Mortgage Rates
Everything you’ve ever wanted to know about mortgage rates. And even more than that…What Mortgage Rates at 4-Year Highs Does and Doesn’t Mean
You’ve probably already seen the alarming headlines, that mortgage interest rates rose this week to highs not seen in over four years. Gasp! It sounds like doomsday for mortgage rates, but to really interpret what four years means, we have ... Read More »
Mortgage Rates Vary by Lender, So Shop Around
While mortgages are largely a commoditized product, unlike perhaps a TV or a smartphone with unique technology, their cost can still vary considerably by lender. The reason mortgage rates are different across banks and lenders could be a result of ... Read More »
Mortgage Rates Are Lower Than They Were a Year Ago
Can I rant about mortgage rates for a minute? I just can’t help myself. First things first, current mortgage rates are actually lower today than they were a year ago. Let’s make that clear. This is true despite the headlines ... Read More »
2018 Mortgage Rate Forecast: Overall It’s Looking Pretty Good
It’s that time of the year again, when we take a look at what’s in store for mortgage rates the following year. So without further ado, here is the “2018 mortgage rate forecast” from a variety of different housing and ... Read More »
Would You Rather Have a Low Mortgage Rate or Pay a Lower Price for a Home?
My friend asked me the other day if I’d rather have a low mortgage rate or pay a lower price for a home. I paused briefly, then said I’d rather pay less for the home. My thought process was basically ... Read More »
President-Elect Trump vs. Mortgage Rates
You may have already read the headlines. Things like Trump-fueled Treasury surge and the so-called Trump Effect, all driving mortgage rates higher. And it’s not just fodder, it’s true. Since the election results came in last Tuesday night, mortgage rates ... Read More »
21 Things That Can Drive Your Mortgage Rate Higher
Wondering why you didn’t receive the low mortgage rate you saw advertised on TV? Well, there are a ton of reasons why the quote you obtained was higher. Let’s explore a lot of them. 1. Low credit score This is ... Read More »
The Fed Non-Taper Doesn’t Really Save Homeowners That Much Money
It’s been about two weeks since the Fed decided to keep its mortgage purchases going strong, an initiative implemented to keep downward pressure on interest rates. So how meaningful has the decision to keep things unchanged been for mortgage rates? ... Read More »
Zillow: Credit Score Single Most Important Factor for Mortgage Rates
This morning, Zillow, the company behind the love it or hate it Zestimate, released a new study that analyzed the impact credit scores have on mortgage rates and corresponding payments. The company used data from 13 million loan quotes and ... Read More »
Is the ‘No Taper’ Good or Bad for Mortgage Rates and the Housing Market?
Yesterday, many declared “victory” when the Fed decided not to taper its monthly purchases of mortgage-backed securities and longer-term Treasuries. Put simply, most assumed the Fed would announce some level of tapering, such as reducing their $40 billion in monthly ... Read More »
