Recent News

Median Days On Market Down 44% Since December; Are Home Sellers In A Panic?

Very-low mortgage rates and "scared sellers" have U.S. homes selling more quickly. What it means for buyers, plus today's live mortgage rates.

How Much Home Can You Afford At Today’s Mortgage Rates?

There are two widely-accepted ways to calculate your maximum home purchase price. What you need to know about both methods, plus today's live mortgage rates.

Existing Home Sales Rise In June, Aided By Low Mortgage Rates And Looser Mortgage Guidelines

Home sales are rising nationwide, boosted by luxury homes and low-downpayment buyers. Analysis, plus a live look at today's 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.

VA Streamline Refinance: About The VA IRRRL Mortgage Program & VA Mortgage Rates (Updated For August 2014)

Updated: Explanation of the VA mortgage loan program including Q&A, the VA Streamline Refinance (IRRRL), and today's VA mortgage rates.

U.S. Housing Starts Fall To Lowest Levels In 20 Months; Builders Still Raising Prices

Housing starts drop for third straight month. What it means for buyers and the future of new construction. Analysis and live mortgage rates.

Mortgage Rate Forecast & Predictions (FHA, VA, USDA, Conv)

Mortgage rates dropped again last week so how long until rates get to the 3s? Expert market analysis plus access to today's live rates.

Today’s Common Mortgage Programs Which Don’t Require 20% Downpayment From Home Buyers

Mortgage rates are low, and there are plenty of low- and no-downpayment mortgages for buyers. Updated for 2014 + today's mortgage rates.

Refinance Mortgage Rates (FHA, HARP, VA, Cash Out)

How to refinance your mortgage, plus descriptions of "special" refinance programs including HARP 2, FHA Streamline Refinance, VA IRRRL.

Beating The Big Banks: How Some U.S. Homeowners Now Get 2.79% Mortgage Rates With No Closing Costs Whatsoever

For the last 11 years, homeowners with ARMs have trounced the market and "beat the Big Banks". Read more and see today's mortgage rates.

30-Year Mortgage Rates Drop Again, Now 4.13%; 15-Year Rates Fall To 3.23%

Mortgage rates dropped again, defying expert prediction. How low will mortgage rates go? Analysis and live rate quotes. Safe and secure.

What’s Next For Mortgage Rates? Only 40 Out Of 1,000 Consumers Guess Right.

Looking for the future of 30-year mortgage rates? You may want to ignore the Fannie Mae Housing Survey. Analysis plus today's live rates.

VA Mortgage Rates & 10 Bona Fide Benefits Of Taking A VA Loan

Beyond low mortgage rates, VA loans offer benefits unmatched by conventional and FHA financing. 10 great reasons why your next home loan might be a VA loan.

With Mortgage Rates Down, Homebuilder Confidence Rises To 6-Month Best

Homebuilder confidence is soaring. New construction home buyers are losing negotiation leverage. What to watch for, and where to get low mortgage rates.

HARP Mortgage Rates & Eligibility Lists By State

You may be eligible for the Home Affordable Refinance Program (HARP) and not know it. Find out more plus today's live HARP mortgage rates.

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!