Recent News

Mortgage Rates Today – Home Loan Rates & Trends

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.

Strong February Jobs Report Pushes 30-Year Mortgage Rates Higher (FHA, VA, USDA & Conv.)

Mortgage rates rose sharply after the release of the February 2015 Non-Farm Payrolls report. Complete analysis, plus access to complimentary mortgage rate quotes.

Today’s Mortgage Rates Expected To Change On Friday’s Jobs Report

Non-Farm Payrolls releases Friday. Current mortgage rates are at risk. More on the jobs report and how it affects mortgage rates. Live quotes available.

30-Year Mortgage Rates Fall To 3.75%; First Drop In 4 Weeks

Mortgage rates dropped to 3.75% -- the first time rates have dropped in 3 weeks. Refinancing is getting easier. Analysis, plus complimentary mortgage 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 just 3% down. Analysis plus a complimentary mortgage rate quote.

Refinances Are The Hottest Mortgage Product In Today’s Low-Rate Market

Refinance loans overtake purchases as mortgage rates drop to the 3s. Analysis on the shift, what it takes to get approved, and today's live rates.

Harp Loan Program : Rates & Guidelines 2015

Easy-to-read HARP 2.0 mortgage guidelines with HARP mortgage rates attached. The latest news, plus live mortgage rates. Safe and secure.

Lowest Mortgage Rates (In Order): VA Loans, Then FHA Loans, Then Conventional

VA mortgage rates are the cheapest of all of today's mortgage rates -- and it's not even close. Full analysis, plus a complimentary mortgage rate quote.

Mortgage Rate Predictions For March 2015 (FHA, VA, USDA & Conv)

This month's mortgage rates are below 4%, but what should you expect for March? Should you lock or float? Full analysis, plus access to today's live rates.

Free Access To Your Mortgage Credit Scores, Plus 5 Ways To Improve To Your FICO

A review of how credit scores work, plus access to your actual mortgage credit scores. Safe and secure. No-obligation mortgage rate quotes available.

With Mortgage Rates In The 3s, Home Price Gains Suddenly Accelerating

As today's mortgage rates drop, home values begin to accelerate higher. What's ahead for U.S. housing, plus instant access to today's low rates.

How Much Can You Save With The New FHA MIP?

The FHA lowered mortgage insurance premiums (FHA MIP) for the first time since 2001. How much will it save you? Analysis plus access to live mortgage rates.

New Home Sales Near 6-Year High; 3% Mortgage Rates Aiding U.S. Buyers

Home buyers are flocking to today's new construction. Low rates have helped homes stay affordable. Market analysis plus a complimentary mortgage rate quote.

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. Complimentary rate quotes available.

It’s Been A 29-Month “Seller’s Market” With Current Mortgage Rates Low

Home sales are rising nationwide, boosted by luxury homes, low-downpayment buyers, and ultra-low mortgage rates. Analysis and a complimentary mortgage rate quote.

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.