The Hidden Danger of a Higher Mortgage Rate
Everyone knows mortgage rates aren’t as low as they used to be. Understatement of the decade there. But this doesn’t just equate to a higher… Read More »The Hidden Danger of a Higher Mortgage Rate
Mortgage Rates
Everything you’ve ever wanted to know about mortgage rates. And even more than that…quite possibly the most important aspect of the home loan process.
After all, they stay with you for a long, long time. The rate you get today could be yours for the next 30 years.
In other words, shop wisely so you get a lower one! And don’t worry, I’ve got you covered with lots of actionable tips and tricks to accomplish that.
Start off by reading my primer on how mortgage rates are determined.
Then check out some of my popular mortgage rate posts, such as how to track mortgage rates. And do mortgage rates change daily.
Before long, you’ll be an expert yourself! That could eventually help you negotiate your mortgage rate once it’s showtime!
Zillow Says Homeowners Twice as Likely to Sell If Their Mortgage Rate Is Above 5%
More news on the mortgage rate lock-in effect, this time from Zestimate creator Zillow. The company conducted a survey and found that homeowners with a… Read More »Zillow Says Homeowners Twice as Likely to Sell If Their Mortgage Rate Is Above 5%
The National Average Mortgage Rate Lock-In Effect Is Worth $55,000
You may have heard the phrase mortgage rate lock-in effect lately. As a quick refresher, it’s a homeowner’s unwillingness to give up an ultra-low mortgage… Read More »The National Average Mortgage Rate Lock-In Effect Is Worth $55,000
Why Are Home Prices Not Dropping?
Late last year, Zillow said home prices needed to come down about 25% to become affordable again. Around that same time, mortgage rates hit their… Read More »Why Are Home Prices Not Dropping?
Will Mortgage Rates Go Down in 2023?
Well, were about halfway through the year and mortgage rates seem to have settled in around the high 6% range. While averages vary based on… Read More »Will Mortgage Rates Go Down in 2023?
Navy Federal No-Refi Rate Drop: Lower Your Mortgage Rate for Just $250
Lately, there’s been a lot of talk about buying now and refinancing later, once mortgage rates drop. Of course, that’s if mortgage rates do indeed… Read More »Navy Federal No-Refi Rate Drop: Lower Your Mortgage Rate for Just $250
Why Are Mortgage Rates Different?
Mortgage rate Q&A: “Why are mortgage rates different?” Why is the sky blue? Why are clouds white? Why won’t your neighbor trim their tree branches?… Read More »Why Are Mortgage Rates Different?
CFPB: Choosing a Cheaper Mortgage Lender Could Save You $100 a Month
You’ve heard it a million times, but I’ll say it again. It pays to shop around for your mortgage. Freddie Mac told us a while… Read More »CFPB: Choosing a Cheaper Mortgage Lender Could Save You $100 a Month
Why Are Mortgage Rate Spreads So High Right Now?
If you haven’t heard, the 30-year fixed has once again surpassed 7%, at least by some accounts. After settling in around 6.5% in early May,… Read More »Why Are Mortgage Rate Spreads So High Right Now?
What Is the Mortgage Rate Lock-In Effect?
Those looking to buy a home, along with existing owners, may have come across the term “mortgage rate lock-in effect” lately. It’s a relatively new… Read More »What Is the Mortgage Rate Lock-In Effect?