It’s looking more likely that there will be a government shutdown beginning October 1st, which begs the question, what happens to mortgage rates? Do they… Read More »What Happens to Mortgage Rates During a Government Shutdown?
Recently, a friend of mine with an adjustable-rate mortgage told me his rate was set to adjust significantly higher. His current loan, a 7/1 ARM,… Read More »What to Do If Your Adjustable-Rate Mortgage Is About to Adjust Higher
Over the past year or so, home equity lines of credit (HELOCs) have become a lot more popular. As a quick refresher, HELOCs are typically… Read More »How to Compare HELOCs From One Lender to the Next
Frost Bank, long absent from the mortgage industry, is back in the biz and rolling out a zero down home loan for its customers. The… Read More »Frost Bank Re-Enters Mortgage Biz with a Zero Down Home Loan
If you think home prices are too expensive, you wouldn’t be the only one. A new analysis from First American revealed that housing affordability is… Read More »Home Prices Least Affordable in Over Three Decades
Today was a rough day for mortgage rates as the market digested the Fed’s latest outlook, which confirmed its inflation fight is far from over.… Read More »Are High Mortgage Rates Here to Stay?
When you take out a mortgage, whether it’s a refinance or a home purchase, you may come across the phrase “cash to close.” Virtually all… Read More »What Is Cash to Close?
Past Ginnie Mae president Ted Tozer has argued that the FHA should lower or completely eliminate its current 3.5% down payment requirement. He discussed the… Read More »Former Ginnie Mae Boss Makes the Case for a Zero Down FHA Loan
At last glance, 30-year fixed mortgage rates were sitting above 7%. Despite this, there are virtually no homes for sale. One would assume that after… Read More »Why Are There No Homes for Sale?
One interesting aspect of the home loan process is the sheer number of individuals you’ll work with along the way. You don’t just speak to… Read More »Who Are All the People Involved in the Home Loan Process?
