The Federal Reserve is often in the news, and "interest rates" are usually part of the headline. But what does that mean for your plans to buy a home or refinance? The connection between the Fed's … [Read more...]
Mortgage Rates in Tampa, Florida: Your Comprehensive Guide
Tampa, Florida, continues to attract newcomers with its vibrant culture, sunny weather, and growing job market. This desirability fuels a competitive housing market, making homeownership a challenging … [Read more...]
Historical Mortgage Rates From The 1970s
Mortgage rates are often a good indicator of the country's economy. These rate adjustments can be minor, while some are dramatic, especially during an economic recession. The rates tend to increase … [Read more...]
Tips to Get the Best Interest Rate on Your Mortgage
When buying or refinancing a home, every homeowner desires to have the lowest monthly mortgage payment and to save money where possible. Getting the best interest rate for your mortgage is crucial … [Read more...]
What Factors Determine Mortgage Rates?
When applying for a mortgage loan, it is beneficial for homeowners to understand the factors that affect mortgage rates. Some of these factors can be controlled by the homeowner, while others are out … [Read more...]
Temporary Subsidy Buydown Mortgages
Most of the time, mortgage borrowers have the option to save money by buying down their mortgage, either permanently or temporarily. Although mortgage buydowns can help many homeowners, each borrower … [Read more...]
Permanent Buydown Mortgages
Many borrowers have the option to get a permanent buydown mortgage, which lowers their interest rate and monthly mortgage payment, enabling them to save money over the life of the loan. In this … [Read more...]
Mortgage Teaser Rates
Mortgage interest rates are complex, and often leave borrowers confused and bewildered. Several factors determine the mortgage interest rate for an applicant, such as credit score, loan type, and loan … [Read more...]
Should You Buy Points to Lower Your Mortgage Interest Rate?
When financing a home, there are a host of costs to keep in mind. Two of these costs are the points you may pay on your mortgage, and the interest rate. In most cases, it’s possible to lower the … [Read more...]
Average Mortgage Rates Fell and FHA Lowers Mortgage Insurance Premiums
Average Mortgage Rates Fell Freddie Mac reported that average mortgage rates fell across the board. The rate for a 30-year fixed rate mortgage was 3.73 percent; the average rate for a 15-year fixed … [Read more...]