Recent News

No Doc Mortgage: What’s Available Now

The no doc mortgage does not exist in the same form that it had before 2008. Great Recession-era reforms require lenders to make sure the borrower can afford to repay a mortgage.

Mortgage Rates Hold Below 4% For Fourth Straight Week

For the second week in a row, mortgage rates have dropped to their lowest levels of the year. It presents another opportunity for mortgage shoppers.

Mortgage Rates Today, June 15, 2017, Plus Lock Recommendations

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

Fed Hikes Rates, Says Economy Is On Solid Ground

Today's Fed meeting resulted in a rate increase. This won't affect long-term mortgage rates, but will trickle up to increase rates on HELOCs, credit cards, and other loans tied to the Prime Rate.

How The Fed Affects HELOC Rates

HELOC rates are often based on the Prime rate, which is directly affected by rates set by the Federal Reserve. Here's how you can save money on a HELOC, even when rates increase.

Mortgage Rates Today, June 14, 2017, Plus Lock Recommendations

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

How Mortgage Rates Connect To The Fed Funds Rate

The Fed adjourns from a 2-day meeting Wednesday. The group doesn't set mortgage rates but it can influence them. How this week's meeting could affect your refinance and purchase mortgage rate.

Should You Refinance To A Fixed-Rate From An ARM?

It's no secret; mortgage interest rates are rising. So, it it time to get out of your ARM and refinance?

Should I Buy A House Or Rent?

Should I buy a house or rent? That depends on your short-term goals and your resources. Here's what you need to know to make this important decision.

First-Time Home Buyers Guide: Buying With Student Loans And Debt

First-time home buyers often carry student loans, which can make saving for a down payment difficult. There are lots of "first-time" loan programs to help.

PMI Mortgage Insurance: You Can Pay Less

PMI mortgage insurance is a necessary evil if you buy or refinance more than 80 percent of your property value. But there are are things you can do to reduce what you pay.

Consumers: Maybe Mortgage Rates Won’t Rise After All

A recent Fannie Mae survey shows a shift in consumer attitudes about mortgage rates. Twelve months from now, say survey takers, rates could be lower.

Mortgage Rates Today, June 13, 2017, Plus Lock Recommendations

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

Don’t Think You Can Buy Again After Bankruptcy? Actually, You Can

A bankruptcy doesn't disqualify you from owning a home again. Getting approved for a new mortgage can happen in as little as one year.

Downpayment Gifts: How To Give And Receive A Cash Downpayment Gift For A Home

Step-by-step instructions for accepting a cash downpayment gift on a home, including a ready-to-use gift letter template.

How The Fed Meeting Will Change Mortgage Rates This Week

The Federal Reserve meeting adjourns Wednesday and, although the Fed doesn't set mortgage rates, its rhetoric and actions can influence them. Analysis and advice.

Is An Interest Only Mortgage Right For You?

An interest only mortgage could be right for you. or it could be very, very wrong. Learn about the pros and cons of interest only mortgages here.

Mortgage Rates Today, June 12, 2017, Plus Lock Recommendations

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

Fannie Mae Just Increased What You Can Borrow

Fannie Mae just loosened up its guidelines, allowing some applicants to borrow with a 50 percent debt-to-income ratio.

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

The Federal Reserve is the central banker of the USA. How "the Fed" works, what it actually does, and how it affects everyday U.S. mortgage rates.