Posts Covering Mortgage Rates

Housing affordability crisis? Maybe not, according to new data

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.

Guide to mortgage closing costs: What average mortgage costs are, and how to keep yours low

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.

Should you pay points to get a lower mortgage rate?

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 […]

Can rising mortgage rates be GOOD news?

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 […]

Home buyers not deterred by rising mortgage rates or home prices

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.

How much do you need to know about mortgages to get one?

You don’t need to be an expert to negotiate a great mortgage. It only takes a few minutes if you follow these simple tips.

What mortgage rate history can tell us about the future

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 […]

Is 2018 the year you should become a homeowner?

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 […]

Mortgage rates: Almost everything you want to know

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.

Mortgage rate predictions for 2018: expert opinions

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 Chair to Congress: ‘U.S. economy has strengthened’

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, […]

The best day of the week for locking 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.

Fed meeting: Interest rates remain as-is; hurricane impact negligible

The Fed holds rates steady. But another hike is expected in December. What does that mean for mortgage shoppers?

Investment property mortgage rates: How much more will you pay?

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.

Do Some States Have Cheaper Mortgage Rates?

Where you live can affect your final mortgage rate. But you can use local factors to your advantage when rate shopping.

Mortgage rates just hit a 2017 low, so why aren’t homeowners refinancing?

Mortgage rates are approaching lower levels, but homeowners haven’t heard. Four reasons homeowners are missing out on today’s rates.

Reader question: How can I shop for a mortgage when lenders won’t give a loan estimate?

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?

Factors that drive your mortgage rate: property type and use

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.

How the points you pay determine your mortgage rate

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.

How loan features affect your mortgage rate (and what to do about them)

What determines the your mortgage rate when you buy or refinance a home? The loan’s features, including interest-only payments and adjustable interest rates affect its cost.

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)