The Truth About Mortgage Blog
Welcome to a warm, friendly, and most importantly unbiased place to learn about mortgages, ideally before you make contact with a real estate agent or lender. The more you know, the better you’ll feel, and hopefully all that hard work will help you snag a lower mortgage rate too! View all mortgage help topics to get started or check out the latest mortgage tips and news below.
Latest Posts
15-Year Fixed Mortgage Rates Just Hit Record Lows: Should You Consider One?
While 30-year fixed mortgage rates tend to steal all the headlines, 15-year fixed mortgage rates quietly reached record lows this week as well, per Freddie Mac’s weekly survey. This morning, Freddie announced that the 30-year fixed fell to a new ... Read More »
A Look Inside the Books of Rocket Companies, Inc.
Thanks to a newly released SEC Form S-1 associated with their upcoming initial public offering (IPO), we now know a lot more about closely held Quicken Loans, aka Rocket Mortgage, aka “Rocket Companies, Inc.” The company, which bills itself as ... Read More »
Now Home Prices Are Expected to Fall By 2021 Thanks to COVID-19
While the housing market has been coming up roses lately, even in the face of COVID-19, it might turn out to be a short-lived affair as widespread unemployment takes hold. A new report from CoreLogic today revealed that despite a ... Read More »
The Top 25 Mortgage Lenders of 2019
If you’re curious which mortgage lender closed the most home loans in 2019, I’ve got your answer. You probably already guessed it was Detroit, Michigan-based Quicken Loans, which also led on total dollar amount in recent quarters. But if you ... Read More »
Are Mortgage Points Worth the Cost?
Mortgage Q&A: “Are mortgage points worth it?” When taking out a mortgage, whether for a new home purchase or to refinance an existing loan, one decision you’ll undoubtedly have to make is if it’s worth paying mortgage points to obtain ... Read More »
Record Number of Home Buyers Searching Outside Their Own City as Properties Fly Off the Shelf
After some uncertain months while COVID-19 first emerged, home buying has become hot again. Super-hot. In fact, homes are being scooped up at the fastest pace in more than two years, per Zillow. Homes Are Going Pending Fast Homes went ... Read More »
Veterans Can Now Get Rates as Low as 2.25% on a 30-Year Fixed Mortgage
It seems mortgage rates keep moving lower and lower, and now some veterans and active duty military might be able to snag a 30-year fixed as low as 2.25%! That’s pretty unheard of. While it sounds too good to be ... Read More »
Mortgage Rates Should Be Lower, Here’s Why They Aren’t
You’re probably pretty stoked about the record low mortgage rates currently available with most banks and lenders nationwide. What’s not to like about an interest rate at or below 3% that is fixed for the next 30 years? While that’s ... Read More »
Alterra Home Loans Review: One of the Largest Hispanic-Owned Mortgage Companies
Today we’ll take a look at Alterra Home Loans, which is a DBA of Panorama Mortgage Group, LLC based out of Las Vegas, Nevada. What makes them unique is that they’re 100% Hispanic-owned and one of the largest Hispanic-owned mortgage ... Read More »
COVID-19 May Have Just Been a Speed Bump for Surging Housing Market
We’re starting to get a better picture of how COVID-19 affected the housing market, with the National Association of Realtors’ existing-home sales report showing a big drop in May. It’s based on completed transactions, including both single-family homes and condos/townhomes, ... Read More »
