Mortgage Rates

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

Should You Bother Refinancing Your Current Mortgage Rate?

Should You Bother Refinancing Your Current Mortgage Rate?
November 15, 2011 8 Comments »

If you don’t mind, let me beat a dead horse. Mortgage rates are at or near record lows and you could save a ton of money by refinancing your mortgage. There. I won’t say it again because I know how ... Read More »

Will Low Mortgage Rates Hurt Home Sales?

Will Low Mortgage Rates Hurt Home Sales?
October 10, 2011 No Comments »

Last week, I argued that the super low mortgage rates could actually be contributing to strategic defaults. The general idea being that the current low mortgage rates today make it even less desirable to hold a “high-rate” mortgage from the ... Read More »

Mortgage Rates Lowest Ever, Woo.

September 8, 2011 No Comments »

About a month ago, I discussed whether mortgage rates could drop any lower. At that time, the en vogue 30-year fixed-rate mortgage averaged 4.32%, per Freddie Mac data. Today, expectedly, it hit a fresh all-time low, falling to 4.12%. Freddie ... Read More »

Now You Can Get a 30-Year Fixed at 3.25%

August 30, 2011 1 Comment »

We all know mortgage rates are low, but this is seemingly ridiculous. The New Hampshire Housing Finance Authority is currently offering a mortgage rate as low as 3.25% on a 30-year fixed-rate mortgage. And that’s with as little as 3.5% ... Read More »

Chase Mortgage Refinance Rates Intentionally Inflated?

August 24, 2011 No Comments »

Those looking for a mortgage refinance may get a surprise if they bank with Chase. The NYC-based bank and mortgage lender is currently advertising mortgage rates well above the national average. The WSJ first reported on the “issue,” speculating that ... Read More »

A 30-Year Fixed in the 3% Range? Maybe, But Does Anyone Care?

August 3, 2011 No Comments »

The good news about the continued economic uncertainty is interest rates keep slipping lower and lower. The basic principle with regard to mortgage rates is that bad economic news pushes them down, and good news makes them rise. Fairly simple. ... Read More »

Why Are Mortgage Rates Different?

Why Are Mortgage Rates Different?
June 30, 2011 No Comments »

Mortgage rate Q&A: “Why are mortgage rates different?” Why is the sky blue? Why are clouds white? Why won’t your neighbor trim their tree branches? These are all good questions, and ones that often puzzle even the most savvy of ... Read More »

Non-QRM Mortgage Rates May Be One Point Higher

June 22, 2011 No Comments »

In case you haven’t heard, Congress has been hard at work setting new standards for mortgages so we don’t see another housing crisis any time soon. Specifically, they’re working on a so-called Qualified Residential Mortgage, which would be exempt from ... Read More »

Mortgage Rates Expected to Stay Below Five Percent Through Early 2012

June 20, 2011 No Comments »

Here’s some good news if you’re looking to buy or refinance in the near future. Mortgage rates, specifically 30-year fixed mortgage rates, are expected to stay below five percent through to next year, according to mortgage financier Fannie Mae. The ... Read More »

Are Mortgage Rates Higher for Condos?

June 16, 2011 No Comments »

Mortgage Q&A: “Are mortgage rates higher for condos?” If you’re in the market for a new condo or a townhouse (as opposed to a house), you’re probably looking to save some money on your mortgage payment each month. After all, ... Read More »