Recent News

Data: Military Borrowers Actually Get Better Mortgage Rates

It pays to be a veteran. Using VA Benefits and the G.I. Bill, military borrowers get access to lower rates than the general U.S. population.

Home Buyer Mortgage Rate Forecast — December 2015 (FHA, VA, USDA & Conv)

Experts said mortgage rates would over 4.5% by now. They're not. They're in the 3s. What will happen in December, though? What about for January 2016?

FHA Approved Condos And Mortgage Rates For FHA Condos

The latest standards for FHA-approved condos, plus how to apply for an FHA mortgage. Full details on FHA condos, plus a complimentary mortgage rate quote.

New FHA Rules Affect Approvals, Alter Income & Debt Calculations

The FHA changed how it treats overtime income, part-time income, and gift funds; and, also how it treats student debt and loans for cars. This is big news for buyers of homes.

Is An FHA Loan Right For Me?

For many of today's home buyers, the FHA mortgage program is a clear "best choice". Here's how to determine whether you should use an FHA mortgage, too.

Ask These 6 Mortgage Questions Before Buying A Home

Long before you actually buy a home, you start to THINK about actually buying a home. The questions to ask, plus today's live mortgage rates.

The Holiday Shopping “Deal” That Actually Hurts Your Home’s Mortgage Rate

Holiday shopping will reach record levels this year. However, one popular holiday "deal" can lower your credit score and, by extension, your mortgage rate.

2016 Mortgage Loan Limits For Conforming Loans Now Available

Fannie Mae and Freddie Mac released conforming loan limits for 2016, by county. A lookup chart by U.S. county, plus analysis and live mortgage rate quotes.

Year-End Tax Tip: Boost Your 2015 Mortgage Interest Tax Deduction

For homeowners claiming mortgage interest deductions on their tax returns, the IRS offers a simple way to minimize 2015 federal income tax liability.

Mortgage Rates Today – Should I Lock Today’s Rate?

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.

Low Mortgage Rates And Low-Downpayment Loans Aiding New Construction

As U.S. rents rise, single-family housing starts are the strongest in 8 years. How will this affect you? Analysis, plus live mortgage rate quotes at...

Low-Downpayment Loans For Buyers In Unaffordable U.S. Cities

Want to buy a home somewhere inexpensive? Check this list of affordable cities, and get access to low downpayment home loans. Analysis and live quotes.

Buying Homes In A Market When There’s Nothing For Sale

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.

Loan Qualifications Removed For HARP Refinance Program

HARP loans are getting easier to get approved, and household savings are near 30% annually. Read more and get today's live mortgage rates.

Why It’s Actually Risky To Make A 20% Downpayment

Making a large downpayment is not the conservative investment you believe it is. The risks of putting 20% down on a home are real. Know what you should do.

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.