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?

15-Year Fixed Mortgage Rates Just Hit Record Lows: Should You Consider One?
July 9, 2020 No Comments »

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

Veterans Can Now Get Rates as Low as 2.25% on a 30-Year Fixed Mortgage
June 24, 2020 No Comments »

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

Mortgage Rates Should Be Lower, Here’s Why They Aren’t
June 23, 2020 No Comments »

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?

The 30-Year Fixed Just Hit a New Record Low, What Should You Do?
June 18, 2020 No Comments »

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

Use These Mortgage Charts to Easily Compare Rates
June 4, 2020 No Comments »

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?

What Mortgage Rate Can I Get With My Credit Score?
May 28, 2020 No Comments »

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

It’s Now Possible to Get a 2.5% Mortgage Rate on a 30-Year Fixed
May 13, 2020 No Comments »

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

It’s Going to Be Harder to Get a Mortgage Thanks to COVID-19
April 23, 2020 No Comments »

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

Nearly 6% of Mortgages in Forbearance as FHFA Provides Relief to Loan Servicers
April 21, 2020 No Comments »

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

30-Year Fixed Mortgages Are Cheaper Than Adjustable-Rate Mortgages Right Now
April 6, 2020 No Comments »

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 »