Mortgage Rates
Everything you’ve ever wanted to know about mortgage rates. And even more than that…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 »
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 »
The 30-Year Fixed Just Hit a New Record Low, What Should You Do?
Another week, another record low for mortgage rates. It’s all becoming rather humdrum at this point. Really, how excited can you get about a record that repeatedly gets broken with relative ease in a short span of time? The other ... Read More »
Use These Mortgage Charts to Easily Compare Rates
One of the things prospective home buyers and existing homeowners seem to care most about is mortgage rates. And for good reason – the interest rate you receive on your home loan dictates what you’ll pay each month, sometimes for ... Read More »
What Mortgage Rate Can I Get With My Credit Score?
A reader recently asked, “What mortgage rate can I get with my credit score?” So I figured I’d try to clear up a somewhat complex question. With mortgage rates now at new all-time lows, again (sigh!), borrowers looking to refinance ... Read More »
It’s Now Possible to Get a 2.5% Mortgage Rate on a 30-Year Fixed
Here’s a good sign mortgage rates might be moving even lower than they already are. Pontiac, Michigan-based United Wholesale Mortgage (UWM), which refers to itself as the #1 wholesale lender in the nation, has launched an exclusive new program that ... Read More »
It’s Going to Be Harder to Get a Mortgage Thanks to COVID-19
While the first quarter was booming for many mortgage lenders (see Quicken’s record month), the second quarter and beyond might be a different story as COVID-19 becomes a harsher reality. Over just the past five weeks, some 26.4 million Americans ... Read More »
Nearly 6% of Mortgages in Forbearance as FHFA Provides Relief to Loan Servicers
With each week that goes by, the mortgage forbearance rate climbs to new highs thanks to the coronavirus (COVID-19). The more or less complete shutdown of the world economy has led to skyrocketing unemployment and the inability for many to ... Read More »
30-Year Fixed Mortgages Are Cheaper Than Adjustable-Rate Mortgages Right Now
Typically, you pay a premium if you select a 30-year fixed mortgage versus an adjustable-rate mortgage. The reason is simple – the interest rate is locked in and will not change during the entire loan term, which is a full ... Read More »
