How Mortgage Interest Works
A friend of mine asked me over the weekend how mortgage interest works? His coworker had posed a similar question to him, and he was… Read More »How Mortgage Interest Works
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!
Who Cares What Mortgage Rates Were in the 1980s?
Month after month, and week after week, articles continue to focus on mortgage rates in the 1980s, to seemingly paint a picture that rates are… Read More »Who Cares What Mortgage Rates Were in the 1980s?
The Case for Sub-5% Mortgage Rates by 2023
While mortgage rates have a good chance of getting worse before they get better, hope might be on the horizon. The long and the short… Read More »The Case for Sub-5% Mortgage Rates by 2023
Buy a House Before Mortgage Rates Come Back Down?
There is a plausible scenario where mortgage rates continue higher for a short period and then eventually correct. Possibly as soon as next year. At… Read More »Buy a House Before Mortgage Rates Come Back Down?
Are Mortgage Rates Going to 8.5% Next?
The year 2022 has been absolutely dreadful with respect to mortgage rates. We’ve seen the popular 30-year fixed rise from sub-3% levels to around 7%… Read More »Are Mortgage Rates Going to 8.5% Next?
Marry the House, Date the Rate. What?
Lately, I’ve been seeing the old “marry the house, date the rate” adage thrown around a lot. The idea is relatively straightforward. You buy a… Read More »Marry the House, Date the Rate. What?
Your Credit Score Alone Can Make or Break Your HELOC Rate
You’ve probably heard that maintaining an excellent credit score is very important when it comes to getting a mortgage. Not only will it help ensure… Read More »Your Credit Score Alone Can Make or Break Your HELOC Rate
Watch Out for 8% Mortgage Rates
Now that interest rates have resumed their upward climb, do we have to worry about 8% mortgage rates next? Back in July, I questioned if… Read More »Watch Out for 8% Mortgage Rates
The Temporary Buydown: How to Get a Lower Rate the First Couple Years on Your Mortgage
Today we’re going to talk about a “temporary buydown,” the latest effort by the mortgage industry to provide much-needed payment relief to borrowers. In recent… Read More »The Temporary Buydown: How to Get a Lower Rate the First Couple Years on Your Mortgage
4.5% Mortgage Rates in 2023? That’s the Latest Estimate from Fannie Mae
Might 2023 be good to mortgage rates? If you believe the latest Housing Forecast from Fannie Mae, then yes. Most everyone knows 2022 has wreaked… Read More »4.5% Mortgage Rates in 2023? That’s the Latest Estimate from Fannie Mae