Mortgage Rates

Everything you’ve ever wanted to know about mortgage rates. And even more than that…

Is the Real Estate Market About to Be Tested?

Is the Real Estate Market About to Be Tested?
May 16, 2013 No Comments »

For months I’ve been talking about how it has become a seller’s market, what with the super low inventory and unbeatable mortgage rates. Factor in the sizable reduction in short sales and foreclosed properties, along with strong investor demand, and ... Read More »

Warren Buffett: Now Is the Time to Get a Mortgage

Warren Buffett: Now Is the Time to Get a Mortgage
May 6, 2013 1 Comment »

There are plenty of so-called experts and gurus out there with all types of advice on what you should do with your money, but perhaps the most celebrated is Warren Buffett, known affectionately as the “Oracle of Omaha.” On Saturday, ... Read More »

Five Reasons Home Prices Are Rising Like Crazy

Five Reasons Home Prices Are Rising Like Crazy
May 1, 2013 No Comments »

If you’ve listened to the news lately, you’ve probably heard that home prices are on the mend, big time. The latest piece of good news comes courtesy of S&P Dow Jones Indices, which released its S&P/Case-Shiller Home Price Indices report ... Read More »

Will Higher Mortgage Rates Cripple the Real Estate Market?

Will Higher Mortgage Rates Cripple the Real Estate Market?
April 10, 2013 1 Comment »

Everyone seems to be thoroughly enjoying the low mortgage rate environment that has been in effect for a couple of years now. Those with existing mortgages likely already refinanced to a lower rate, while those looking to dip their toes ... Read More »

Study Claims Mortgage Default Risk Lower on Energy Efficient Homes

Study Claims Mortgage Default Risk Lower on Energy Efficient Homes
March 19, 2013 1 Comment »

Do you live in a “green” house? If so, you might be a better mortgage borrower, whether you realize it or not. A new study released today by the University of North Carolina at Chapel Hill (UNC) Center for Community ... Read More »

Median 30-Year Mortgage Rates Over the Past 42 Years

Median 30-Year Mortgage Rates Over the Past 42 Years
February 28, 2013 2 Comments »

Everyone knows mortgage rates are low. But just how low are they compared to historical averages, or should I say, medians? Well, fortunately John Burns of John Burns Consulting did the math for us in a recent newsletter. Currently, 30-year ... Read More »

Mortgage Origination Volume Up 34 Percent in 2012

Mortgage Origination Volume Up 34 Percent in 2012
January 31, 2013 No Comments »

What a difference a year makes. As I reported back in September, 2011 was the worst year in mortgage lending since 1995. Just 365 days later, we experienced the best year since 2007, according to data from Lender Processing Services, ... Read More »

Making the Argument for an Adjustable-Rate Mortgage

Making the Argument for an Adjustable-Rate Mortgage
January 16, 2013 No Comments »

It’s no secret that fixed-rate mortgages have dominated the mortgage market in recent years, mainly because they’re just so darn cheap. They’ve been breaking records left and right thanks to the bleak economic outlook and the Fed’s continued buying of ... Read More »

Last Chance to Get a Mortgage Rate Under 4%?

Last Chance to Get a Mortgage Rate Under 4%?
January 14, 2013 No Comments »

At the start of each year, the financial pundits weigh in on the direction of many things for the 365 days that lie ahead, including mortgage rates. And seeing that rates began 2013 at near all-time lows, the obvious (and ... Read More »

Mortgage Rates Not as Low as They Could Be

Mortgage Rates Not as Low as They Could Be
December 31, 2012 No Comments »

A new Fed study and associated workshop revealed that mortgage lenders continue to offer inflated mortgage rates to consumers, despite ongoing efforts to reduce such borrowing costs. Over the past several years, the Fed has pledged to purchase billions in ... Read More »