If you’ve been keeping track lately, you might be wondering why mortgage rates plunged this week. Last week was a totally different story, with a… Read More »Why Did Mortgage Rates Plunge This Week?
If you’ve got a home equity line of credit (HELOC), you’ve likely seen your interest rate rise significantly over the past year and change. The… Read More »Why Your HELOC Might Be Cheaper as Soon as Next May
These days, a lot of home buyers are using mortgage rate buydowns to make the deal work. They are particularly prevalent on new home purchases,… Read More »How to Supercharge the Savings of a Mortgage Rate Buydown
The other day I wrote about how adjustable-rate mortgages might soon make a comeback, given how high fixed mortgage rates have become. Now that the… Read More »What Are Caps on Adjustable-Rate Mortgages?
If you visit most bank/lender websites and navigate to their home loans section, you’ll likely only see fixed-rate mortgages advertised. This made perfect sense over… Read More »Are Adjustable-Rate Mortgages Finally a Good Deal?
If you don’t believe mortgage rates and home prices can fall together, just look at what home prices have done in the face of 7%… Read More »Mortgage Rates and Home Prices Can Fall Together
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