Mortgage Rates

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

Spread Between Current Mortgage Rates and Existing Loans at 10-Year High

Spread Between Current Mortgage Rates and Existing Loans at 10-Year High
October 19, 2012 No Comments »

Per a new research report from CoreLogic, the spread between mortgage rates on existing loans and current mortgage rates is the highest it has been in a decade. Thanks to recent, heavy declines in mortgage rates, the spread is now ... Read More »

Pros and Cons of Refinancing Your Mortgage Right Now

Pros and Cons of Refinancing Your Mortgage Right Now
October 9, 2012 No Comments »

Since April 1, 2009, roughly 16.2 million American homeowners have refinanced their mortgages, according to the latest Housing Scorecard released by HUD. But as you may or may not know, there are still millions of homeowners who have not, for ... Read More »

Consumers Don’t Care About Low Mortgage Rates Anymore

Consumers Don’t Care About Low Mortgage Rates Anymore
September 26, 2012 No Comments »

As you’re probably aware, the latest move to boost the economy was another round of quantitative easing, known as QE3. This most recent initiative targets mortgage-backed securities specifically, with the Fed pledging to purchase $40 billion per month, on an ... Read More »

What QE3 Means for Mortgage Rates

What QE3 Means for Mortgage Rates
September 17, 2012 No Comments »

As widely expected, the Federal Reserve announced “QE3” last week, a move taken to bolster the flagging economy by putting downward pressure on long-term interest rates. More specifically, the Fed pledged to purchase even more agency mortgage-backed securities (MBS) in ... Read More »

The Problem With Mortgage Rate Surveys

The Problem With Mortgage Rate Surveys
September 6, 2012 2 Comments »

Every week, mortgage financier Freddie Mac comes out with a mortgage rate survey, which reveals the average interest rate (and points) charged by lenders for popular types of home loans. About 125 lenders from across the nation, including thrifts, mortgage ... Read More »

Why Your Mortgage May Get More Expensive

Why Your Mortgage May Get More Expensive
September 4, 2012 No Comments »

Last Friday, the Federal Housing Finance Agency (FHFA) announced plans to increase guarantee fees (g-fees) on loans sold to Fannie Mae and Freddie Mac. Banks and lenders pay Fannie and Freddie so-called “g-fees” in exchange for purchasing their loans and ... Read More »

Do Mortgage Brokers Offer Better Rates Than the Competition?

Do Mortgage Brokers Offer Better Rates Than the Competition?
August 30, 2012 4 Comments »

In your endless search to find the lowest mortgage rates on the planet, you may be wondering which route will lead to the biggest savings. Should you go to your local bank, try your luck with an online mortgage lender, ... Read More »

New Rule Aims to Demystify Mortgage Origination Costs and Fees

New Rule Aims to Demystify Mortgage Origination Costs and Fees
August 21, 2012 1 Comment »

Yet another proposed rule is being floated by the Consumer Financial Protection Bureau (yes, they’ve been busy) to help mortgage shoppers better understand the origination costs and fees associated with their home loans. The group argues that in its current ... Read More »

A Long Mortgage Process Can Be Your Friend or Your Worst Enemy

A Long Mortgage Process Can Be Your Friend or Your Worst Enemy
August 17, 2012 No Comments »

Let’s face it, these days it takes a while to get a mortgage. And by a while, I mean months in some cases. Why? Because everyone and their mother is well aware of the record low mortgage rates, and they ... Read More »

Why Does Everyone Want Us to Pay Down Our Mortgages?

Why Does Everyone Want Us to Pay Down Our Mortgages?
August 8, 2012 No Comments »

You may have noticed lately that there’s been a major push by the powers that be to pay off our mortgages quicker. If you look at most mortgage refinance initiatives, you’ll notice that the 15-year fixed (or any shorter term ... Read More »