How to Shop the Current Mortgage Refinance Rates

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 rates have inched up since one year ago, refinance rates are still quite low and likely will not go above 5% in 2017, according to many… Read More »

Top 5 Myths of Rising Mortgage Interest Rates

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 »

Top 6 Reasons for a Mortgage Rate Lock

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 »

5 Signs the Interest Only Mortgage Loan Is Right for You

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 »

5 Reasons US Mortgage Rates Will Remain Low in 2017

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 »

Comparing Today’s 15 Year and 30 Year Mortgage Rate

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. But does it make sense to do a 15 year mortgage… Read More »

4 Ways a Mortgage Calculator Help You Refinance for Best Rate

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 »

How Federal Reserve Impacts Homeowners as Interest Rates Rise

by Bryan Dornan Founder RefiGuide 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… Read More »

6 Reasons to Consider an ARM If Refinancing in 2017

by Bryan Dornan Founder RefiGuide For people who are getting a home loan in late 2016 or 2017, 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… Read More »

When to Refinance into a 15 Year Mortgage Rate

Mortgage rates have been very low in the last few years, especially for 15 year mortgages. Did you know that you can get a 15 year mortgage these days for under 3% in some cases? That makes refinancing your 30 year mortgage into a 15 year mortgage more tempting, but how do you know when… Read More »

7 Things to Verify When Shopping Refinance Mortgage Rates

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 »