The Consumer Financial Protection Bureau (CFPB) has finalized a rule that will remove medical debts from consumer credit reports. In doing so, Americans’ credit scores… Read More »New Rule Removes Medical Bills from Credit Reports, Could Lead to 20K More Mortgage Approvals Annually
The popular 30-year fixed averaged 6.91% to begin 2025, per the latest Freddie Mac data. This means mortgage rates are now on par with 2001… Read More »Mortgage Rates Are Back at 2001 Levels
It’s no secret that the 30-year fixed was the best deal ever a few short years ago. Back in 2021 (and in surrounding years) you… Read More »Is the 30-Year Fixed Even a Good Deal Anymore?
Are You a Mortgagee or Mortgagor? It’s 2025 and it’s time for some fresh mortgage Q&A! Today’s question: “What is a mortgagee?” No, it’s not… Read More »What Is a Mortgagee? Hint: It’s Not a Typo Nor Is It Misspelled
Mortgage Q&A: “What is a lender credit?” If you’ve been shopping mortgage rates, whether for a new home purchase or a refinance, you’ve likely come… Read More »Lender Credits: The Opposite of Paying Points on Your Mortgage
What a difference a year makes. Toward the end of 2023, mortgage rates fell nearly 150 basis points to ring in the New Year. Meanwhile,… Read More »We Are Entering 2025 with Mortgage Rates on the Rise
1. Mortgage rates will move lower and hit the 5s at some point I always start my New Year predictions post with a guess about… Read More »2025 Mortgage and Real Estate Predictions: Where Is the Market Headed Next?
With home prices out of reach for many and affordability the worst it’s been in decades, a lot of folks are talking about another housing… Read More »One Major Reason Why the Housing Market Is Much Better Off Than It Used to Be
If you’ve scanned the headlines lately, you probably saw that mortgage rates went up yet again. And they did so despite another Fed rate cut,… Read More »Mortgage Rates Increased About a Quarter Percent This Week. What Does That Actually Mean?
Well, it happened again. The Federal Reserve announced another rate cut and mortgage rates surged higher. In fact, the 30-year fixed now starts with a… Read More »The Reason Mortgage Rates Jumped After the Fed Rate Cut
