Posts Covering Mortgage Rates
Mortgage closing costs are a big part of buying or refinancing a home. Here are the average closing costs for each type, and what you can do to pay as little as possible.
March 12, 2018 in Mortgage Rates
There’s a lot of talk about the housing affordability crisis faced by Millennial home buyers. But according to new data, today’s buyers are actually enjoying a much more affordable market than their parents did 40 years ago.
Is it worth it to pay points? Whenever mortgage rates go up, borrowers always wonder if it makes sense pay points and thus reduces the rate. The answer is sometimes yes, sometimes no. Here’s how to tell the difference. What is a point? A “point” or “loan discount fee” is equal to 1 percent of […]
Rising mortgage rates have a silver lining Rising mortgage rates have dominated the first six weeks of 2018, and many in real estate predict still-higher interest levels ahead this year. The Mortgage Bankers Association, as one example, forecasts that mortgage rates will hit 4.8 percent before January 2019. However, the “high” rates seen in early […]
Rising mortgage rates and home prices are not slowing buyers down. Most say that 5 percent interest rates will not deter them from purchasing a home.
February 15, 2018 in About Mortgages Economic News Essential Mortgage Miscellany Federal Reserve First-Time Home Buyers Forecasts Homeownership Topics Mortgage Rates Mortgage Strategy Real Estate Refinance Uncategorized
How useful is mortgage rate history? Mortgage rate history may sound a pretty boring topic. Indeed, you may subscribe to the Henry Ford school, which believes that all history is bunk. However, knowing how mortgage rates behaved in the past can help you understand what might happen to them in the future. That knowledge could […]
Happy new year — as a homeowner Is your new year’s resolution for 2018 to become a homeowner? Or would you make it one, if only you thought it was a smart move — and you stood a chance of achieving it? Well, read on because you might find some good news. 2018: A vintage […]
December 15, 2017 in Mortgage Rates
Know more about mortgage rates, and you’ll get a better rate. Understand how rates are made and how to best shop for FHA, VA, USDA, & conventional loans.
Where are mortgage rates headed this year? The bad news is that most experts think higher. The good news is, not much higher.
Federal Reserve says things are looking up U.S. economic growth has strengthened in 2017, signaling the need for gradual interest rate hikes to ensure a continued recovery, Federal Reserve Chair Janet Yellen told lawmakers Wednesday. Yellen didn’t give specifics on whether the Federal Open Market Committee, or FOMC, will increase interest rates at its meeting, […]
November 7, 2017 in Mortgage Rates
Mortgage rates change all day, every day — but what’s the best day to lock something in? Analysis of MBS data, helpful conclusions, plus today’s live rates.
The Fed holds rates steady. But another hike is expected in December. What does that mean for mortgage shoppers?
November 1, 2017 in Mortgage Rates
Investment property mortgage rates are higher than those of primary residences. They are also harder to get. There are ways to pay less for your home loan, though.
September 8, 2017 in Mortgage Rates
Mortgage rates are approaching lower levels, but homeowners haven’t heard. Four reasons homeowners are missing out on today’s rates.
September 6, 2017 in Mortgage Rates
When you shop for a mortgage, you compare interest rates and loan costs and terms using the Loan Estimate (LE). But how can you do this without a property address, when lenders won’t provide an LE?
September 3, 2017 in Mortgage Rates
What determines the your mortgage rate when you buy or refinance a home? The lender’s pipeline (amount of business it has) is one factor. But one that you may be able to ignore.
2018 Conforming, FHA, & VA Loan Limits
Mortgage loan limits for every U.S. county, as published by Fannie Mae & Freddie Mac, the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA)