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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.

New Report Shows States Where Mortgage Rates Are Highest, Lowest

Freddie Mac shows mortgage rates climbing last week, but remain firmly below 4%. In some states, rates are better than in other. Analysis and live quotes.

“Team Players” Close Their Mortgage Loans Faster

Treat your mortgage approval like a job, and be good to your team. Tips on playing well with others to get to closing faster. Practical advice you can use.

Renters Jumping On Today’s 3-Percent Mortgage Rates

Rising rents are driving renters to look at housing, and low- and no-downpayment mortgage options are helping them afford it. Analysis and rate quotes at today's live pricing.

The “Offer Letter” Mortgage: A Loan For People In-Between Jobs

Buying a home while you're in-between jobs, or waiting for your raise? Use the "Offer Letter" clause to get approved. Read more and connect with lenders.

Mortgage Rates: Everyone’s Waiting On Non-Farm Payrolls

Non-Farm Payrolls releases Friday. Today's mortgage rates are already on the rise. More on the August jobs report and how it can change your rate. Instant quotes available.

New Home Sales Keep Climbing As Mortgage Rates Dip Below 4%

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.

Is It Better To Rent Than To Buy A Home?

Should you rent a home, or buy one? With mortgage rates low, the argument to "buy" is strong. But what are the risks? Read more, and get today's rates.

VA Streamline Refinance: About The VA IRRRL Mortgage Program & VA Mortgage Rates (Updated For 2015)

Full details about the VA mortgage loan program including comprehensive Q&A, the VA Streamline Refinance (IRRRL), and today's VA mortgage rates which are near their lowest of all-time.

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

Mortgage rates are back below 4% but what's ahead for September? Will mortgage rates rise or will they drop? Predictions, plus quotes for today's rates.

Simple Mortgage Definitions : Title Insurance

All about title insurance including how it works and which types of coverage homeowners require. Shop for the today's mortgage rates, too.

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.

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.