If you’ve been paying attention, you may have noticed that mortgage rates have quietly crept back up to nearly 7%. While it appeared that those… Read More »Mortgage Rates Take Time to Fall, So Be Patient
I came across a report from CoreLogic the other day that said home equity loan lending increased to its highest level since 2008. Whenever anyone… Read More »Is Home Equity Lending Really That Crazy Today?
The nation’s largest mortgage lender, UWM, has launched a new 90% LTV cash-out refi to drum up more business. While it’s being sold to mortgage… Read More »UWM Is Now Offering 90% LTV Cash Out Refis. Should We Worry?
At first glance, assumable mortgages sound like an awesome solution to a problem home buyers have been facing lately. With mortgage rates now closer to… Read More »Assumable Mortgages Have a Down Payment Problem
Last week, I argued that mortgage rates remain in a downward trend, despite some pullback lately. The 30-year fixed had almost been sub-6% when the… Read More »A Temporary Buydown Could Make Sense While Mortgage Rates Continue to Fall
It’s not quite Halloween just yet, but home buyers may have already gotten a good scare. The 30-year fixed mortgage, for which most buyers rely… Read More »Is This Mortgage Rate Scare Going to Get Home Buyers Off the Fence?
Over the past several years, we’ve been entirely focused on high mortgage rates. The 30-year fixed surged from sub-3% levels to around 8% in the… Read More »Are Mortgage Rates Just a Distraction for High Home Prices?
In the mortgage rate world, it’s sometimes a game of inches. This can be true for both prospective home buyers and existing homeowners looking for… Read More »Five Million Refinances Hinge on Mortgage Rates Falling Back to 5.5%
Did those higher mortgage rates ruin your plans to refinance your mortgage? Well, there might be a temporary solution to save some money while you… Read More »If You Can’t Refinance, You Can Make Larger Mortgage Payments Each Month Instead
Ever since the Fed announced their 50-basis point cut, mortgage rates have been climbing higher. In fact, they’re basically 50 bps higher since the Fed… Read More »Mortgage Rates Don’t Move in a Straight Line Up or Down
