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Mortgage Rates Today, Where Are They Headed?

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.

HARP Refinance Loan Program Expires In 15 Months

Despite ultra-low mortgage rates, homeowners use HARP refinance program less than ever. Analysis of the situation, plus live HARP mortgage rate quotes at near their lowest levels of all-time.

Mortgage Rates Drop Most In 33 Weeks, Says Freddie Mac

Freddie Mac reports current mortgage rates dropping, and remaining below 4%. Millions of homeowners now "in the money" to refinance to a 3-handle mortgage rate.

Harp Refinance Program – Making Home Affordable

About the Home Affordable Refinance Program (HARP). Program history and approval requirements, plus today's live mortgage rates.

Rising Prices For Home Buyers; Values Within 0.25% Of All-Time High

With today's mortgage rates low, homes are selling quickly and prices are rising, too. What's ahead for housing, plus access to today's mortgage rates which are near 4 percent.

100% LTV Mortgages & Today’s Interest Rates Boost Housing Starts

With mortgage rates below 4%, Single-Family Housing Starts surged to a 8-year best. Analysis of the data, plus live mortgage rate quotes at ready-to-lock levels.

Streamline Refinance – FHA Streamline Refinance Guidelines & Rates

Are you FHA Streamline Refinance eligible? Use this easy-to-follow format. Updated for changes to FHA MIP in 2015. Complimentary rate quotes available.

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.

The Loan Program With Today’s Lowest Mortgage Rates

Looking for the cheapest mortgage rate today? Make sure you ask about this specific loan program which beats "average" rates by more than a quarter percent.

Act Quick If You Want To Buy A Home — Median Days On Market At 42 Days.

Median Days on Market remains ultra-low as homes sell in less than a week in many U.S. cities. "You snooze, you lose?" Read more here.

Mortgage Rate Forecast: Interest Rates Down Huge This Week

Mortgage rates are making huge improvements this week, to the benefit of today's home buyers and refinancing households. Analysis and today's live quotes, which are their lowest since May.

So Many Mortgage Choices: Which Is Best For You?

Have a plan to choose the best possible mortgage for your home, and to get the lowest mortgage rates possible. Clear advice for buying a home and getting a low mortgage rate.

Simple Mortgage Definitions : Debt-To-Income (DTI)

Learn how to calculate your Debt-to-Income (DTI). See which mortgage programs and mortgage rates may be available to you.

Freddie Mac: Mortgage Rates STILL Beneath 4%

Freddie Mac reports that 30-year mortgage rates fell last week. Mortgage payments have dropped and refi opportunities are back. Today's rates are at an 11-week best.

Fewer First-Time Buyers Despite Low Rates, Available Low-Downpayment Loans

Home sales are rising, boosted by luxury homes, low-downpayment buyers, and low interest rates. Analysis, plus access to today's mortgage rates which are at their lowest in close to two years.

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.