Recent News

Want Low Mortgage Rates? Get In Before The Government’s “Mass Refinance” Program Begins.

The government's revamped HARP program will create a surge in mortgage demand. Banks aren't equipped. Here's how you can beat the system and get lower rates.

October 2011 : Adjustable-Rate Mortgage Rates Scrape Rock-Bottom

With adjustable-rate mortgage rates available under 3 percent, it's a terrific time to look at ARMs.

Chart : How Does A Foreclosure, Missed Payment, And Maxed-Out Credit Card Change Your FICO Score

The company behind the FICO scoring model published a "What If?" series for common, specific credit missteps. See how your scores can change with a foreclosure, missed payment, maxed credit card, and more.

Mortgage Rates May Have Bottomed; Jobs Report Expects 60,000 Net New Jobs

Conforming, FHA, and USDA mortgage rates are rising. Will Friday's jobs report make them spike?

Chart : Your Home Purchasing Power Soars On Low Mortgage Rates

In 2011 -- for the same monthly payment -- you can borrow 77% more than you could in 1991. Buying a home is a relative bargain right now.

Mortgage Rates : Make Your Own Luck To Land Low Rates

When it comes to shopping for low mortgage rates, you're at the market's mercy and the market is merciless. Want to give yourself an advantage? Read on...

5-Year ARM Falls Below 3 Percent

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.

“Lock it Or Lose It” : Mortgage Rates Changing Quickly

Mortgage rates continue to change at a frenetic pace. If you're not locking your rate, you're losing your rate.

Foreclosures As A Percentage Of All Home Sales, By State

In some states, more than half of home sales are for homes in foreclosure. Where does your state rank?

30-Year Fixed Rate Loans Less Popular With Refinancing Homeowners

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.

Mortgage Rates : Through The Lens Of A Greek Philosopher

Owing to Aristotle, we know that low mortgage rates won't last forever. Here's what rate shoppers can learn from Greek philosophy.

Zero-Cost Mortgage Rates More Popular In 2011

It appears that lower mortgage rates come with a price. Closing costs rising in most states. Look zero-cost instead.

Mortgage Rates : The Debt Ceiling Effect

Congress debate extending the current debt ceiling limit vs making immediate spending cuts. While it debates, mortgage rates sink. Rates are at an all-time low.

The 5-Year ARM : Cheaper Than It’s Ever Been

As the Refi Boom continue, not all rates are falling equally. Adjustable-rate mortgages are leading the charge.

FHA Mortgage Rates Vs. Conforming Mortgage Rates : Which Are Cheaper?

The FHA insures 25% of the mortgage purchase market these days, up from 5 percent in 2006. Is it because FHA mortgages are cheaper than conforming ones?

Fannie Mae Says : “Cash Out” Your Free-And-Clear Home

After you've paid cash for a home, you *can* get your cash back. It's called the Delayed Financing Rule and it's new from Fannie Mae.

4 Things That Don’t Control The Future Of Mortgage Rates

There is only one thing that controls where mortgage rates go next -- and it's not the 10-year treasury note.

Get Your Mortgage Denied In 5 Easy Steps

There are just some things you should never do while your home loan is "in-process." Here are the five most-common mistakes.

Mortgage Rates Changing Every 3 Hours, 23 Minutes

Mortgage rates are changing at a blistering pace. If you're not locking your rate, you're losing your rate.

The 2011 Refi Boom Begins : Should I Refinance My Mortgage?

You can't control mortgage rates, but you can control your closing costs. Make the most of this Refi Boom -- go zero-cost refi. Here's how.