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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.

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.

Fannie Mae Lowers Mandatory Waiting Period After Bankruptcy, Short Sale, & Pre-Foreclosure

Effective immediately, the waiting period after a "significant derogatory event" is reduced by half. Read about the Fannie Mae, and get today's live rates.

Homes Selling Too Fast For Buyers? Median Days On Market Hits All-Time Low.

Median Days on Market has reached an all-time low, with homes selling in less than a week in many U.S. cities. "You snooze, you lose?" Read more here.

This Is The Loan Program With The Lowest Mortgage Rates Today

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.

Freddie Mac Report Shows Where Mortgage Rates Are Highest, Lowest

Freddie Mac shows mortgage rates lower as compared to last week, with rates lowest in California, Washington, and Oregon. Complete analysis and live rate quotes here.

Home Buyers Face Rising Prices; Values Rise To Within 0.5% 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.

As First-Time Buyers Flood Market, Median Sale Price Hits All-Time High

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.

Reasons To Let Your Adjustable-Rate Mortgage (ARM) Adjust

There's no rush to refinance that ARM. Since 2003, homeowners with ARMs have beat the market and come our ahead. Details on ARMs, plus today's rates at which are near the lowest of all-time.

Updated “Conventional 97″ Program Requires Just 3% Down (New For 2015)

Another low-downpayment option is available to today's home buyers. The 97% LTV program can be used to refinance, too. Q&A plus access to live rate quotes. Interview Series: Lawrence Yun, Chief Economist, National Association of REALTORS® interviews Lawrence Yun, Chief Economist, National Association of REALTORS® (NAR). An in-depth look at the economy and U.S. housing.

Low Mortgage Rates Help Push Homebuilder Confidence To Pre-Recession Best

Homebuilder confidence soars. New construction buyers lose negotiation leverage. Analysis of the market, plus access to today's live mortgage rate quotes.

U.S. Consumers Offer Their Mortgage Rate Predictions For 2016

Fannie Mae survey shows homeowners expecting mortgage rates to climb into 2016, which may be spurring home sales. Analysis and access to today's live rates.

Tax Benefits And Deductions Available To U.S. Homeowners (2015 Edition)

U.S. homeowners can get tax credits and tax deductions from the Internal Revenue Service (IRS). Maximize your claims, and get today's mortgage rates. Updated for 2015.

VA Home Loans: The Lowest Mortgage Rates with No PMI Required

VA loans allow 100% financing, never require mortgage insurance, and offer mortgage rates which are the lowest of what's around. Also, today's rates are ultra-low.

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.