Recent News

What Makes Your FICO Credit Score Change Each Month?

Keeping a decent credit score can help you get access to better, lower mortgage rates. Free advice to help you boost your credit scores quickly.

100% LTV Mortgages & Today’s Low Rates Boost U.S. Housing Starts

With mortgage rates making new loans, single-family housing starts resumed rising in March. Analysis of the data, plus live mortgage rate quotes at ready-to-lock levels.

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.

Downpayment Gifts: How To Give And Receive A Cash Downpayment Gift For A Home

Step-by-step instructions for accepting a cash downpayment gift on a home, including a ready-to-use gift letter template. Also, get live rate quotes at today's favorable pricing.

Predicting Mortgage Rates: The Mortgage Rate Game Announces Winners For Q1 2015

Joe Caltabiano of Guaranteed Rate topped the Q1 2015 list of mortgage-rate prognosticators -- and it wasn't even close. Top rankings and player reviews, plus forecasts for next quarter.

8 Behaviors That Will Kill Your Mortgage Approval — After You’ve Already Been Approved

8 behaviors to should avoid while your mortgage approval is in-process. A detailed list, plus access to today's live mortgage rate quotes, which are now near their lowest of all-time.

Today’s Mortgage Rates Boosting Confidence In U.S. Housing

Builder confidence is high. Prices are climbing with homes in demand. Market analysis plus all of your mortgage options. Live quotes at today's rates near their lowest of all-time.

New FHA Streamline Refinance Rules Alter Loan Closing Dates

The FHA has changed its FHA Streamline Refinance policies, which makes it easier to close on a refinance loan. A review, plus access to today's FHA rates which are near their cheapest of all-time.

Simple Mortgage Definitions : Discount Points

Details on mortgage discount points. How they work and what they cost. Compare today's discount points and get today's live mortgage rates which are now approaching all-time lows.

VA Mortgages Allow 100% Financing For Purchases, Underwater Mortgages For Refinance

The VA Loan Guaranty allows for no-money-down mortgages. More buyers are opting to make downpayments, though. Analysis, plus access to today's live rates, which are the cheapest of all available rates.

What To Do About All Of Today’s Mortgage Programs

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.

Getting Smart With This Week’s Mortgage Rates (Conv, FHA, VA, USDA)

Mortgage rates keep dropping and buyers of homes keep buying. What will rates do next? How will you get the lowest rate possible? Analysis, plus live rates near their lowest of all-time.

Mortgage Rates Hit With A “Reverse-Bang”

Current mortgage rates remain below 4 percent, with the Federal Reserve prepping to raise the Fed Funds Rate soon. Get today's live quotes with rates at the lowest of the year.

Simple Mortgage Definitions : Loan-To-Value (LTV)

Learn how to calculate your loan-to-value (LTV) and see what mortgage programs may be available to you. Mortgage rates available, too.

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

There are 2 widely-accepted ways you can calculate your maximum home purchase price. What you should know about both methods, plus live mortgage rates at ultra-low levels.

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.

Read More

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.