Mortgage Rates
Everything you’ve ever wanted to know about mortgage rates.Are Mortgage Rates Going to Stay Low?
Well, it happened again. Mortgage rates crept down to yet another record low. It’s getting old at this point. To be honest, I’m sick of even talking about. Another week, another record. But it still doesn’t seem to be having ... Read More »
Mass Mortgage Refinancing Plan: Obama’s Ace In the Hole
We’ve heard talk of mass refinancing plans for years now, but nothing has quite delivered. Sure, the Home Affordable Refinance Program (HARP) was recently expanded to allow just about any homeowner to refinance, regardless of negative equity issues. But since ... Read More »
Happy Holidays: Your Gift is Record Low Mortgage Rates
You guessed it. Just in time for the holidays, mortgage rates fell to yet a new record low. Average interest rates on the popular 30-year fixed-rate mortgage slipped to 3.91% during the week ending December 22, down from 3.94% a ... Read More »
Home Sales to Be Revised Down, Mortgage Rates to Remain Low in 2012
In yet another setback for the already fragile housing market, the eternally optimistic National Association of Realtors announced Tuesday that it will revise existing home sales data lower in its next release scheduled for December 21. Though we don’t know ... Read More »
Should You Bother Refinancing Your Current Mortgage Rate?
If you don’t mind, let me beat a dead horse. Mortgage rates are at or near record lows and you could save a ton of money by refinancing. There. I won’t say it again because I know how cliché and ... Read More »
What Mortgage Has the Best Interest Rate?
Here’s an interesting question: “What mortgage has the best interest rate?” Before we dive in, “best” questions are always a bit difficult to answer because what’s best to one person could be the worst for another. But we can still ... Read More »
Chase Mortgage Refinance Rates Intentionally Inflated?
Those looking to refinance may get a surprise if they bank with Chase. The NYC-based bank and mortgage lender is currently advertising mortgage rates well above the national average. The WSJ first reported on the “issue,” speculating that Chase is ... Read More »
Why Are Mortgage Rates Different?
Mortgage rate Q&A: “Why are mortgage rates different?” Why is the sky blue? Why are clouds white? Why won’t your neighbor trim their tree branches? These are all good questions, and ones that often puzzle even the most savvy human ... Read More »
Non-QRM Mortgage Rates May Be One Point Higher
In case you haven’t heard, Congress has been hard at work setting new standards for mortgages so we don’t see another housing crisis any time soon. Specifically, they’re working on a so-called Qualified Residential Mortgage, which would be exempt from ... Read More »
Mortgage Rates Expected to Stay Below Five Percent Through Early 2012
Here’s some good news if you’re looking to buy or refinance in the near future. Mortgage rates, specifically 30-year fixed mortgage rates, are expected to stay below five percent through to next year, according to mortgage financier Fannie Mae. The ... Read More »
