Mortgage Rates
Everything you’ve ever wanted to know about mortgage rates. And even more than that…21 Things That Can Drive Your Mortgage Rate Higher
Wondering why you didn’t receive the low mortgage rate you saw advertised on TV? Well, there are a ton of reasons why the quote you obtained was higher. Let’s explore a lot of them. 1. Low credit score This is ... Read More »
The Fed Non-Taper Doesn’t Really Save Homeowners That Much Money
It’s been about two weeks since the Fed decided to keep its mortgage purchases going strong, an initiative implemented to keep downward pressure on interest rates. So how meaningful has the decision to keep things unchanged been for mortgage rates? ... Read More »
Zillow: Credit Score Single Most Important Factor for Mortgage Rates
This morning, Zillow, the company behind the love it or hate it Zestimate, released a new study that analyzed the impact credit scores have on mortgage rates and corresponding payments. The company used data from 13 million loan quotes and ... Read More »
Is the ‘No Taper’ Good or Bad for Mortgage Rates and the Housing Market?
Yesterday, many declared “victory” when the Fed decided not to taper its monthly purchases of mortgage-backed securities and longer-term Treasuries. Put simply, most assumed the Fed would announce some level of tapering, such as reducing their $40 billion in monthly ... Read More »
Mortgage Rate History: Check Out These Charts from the Early 1900s
Today we’ll take a brief look at some mortgage rate history to gain a little context. It’s always helpful to know what came before so you can better guess what might come after. Just about everyone knows that mortgage rates ... Read More »
Freddie Chief Economist ‘Pretty Certain’ 30-Year Fixed Mortgage Rates Will Hit 5% by Mid-2014
During the latest radio interview with Real Estate Today Radio, Freddie Mac Vice President and Chief Economist Frank Nothaft weighed in on the direction of mortgage rates, as he normally does for his own company. While he typically speaks about ... Read More »
There Are Two Ways to Look at Today’s Higher Mortgage Rates: One Good, One Bad
Mortgage rates have been all the rage this year, with new record lows met with equally unprecedented upsurges. It’s been a rough ride for many of those in the business, along with homeowners looking to refinance or purchase a new ... Read More »
Prospective Buyers Are Beginning to Walk Away from Home Purchases
Over the past few years, the term “walking away” was synonymous with strategic default. In short, homeowners who were underwater on their mortgages had very little hope of turning things around. As a result, they would simply walk away from ... Read More »
Mortgage Rates vs. War: The Silver Lining
Over the past week or so, there have been hawkish rumblings of a U.S.-led military strike in Syria, whose government allegedly used chemical weapons on its own people. Defense Secretary Chuck Hagel indicated that his crew is “ready to go,” ... Read More »
First Sign of Mortgage Rate Impact as New Home Sales Disappoint
There’s been a lot of speculation lately about the impact higher mortgage rates might have on the housing market, with some arguing that they’ll simply slow purchases, while another claimed they’ll lead to smaller home purchases. Regardless, we now have ... Read More »
