Recent News

How The Greece Default Is Affecting U.S. Mortgage Rates

Greece is expected to default on its debts to the IMF and ECB; and may soon exit the Eurozone. How this is affecting U.S. mortgage rates, plus live rates quotes.

2015 FHA Mortgage Options, Benefits & Requirements

About the FHA mortgage loan and its benefits to U.S. consumers. All FHA programs included.

VA Home Loan – Mortgage & Refinance Programs

About the VA Loan Guaranty Program from the Department of Veterans Affairs. Program details plus today's live VA mortgage rates.

2015 HARP Refinance Options

HARP loans are getting easier to get approved, and household savings are near 30% annually. Read more and get today's live mortgage rates.

Pending Home Sales Hit 9-Year Best; U.S. Home Sales Soaring

The Pending Home Sales Index hits its highest level in 9 years. Low- and no-downpayment mortgages are helping to boost sales. Analysis and rate quotes at levels near their lowest of all-time.

Current Mortgage 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.

Mortgage Rate Forecast For July 2015 (FHA, VA, USDA & Conv)

Mortgage rates begin July near 4%, but how will they move over the next 4 weeks? Analysis of what's moving markets, plus access to live mortgage rates and quotes.

Low- And No-Downpayment Mortgage Options For First-Time And Repeat Buyers

There are plenty of low- and zero-downpayment mortgages for today's home buyers. Analysis of the available programs, updated for 2015; plus, complimentary qualifying rate quotes.

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.

Opinion: Higher Mortgage Rates Won’t Derail Housing

Mortgage rates can't stay low forever but, when they rise, it won't be bad for housing. Home sales will likely rise. Read more and get today's live rates.

Half Of U.S. Homes Now Selling In 40 Days Or Fewer, Says National Association Of REALTORS®

Low mortgage rates and "scared sellers" may be juicing today's housing market. What you should know about today's market and the availability of low- and no-downpayment mortgages.

Consumers Are Terrible At Predicting Home Values, Fannie Mae Survey Shows

In today's housing market, is it better to be a buyer or a seller? Data from Fannie Mae's National Housing Survey, plus access to today's live rates at levels near the lowest of all-time.

VA Mortgage Rates Beat FHA And Conventional Mortgage Rates

VA mortgage rates are the cheapest of today's mortgage rates -- and it's not even close. Full analysis, plus live quotes for buyers and refinancers at the lowest points of all-time.

With Buyers In Full Force, U.S. Home Values Now Within 1.0% Of All-Time 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.

New Home Sales Hit 7-Year Best On Low U.S. Mortgage Rates

Mortgage rates are low and U.S. rents are rising. Home buyers are snapping up today's new construction. Analysis, plus access to mortgage rates which still hover near 4 percent.

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.