Mortgage Rates

Everything you’ve ever wanted to know about mortgage rates. And even more than that…

Beware the New Mortgage Fee Fearmongering

Beware the New Mortgage Fee Fearmongering
September 1, 2020 No Comments »

You may have heard there’s a “new mortgage fee.” And you might have been told to hurry up and refinance NOW to avoid said fee. While there is some truth to that, it is by no means a reason to ... Read More »

How Low Will Mortgage Rates Go?

How Low Will Mortgage Rates Go?
August 12, 2020 No Comments »

It seems that lately we reach a new all-time low for mortgage rates just about every week, which begs the question, how low can they go? Indeed, mortgage rates have hit record lows eight times so far in 2020, and ... Read More »

Home Prices Are the Most Affordable They’ve Been Since 2016

Home Prices Are the Most Affordable They’ve Been Since 2016
August 4, 2020 No Comments »

With real estate white-hot and property values continuing to skyrocket despite a worldwide pandemic, homes remain surprisingly affordable. At first glance, it’s kind of odd, both that home prices continue to rise amid a pandemic, and that they’re still quite ... Read More »

How About a 1% Mortgage Rate?

How About a 1% Mortgage Rate?
August 3, 2020 No Comments »

Well, maybe not exactly 1%, but in the 1% range? More specifically, starting with the number “1,” which on its own sounds too good to be true. It’s now a reality thanks to, you guessed it, United Wholesale Mortgage, who ... Read More »

UWM’s Exact Rate Lets Borrowers Choose Exact Mortgage Rates

UWM’s Exact Rate Lets Borrowers Choose Exact Mortgage Rates
July 30, 2020 6 Comments »

The mortgage industry can be a little bit old school. Similar to how the stock market used to operate in sixteenths, and later eighths, mortgage rates are mostly offered in eighths. Before 2001, the stock market only allowed price movements ... Read More »

Is a 2.25% 30-Year Fixed Mortgage Rate in the Cards?

Is a 2.25% 30-Year Fixed Mortgage Rate in the Cards?
July 29, 2020 No Comments »

One of the problems with refinancing a home loan right now is that mortgage rates keep falling. As such, you might find the need to refinance again shortly after refinancing. Aside from being inconvenient, it’s also not very cost-effective. Yes, ... Read More »

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 »