There Is No Free Mortgage
You’ve heard the term “no free lunch.” Well, the same is true of home loans. There is no “free mortgage.” Sure, banks and lenders will… Read More »There Is No Free Mortgage
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!
How the Fed Could Benefit from Lower Mortgage Rates
The Fed has played a major role in consumer mortgage rates over the past decade and change. Back in 2008, they began purchasing hundreds of… Read More »How the Fed Could Benefit from Lower Mortgage Rates
Why You May Want a 780+ FICO Score When Applying for a Mortgage
It used to be that a 720 FICO score was all you needed to ensure you qualified for the lowest rate on a mortgage. At… Read More »Why You May Want a 780+ FICO Score When Applying for a Mortgage
A 1% Decrease in Mortgage Rates Is Worth an 11% Drop in Home Prices
A recent podcast from First American economists discussed the current state of the housing market. The subject was the rebalancing of the housing market, which… Read More »A 1% Decrease in Mortgage Rates Is Worth an 11% Drop in Home Prices
Why Mortgage Lenders Are Requiring Upfront Points
There’s been a recent phenomenon where mortgage lenders are requiring borrowers to pay upfront points when obtaining a home loan. This runs counter to the… Read More »Why Mortgage Lenders Are Requiring Upfront Points
2023 Mortgage Rate Predictions: All Eyes on Inflation
Another year has nearly passed, which means it’s time for the 2023 mortgage rate predictions. I think we can all agree that the 2022 predictions… Read More »2023 Mortgage Rate Predictions: All Eyes on Inflation
Cash Out Refinance Fees Are Going Up in Early 2023
While most homeowners probably don’t have a refinance on their radar (due to the big jump in interest rates), take note that fees for cash… Read More »Cash Out Refinance Fees Are Going Up in Early 2023
The Beauty of High Mortgage Rates
High mortgage rates are bad. They reduce affordability, lead to fewer home sales, and can cause lots of industry-related job losses. The year 2022 has… Read More »The Beauty of High Mortgage Rates
How to Shop for a Mortgage
Mortgage basics: “How to shop for a mortgage.” Every now and then I focus on mortgage 101 because it seems the obvious stuff isn’t always… Read More »How to Shop for a Mortgage
Mortgage Rates vs. CPI: Less Inflation = Lower Rates
While it seemed mortgage rates just couldn’t catch a break, a positive CPI report has led to a huge rally. This is one of the… Read More »Mortgage Rates vs. CPI: Less Inflation = Lower Rates