP refinance less than ever. Analysis of the situation plus a live mortgage rate quote.

Ask These 6 Mortgage Questions Before Buying A Home

Long before you actually buy a home, you start to THINK about actually buying a home. The questions to ask, plus today's live mortgage rates.

Specific Days To Close Your FHA Streamline Refinance For Maximum Mortgage Savings

Choose a "bad closing day", and the FHA can double-charge your loan interest. Use this calendar to avoid such a pitfall. See today's FHA mortgage rates.

Home Buyer’s Flowchart: Find The Best Mortgage Loan To Meet Your Home Loan Needs

With so many mortgage choices, how can you be sure you've picked your "best" option? Conventional, VA loan, FHA -- this flowchart guide will help you.

Which Is Better? 15-Year Mortgage Rates Or 30-Year Mortgage Rates?

Many homeowners now prefer the 15-year mortgage over the 30-year loan. Read more about 15-year mortgages, and get a complimentary mortgage rate quote.

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.