Mortgage rates finally caught a break last week after steadily rising throughout much of 2023. The 30-year fixed fell about a half a percentage point… Read More »CEO of Nation’s #1 Mortgage Lender Expects Mortgage Rates to Be Lower Before the Election
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.
You’ve probably heard of the mortgage rate lock-in effect, where homeowners are unwilling (or unable) to give up their ultra-low mortgage rates. Also known as… Read More »Lender Will Split the Difference If You Give Up Your 3% Mortgage Rate
Lately, mortgage rate buydowns have been all the rage as a means to reduce home buying costs. This could come in the form a temporary… Read More »Are Adjustable-Rate Mortgages Going to Replace Mortgage Rate Buydowns?
For those of you still wondering why home prices haven’t plummeted, despite significantly higher mortgage rates, it’s because there isn’t a negative correlation. A lot… Read More »Higher Mortgage Rates Hurt Sales Volume, Not Home Prices
If you thought 8% mortgage rates were bad, what about 9% mortgage rates? What was once unthinkable is now not so hard to believe, with… Read More »Is It Time to Start Talking About 9% Mortgage Rates?
One of the things prospective home buyers and existing homeowners seem to care most about is mortgage rates. And for good reason – the interest… Read More »An 8% Mortgage Rate?! Use These Mortgage Charts to Easily Compare Monthly Payments Fast
On a day when mortgage rates are officially close to hitting 8%, I decided to write a post about why they might be a lot… Read More »8% Mortgage Rates Look Imminent, But Could That Be Their Peak?
It’s time to talk about assumable mortgages. Everyone knows mortgage rates are no longer super cheap. The popular 30-year fixed was in the low 3%… Read More »Assumable Mortgages: A Little Known Tool You Can Use Now That Interest Rates Have Surged Higher
If you’ve been keeping track lately, you might be wondering why mortgage rates plunged this week. Last week was a totally different story, with a… Read More »Why Did Mortgage Rates Plunge This Week?
These days, a lot of home buyers are using mortgage rate buydowns to make the deal work. They are particularly prevalent on new home purchases,… Read More »How to Supercharge the Savings of a Mortgage Rate Buydown