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Freddie Mac reports the 30-year fixed rate mortgage rate at an all-time low of 3.78% this week, down from last week's 3.79%.
Freddie Mac says the 30-year fixed rate mortgage rate is 3.79% nationwide. Here are 3 reasons why few people actually get that rate.
The Mortgage Refinance Boom is ongoing. At today's rates, you could save 29% off your mortgage interest payments.
Cash-out mortgages are defined as mortgages for which the new, refinanced balance is at least 5% higher than the existing loan payoff.
The Home Affordable Refinance Program (HARP) is revamped and extended. There are no LTV requirements and fewer loan fees. It's a complete refinance overhaul.
Lower mortgage rates with higher fees is not an improvement -- it's accounting trick.
In each of the last two Mays, mortgage rates have made new, all-time lows. This year, they may do the same.
New Short Sale rules for Fannie Mae and Freddie Mac require 30-day approvals.
So why might you switch to a 15-year mortgage? The answer is simple. Huge long-term savings.
The U.S. Treasury is trying to reduce the collective footprint of Fannie Mae and Freddie Mac.
Mortgage rates are back below 4 percent again. If you missed the lowest rates of all time earlier this year, you get a second chance.
The press is talking about massive mortgage writedowns. The government explains why it won't happen.
Although mortgage rates are lower than they were a year ago, recent spurts higher have prompted homeowners to get off the fence post-haste.
Applying for a HARP mortgage and having trouble? You're not alone. The HARP 2.0 mortgage program is off to a slow start.
Mortgage rates rose sharply, racing from historical lows to a 5-month high in just 10 days. What's driving the change and can it even last?
As compared to non-government-backed mortgages, loans backed by Fannie Mae and Freddie Mac carry lower rates of "serious delinquency".
Fannie Mae and Freddie Mac's loan repurchase policies have done more harm to the broader housing market than good, says the Federal Reserve.
How will the $25 billion mortgage servicer settlement affects borrowers with jumbo mortgages, and other non-government loans?
Looking for the lowest mortgage rates of your lifetime? Act now. The Federal Reserve has spoken. The bond market rally is over.
It's no surprise why mortgage discount points have doubled since 2007. Banks know you better than you know yourself.
A basic explanation of how the "secondary market" works for mortgage lenders.
Guaranty fees (G-Fees) are the cost of keeping our mortgage markets liquid and attractive to investors. Here's how they work.
With Freddie Mac's published mortgage rates now sub-4 percent, homeowners are doing what it takes to refinance into today's low mortgage rates -- even if it means bringing some cash to closing.
Start that mortgage application! The government is financing its 2012 Payroll Tax Extension via new, mandatory mortgage fees. You'll get lower mortgage payments on your upcoming purchase or refinance by applying for your loan today.
Record-low mortgage rates draw refinancing households away from 30-year fixed-rate mortgages into shorter-term products such as the 15-year fixed-rate mortgage.
Freddie Mac says mortgage rates fell to 3.94% this week. But, because closing costs increased at the same time, it would take a homeowner *3 years* to break-even on these new, "lower" rates. It's a sleight-of-hand trick pulled by the banks on the American people.
If you've ever thought of using a 15-year fixed-rate mortgage, talk to your lender. Mortgage rates are rock-bottom and there's a lot to gain from "going 15".
The mortgage market is loaded up with 3 years of negative expectations. And, once those forces reverse, they'll reverse quickly, sending mortgage rates soaring. It's time to execute on that mortgage plan. Rates are poised to rise.
There is a big advantage to "going FHA" these days -- especially if you're making a low downpayment purchase. FHA mortgage rates are lower than they've ever been as compared to conventional ones, and FHA mortgage insurance rates have yet to rise.
FHA loan limits now exceed conventional loan limits in some high-cost areas. As of November 18, 2011, the FHA will insure up to $729,750. Fannie Mae and Freddie Mac cap at $625,500.
Today's refinancing homeowners can lower long-term mortgage costs by one-fifth -- enough to pay for a college education, in some cases.
Cash-in mortgages are in demand, but are they right for you? Check your alternatives first including FHA Streamline Refinance, HARP II, and the jumbo market.
With adjustable-rate mortgage rates available under 3 percent, it's a terrific time to look at ARMs.
Conforming mortgage rates went sub-4% this week? Well, that's not 100% true. Lender sleight-of-hand is making rates *appear* lower. But payments are way down.
The loan-level pricing adjustment (LLPA) system contains more than a dozen "risk characteristics". Here's how they work, complete with an online LLPA calculator.
Freddie Mac reports the 30-year fixed at 4.09% this week. Freddie Mac is wrong. Mortgage rates are lower.
The 2011 Refi Boom's Second Wave has started. 5-Year ARMs are leading the charge. Assuming discount points are paid, ARMs are now below 3 percent.
If you're like a lot of U.S. homeowners, when you refinance, you'll choose a shorter-term mortgage. 30-year loans are less popular these days. And think of all the money you'll save.
You'll pay 18% less mortgage interest at today's mortgage rates as compared to April. No matter when you bought your home, it's time to call a lender.
As the Refi Boom continue, not all rates are falling equally. Adjustable-rate mortgages are leading the charge.
