Buying a home is always a challenge for many people given the money involved. But in 2018, interest rates have been rising and are likely to continue to do so. According to Zillow, today’s rate for a fixed rate, 30-year mortgage is approximately 4.45% with a 4.52% APR. Yes, the possibility of higher home loan rates… Read More »
Learn How to Navigate Mortgage Rates with Fannie Mae /Freddie Mac, FHA, VA, USDA, Non-QM Loan Programs from Competitive Lending Sources Online. Buying a home in 2018 can be a challenge for many of us. There is a lot of paperwork and many parties involved. If you are a first-time buyer, you also may not… Read More »
People who want to buy a home in America usually choose a 30-year fixed rate mortgage. It is estimated that just 3 years ago that 2/3 of all mortgage applications were 30-year mortgages, and 86% of purchase applications were 30 year notes. But as interest rates are continuing to rise in 2018 into 4.6% or… Read More »
2019 is just around the corner and refinance mortgage rates are on the way up. According to Freddie Mac, the average rate on mortgage refinance loans today is 4.6%. If you been considering a refinance as a new home owner, you may want to get it done sooner than later. Some experts believe that with… Read More »
In late July 2018, the Federal Reserve stated that there is strong economic growth, which means it will continue to increase interest rates to head off inflation. The current Federal Funds Target rate is in the range of. 2%. The Fed believes the US economy is rising at a good rate and household spending is… Read More »
America is moving into a longer term higher interest rate environment. You may have noticed a lot of advertisements for hybrid loans like the 3/1 and 5/1 ARM mortgage. In 2018, we have seen mortgage rates move above 4% and stay there, with rates now in the 4.6% range for a fixed rate, 30-year note.… Read More »
As mortgage rates rise in 2018 and the long-term outlook is for higher rates, some home owners are deciding to refinance their mortgages now before it is too late. If you have the ability to qualify for a mortgage refinance with a lower interest rate without paying excessive closing costs that reduces your monthly payment,… Read More »
Buying a home has always had its challenges, but it is expected that some homeowner friendly tax deductions will disappear as the Trump tax law takes effect. This will mean that for many Americans, it may not be as good financially to own a home. Yes, home mortgage rates are rising, but there are still… Read More »
After a small drop in the last month in March 2018, mortgage refinance rates have been on the rise again as the Federal Reserve has been raising rates. According to the Freddie Mac weekly rate survey of the last week of March 2018, the rate for a 30 year fixed rate mortgage was 4.58% from… Read More »
In many circles today the 15-year mortgage is touted a good financial choice for homeowners who can afford to pay the much higher payments each month, and who want to get rid of their mortgage much faster. Potentially, 15-year mortgage rates today open up the door of opportunity for a borrower to save thousands in… Read More »
Do you want to refinance your home but are worried about interest rates going up? This could be a valid concern in 2018 as rates are probably going to rise as the economy gathers steam. But don’t worry, you still have time to refinance. If you follow our tips below, you will have a better… Read More »
The interest rates on 30-year mortgages as of August 2017 were at the lowest point for the entire year, at a mere 3.86%. This is the lowest rates have been since November of 2016. Meanwhile, the rates on 15-year mortgages was only 3.16%, which are very popular with people who refinance. Many experts expected that… Read More »
Getting a home equity line of credit or HELOC loan looks to be popular move in 2018. The best HELOC rates are still very reasonable, and property values are appreciating in much of the US. It’s no secret that homeowners have access to many financial benefits such as tax deductions and flexible low interest home… Read More »
Mortgage interest rates began to inch upward in 2016, but as of mid-year 2017, rates have begun to fall again. By June 1, 2017, the 30 year mortgage rate dropped to 3.95%, which is a new low for the year. Below are some more specifics that may mean great news for many home shoppers: 30-year… Read More »
Mortgage rates at the end of 2017 edged higher but overall, most experts think that they will not go a lot higher in 2018. And regardless, the interest rates for home loans and refinancing are still historically very low. As of April 2018, mortgage interest rates have stayed fairly level after edging up at the… Read More »
