Mortgage Rates

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

Locking vs. Floating Your Mortgage Rate

Locking vs. Floating Your Mortgage Rate
August 1, 2012 15 Comments »

To mortgage men and women across the country, it’s an age-old question: “Lock or float?” It’s a question loan officers and mortgage brokers get asked on a daily basis, often over and over again by panicked borrowers. In fact, it ... Read More »

Is a 2% 30-Year Fixed Mortgage a Real Possibility?

Is a 2% 30-Year Fixed Mortgage a Real Possibility?
July 19, 2012 2 Comments »

Week after week, mortgage rates continue to shatter records, and dip to levels no one thought was possible. It seems as if every month we have to revisit the conversation because what seemed like a bottom wasn’t. In fact, not ... Read More »

Are the Low Mortgage Rates a Home Buyer Trap?

Are the Low Mortgage Rates a Home Buyer Trap?
June 14, 2012 2 Comments »

Despite a slight uptick this week, mortgage rates are still pretty much rock bottom, and unarguably at ridiculously low levels. This has sparked yet another refinance boom, with mortgage application volume rising to its highest point since May 2009, per ... Read More »

Proposed Bill Lowers FHA Costs for Educated First-Time Buyers

Proposed Bill Lowers FHA Costs for Educated First-Time Buyers
June 6, 2012 2 Comments »

A new bill being floated by Representative Karen Bass (D-Calif.) aims to lower the costs of obtaining an FHA loan, which have surged in recent months. Back in April, the FHA’s upfront mortgage insurance premium increased from 1% to 1.75%. ... Read More »

More Good News for Mortgage Rates on the Horizon

More Good News for Mortgage Rates on the Horizon
June 5, 2012 No Comments »

Despite the fact that mortgage rates are already in record territory, the Fed doesn’t seem to be satisfied just yet. The Federal Reserve has played a part in pushing mortgage rates lower via a strategy known as “Operation Twist,” which ... Read More »

Mortgage Rate Shopping: 10 Tips to Get a Better Deal

Mortgage Rate Shopping: 10 Tips to Get a Better Deal
June 4, 2012 1 Comment »

Looking for the best mortgage rates? We’ve all heard about the super-low mortgage rates available, but how do you actually get your hands on them? When it’s all said and done, it never seems to be as low as the ... Read More »

You May Have Missed the Housing Bottom, But Not the Mortgage Rate Bottom

You May Have Missed the Housing Bottom, But Not the Mortgage Rate Bottom
May 15, 2012 1 Comment »

Over the past several months, it has become somewhat clear (insert gigantic grain of salt here) that home prices may have bottomed last year, at least in some areas of the country. While it’s still too early to say so ... Read More »

Watch Out for Low Mortgage Rates You Have to Pay For

Watch Out for Low Mortgage Rates You Have to Pay For
May 7, 2012 4 Comments »

Mortgage rates keep on marching lower and lower, with new records broken seemingly every week. But with all the fervor surrounding mortgage rates, some lenders are playing the “how low can we appear to go” game. For example, mortgage lenders ... Read More »

Mass Mortgage Refinancing Plan: Obama’s Ace In the Hole

Mass Mortgage Refinancing Plan: Obama’s Ace In the Hole
January 5, 2012 3 Comments »

We’ve heard talk of mass refinancing plans for years now, but nothing has quite delivered. Sure, the Home Affordable Refinance Program (HARP) was recently expanded to allow just about any homeowner to refinance, regardless of negative equity issues. But since ... Read More »

Happy Holidays: Your Gift is Record Low Mortgage Rates

Happy Holidays: Your Gift is Record Low Mortgage Rates
December 22, 2011 1 Comment »

You guessed it. Just in time for the holidays, mortgage rates fell to yet a new record low. What a nice gift to give existing and prospective homeowners. Average interest rates on the popular 30-year fixed-rate mortgage slipped to 3.91% ... Read More »