Recent News

Picking Your “Best” Mortgage: FHA, VA, Conventional, USDA, & Jumbo

Today's mortgage borrower has more choices than during any time in the last 10 years. FHA, VA, USDA, Conventional, Jumbo, & HELOC-- analysis and live rates.

Today’s Mortgage Rates & News – Staying Current On The Market

The best way to lock a low mortgage rate is to understand how and why mortgage rates change. Where to get your news and how to stay current. Analysis plus access to instant mortgage rates.

About The Federal Reserve, The FOMC, & The Fed Funds Rate

The Federal Reserve is the central banker of the United States of America. How "the Fed" works and how it affects consumer mortgage rates.

No, You Don’t Actually “Skip” A Mortgage Payment When You Refinance

How to refinance your mortgage, and why you don't get to "skip" a payment as part of the process. Review loan options and get a complimentary rate quote.

Today’s Mortgage Rates, To Lock or Not?

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.

June Jobs Report Shoves 30-Year Mortgage Rates Lower (FHA, VA, USDA & Conv.)

Mortgage rates dropped sharply after the June 2015 Non-Farm Payrolls report release. Complete analysis, plus access to instant mortgage rate quotes.

Harp Refinance Program – Making Home Affordable

About the Home Affordable Refinance Program (HARP). Program history and approval requirements, plus today's live mortgage rates.

Improve Your FICO Score With These 5 Credit Scoring Tips

A review of how credit scores work, plus access to your mortgage credit scores for free. Get better mortgage 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.

TILA-RESPA Integrated Disclosures (TRID) Changing The Way Homes Are Bought

The new TILA-RESPA Integrated Disclosures (TRID) is changing the way homes are financed. Will the mandatory 3-day "waiting periods" affect your closing?

Jobs Report To Release One Day Early This Week, Affect Mortgage Rates

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

(Flawed) Case-Shiller Index Shows Home Values Rising Sharply With Mortgage Rates Low

Case-Shiller Index reports home values continuing to rise. How much of the data is even valid, though? Read more, and get today's mortgage interest rates.

How The Greece Default Is Affecting U.S. Mortgage Rates

Greece is expected to default on its debts to the IMF and ECB; and may soon exit the Eurozone. How this is affecting U.S. mortgage rates, plus live rates quotes.

2015 FHA Mortgage Options, Benefits & Requirements

About the FHA mortgage loan and its benefits to U.S. consumers. All FHA programs included.

VA Home Loan – Mortgage & Refinance Programs

About the VA Loan Guaranty Program from the Department of Veterans Affairs. Program details plus today's live VA mortgage rates.

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.