Do you want to refinance but are wondering about the current mortgage interest rate environment? Don’t worry too much: You still have time to get a good deal. While interest rates have inched up since one year ago, refinance rates are still quite low and likely will not go above 5% in 2018, according to… Read More »
If you have monitored mortgage interest rates in the last several months, you probably know that rates have inched up considerably since the November 2016 presidential election. The Federal Reserve increased the rates in December 2016, and has indicated through the media that two more rate hikes are on the horizon for 2017. It seems… Read More »
Many experts think that FHA interest rates could be in for some unpredictability in 2018. In the last decade, FHA loan rates have been competitive with conventional mortgage rates associated with prime loan programs backed by Fannie and Freddie. The Federal Reserve plans to meet in February, and a critical non-farm payrolls report is due… Read More »
When you are in the process of closing on your home loan, you will have the opportunity within roughly 30 days of closing to do a mortgage rate lock. There are several important reasons to lock your mortgage rate when buying a home or refinancing your current mortgage: #1 It Protects You Against Inflation A… Read More »
If you are in the market for a new mortgage, one of your options is an interest only mortgage loan. This is a type of loan where the borrower only pays the interest on the loan for the first 5-10 years of the loan. After that term is over, the borrower has to start paying… Read More »
After Donald Trump was elected as the next president of the United States, mortgage interest rates bumped a bit higher. Also, in December 2016, the Federal Reserve increased interest rates by ¼ of a point. According to the weekly Freddie Mac report, this led to interest rates going higher so that 30 year mortgages were… Read More »
The current mortgage rates are still very low, with a 30 year fixed mortgage hovering in the 4% range and 15 year fixed mortgages at 3.625% (3.855% APR). With rates this low, many people are thinking about either buying a new home or refinancing. Does it make sense to do a 15 year mortgage instead… Read More »
If your adjustable rate mortgage is going to adjust soon, you may want to consider locking in a fixed rate soon. As of January 2017, 30 year, fixed interest rates are in the low 4% range. For the last several years, it made sense to have an ARM in many situations, but it looks like… Read More »
Deciding the best time to refinance your mortgage will depend upon many factors; it is not just when interest rates are low. Many Americans get the facts by using a mortgage calculator choose to refinance their home every day for a few common reasons: Increase retirement saving by investing in real estate or the stock… Read More »
With Donald Trump winning the election, interest rates have started to go up, and the Federal Reserve has promised that interest rates will be increased next month when they meet as well. When the Fed raises rates it doesn’t always mean mortgage rates for all types of loans rise. Sometimes there are new opportunities that… Read More »
by Bryan Dornan Founder Refi Guide For people who are getting a home loan in late 2018, you may know that you are probably buying in a time of rising interest rates. While interest rates will not rise through the roof, you can expect to pay more for a mortgage in six months than today.… Read More »
Many homeowners and potential homeowners may be familiar with adjustable rate mortgages, or ARMs. Perhaps some of them might think that hybrid loans like the 3/1 or 5/1 ARM carry a higher risk, given the fallout from the mortgage crash in 2009. However, ARMs have changed a lot in the last few years; one of… Read More »
Many people think that having a 15 year mortgage will always be better than a 30 year mortgage. Sometimes it may be, and sometimes it may not be. There actually are financial experts out there who argue that one should have a big mortgage and pay it over a long period of time, in some… Read More »
Mortgage rates have been very low in the last few years, especially for 15-year mortgages. Did you know that just a few months ago, Zillow reported 15 year mortgage under 3% for qualified borrowers? That makes refinancing your 30-year mortgage into a 15-year mortgage more tempting, but how do you know when you should do… Read More »
by Tom Murphy NMLS # 662141 Home Services Lending Carlsbad, CA Shopping for a mortgage always involves plenty of shopping around and homework, whether it is a first mortgage or a refinance. As you are looking for that loan, there are a number of things that you should do and verify to ensure that you… Read More »
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