Will Mortgage Rates Hit 7% Next?
It seems mortgage rates can’t catch a break in 2022, despite a few pullbacks here and there. However, those moments are often short-lived, and met… Read More »Will Mortgage Rates Hit 7% Next?
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!
An Easy Way to Save Even More Money with an Adjustable Rate Mortgage
Because mortgage rates have more than doubled lately, interest in adjustable-rate mortgages has taken off. The popular 30-year fixed, which was priced as low as… Read More »An Easy Way to Save Even More Money with an Adjustable Rate Mortgage
Mortgage Rates vs. Recessions: Do They Go Up or Down During Hard Times?
It’s time for another mortgage match-up, the latest installment “mortgage rates vs. recessions.” This is a timely post seeing that mortgage rates have gone absolutely… Read More »Mortgage Rates vs. Recessions: Do They Go Up or Down During Hard Times?
Paying Extra Today Won’t Lower Your Future Monthly Mortgage Payments
Just about everyone with a home loan ponders the idea of paying a little extra, whether it’s via biweekly mortgage payments, or just once a… Read More »Paying Extra Today Won’t Lower Your Future Monthly Mortgage Payments
The Average Homeowner Now Has $207,000 in Tappable Equity: The Question Is How Do You Tap It?
While prospective home buyers continue to grapple with high mortgage rates and limited supply, existing owners are getting richer. A new report from Black Knight… Read More »The Average Homeowner Now Has $207,000 in Tappable Equity: The Question Is How Do You Tap It?
Can You Still Get an Adjustable Rate Mortgage?
Yes, adjustable-rate mortgages are still available, even though your lender may have hidden them from you for the past few years. Ultimately, ARMs just didn’t… Read More »Can You Still Get an Adjustable Rate Mortgage?
Why You Might Not Want to Get Too Excited (or Nervous) About a Housing Crash
As mortgage rates continue their ascent toward 6%, more and more folks are talking housing market crash. But high interest rates aren’t really a catalyst… Read More »Why You Might Not Want to Get Too Excited (or Nervous) About a Housing Crash
Sometimes It’s Actually Better to Choose the Higher Mortgage Rate
With mortgage rates hovering around 5.5%, there might be the temptation to snag a 30-year fixed at say 4.875%, or 4.99% if a lender offers… Read More »Sometimes It’s Actually Better to Choose the Higher Mortgage Rate
Now That We’ve Got 5% Mortgage Rates, Is the Seller’s Market Finally Over?
We’ve got 5% mortgage rates and record high home prices. Does this mean the seller’s market is finally over? You would think so, given the… Read More »Now That We’ve Got 5% Mortgage Rates, Is the Seller’s Market Finally Over?
Is an Adjustable-Rate Mortgage a Good Short-Term Strategy Until Interest Rates Cool Off?
We know mortgage rates are projected to keep rising, so what’s a cost-effective solution if you need a home loan today? Well, one idea is… Read More »Is an Adjustable-Rate Mortgage a Good Short-Term Strategy Until Interest Rates Cool Off?