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...]
Tips to Get the Best Interest Rate on Your Mortgage
It’s important to get the best interest rate for your mortgage to have the lowest possible monthly payment, and possibly the option to lower the term of your loan and build equity more quickly. So, … [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...]
Mortgage Rates Were Mixed As Pending Home Sales Rose and Home Price Growth Continues to Slump
Mortgage Rates Mixed Fixed mortgage rates rose last week. Freddie Mac reported that average rates for 30-year and 15-year mortgages rose to 3.87 percent and 3.15 percent respectively; the average … [Read more...]
Mortgage Rates Up, as Housing Market Continues to Cool
Mortgage Rates Up Mortgage rates rose across the board according to Freddie Mac's weekly survey of average mortgage rates. The average rate for a 30-year fixed rate mortgage increased three basis … [Read more...]
Mortgage Rates Fell, Housing Index and Housing Starts Lower
Mortgage Rates Fell Last week, Mortgage rates fell according to Freddie Mac. The average rate for a 30-year fixed rate mortgage was 3.80 percent as compared to the prior week's reading of 3.93 … [Read more...]
