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Current Mortgage Rates – 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.

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

Mortgage rates remain below 4%, but what will happen once April begins? Should you lock or float your rate? Analysis, plus quotes for today's rates at their lowest levels in close to two years.

Beware: Today’s Mortgage Rates Subject To “Long Weekend” Effect

For the second time this year, mortgage rates have bounced off of a bottom. This week, because of jobs data, rates may rise from their current levels near 3.75%.

4 Errors Which Will Raise Your Mortgage Closing Costs

Four common mistakes borrowers make which increase their mortgage closing costs, and how to avoid making them yourself. Today's rates are now quoted near the lowest this year.

Mortgage Rates Today Have Millions Of Homeowners “In The Money”

Current rates have millions of homeowners "in the money" to refinance and are allowing FHA homeowners to cancel their FHA MIP. Today's mortgage rates are the lowest in more than six weeks and near the lowest of all-time.

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 Rates Today Are The Lowest In 2 Months

FHA, VA and conventional mortgage rates have dropped to a 2-month best and are approaching the all-time lows set in May 2013. Today's mortgage rates are ripe for locking.

New Home Sales Reach 7-Year Best As Spring Housing Markets Get Underway

Home buyers are snapping up today's new construction with mortgage rates low and rents rising. Full analysis, plus access to mortgage rates which are now hitting near a 2-year best.

Low Mortgage Rates Helping To Push Home Values Near 2007 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.

Are Home Sellers Scared The Buyers Will Leave When Mortgage Rates Rise?

Low mortgage rates and "scared sellers" may be juicing the spring market. What you should know about today's market as 30-year mortgage rates fall to 22-month bests.

Seller’s Housing Market Reaches 30 Months With Mortgage Rates Still Low

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.

Mortgage Rate Forecast: Strong U.S. Dollar Pushes Rates Down

Mortgage rates are dropping after last week's Fed meeting. So, is today the right time to lock your rate or should you float? Today's mortgage rates are the lowest they've been all year.

Don’t Play With Matches (And Other Advice For 2015 Mortgage Rates)

Mortgage rates have dropped as the Fed continues to lose its predictive ability over the economy. How this may affect housing with today's rates near all-time lows.

The Documentation You’ll Need For Today’s Lowest Mortgage Rates

Mortgage lenders are giving their lowest rates to buyers showing certain documentation. See what you'll need, and get access to complimentary mortgage rate quotes.

These Days, It Seems Like Everyone’s Looking For A Mortgage Refinance

There's a reason why U.S. homeowners are rushing to refinance. Mortgage rates are low and there's concern that won't last. Full market analysis, with access to up-to-date mortgage rate quotes.

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.