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?
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!
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?
Temporary vs. Permanent Mortgage Buydowns: Which to Choose and Why
Mortgage rates aren’t so low these days. In fact, they’ve basically doubled since early 2022. While this clearly isn’t great news for aspiring home buyers… Read More »Temporary vs. Permanent Mortgage Buydowns: Which to Choose and Why
27 States Oppose New Fannie/Freddie Mortgage Fees That Appear to Punish High FICO Score Borrowers
Those new mortgage fees you’ve probably heard about are causing quite a stir. So much so that Pennsylvania State Treasurer Stacy Garrity sent a letter… Read More »27 States Oppose New Fannie/Freddie Mortgage Fees That Appear to Punish High FICO Score Borrowers
Nearly Half of Home Loan Applicants Paid Mortgage Points in 2022
A new analysis from Zillow revealed that nearly half of mortgage applicants opted to pay points when taking out a home loan last year. These… Read More »Nearly Half of Home Loan Applicants Paid Mortgage Points in 2022
Fannie Mae Is Predicting Much Lower Mortgage Rates by Year End
In its latest housing forecast, Fannie Mae has become much more optimistic with regard to mortgage rates. We’re talking 30-year fixed rates nearly 0.75% lower… Read More »Fannie Mae Is Predicting Much Lower Mortgage Rates by Year End
Mortgage Rate Shopping: 10 Quick Tips to Score a Better Deal on Your Home Loan
It’s time to talk mortgage rate shopping, which has become an absolute must in 2023. Simply put, you’ve got to be more proactive to get… Read More »Mortgage Rate Shopping: 10 Quick Tips to Score a Better Deal on Your Home Loan
We Need 5.5% Mortgage Rates (or Lower) to Attract Home Buyers
A new survey from John Burns Research & Consulting found that 5.5% is the “magic mortgage rate.” By magic, they mean the threshold for a… Read More »We Need 5.5% Mortgage Rates (or Lower) to Attract Home Buyers
Why Do Mortgage Rates Go Down When the Fed Raises Rates?
Yesterday, the Federal Reserve raised its benchmark federal funds rate a quarter point (.25%). As a result, some may have expected consumer mortgage rates to… Read More »Why Do Mortgage Rates Go Down When the Fed Raises Rates?
Mortgage Rates Are Very Volatile Right Now. Here’s What to Watch For
Mortgage rates fell. Then mortgage rates rose. Then mortgage rates fell again. What the heck is going on out there? Bank runs, bank failures, no… Read More »Mortgage Rates Are Very Volatile Right Now. Here’s What to Watch For