No doubt you’ve heard that mortgage rates are low. They’re lower than they’ve ever been in history. The news is everywhere. But the low rate environment looks like it’s ending.
30-Year Mortgage Rates Make New Lows, But Look Ready To Spike
Category: Mortgage Rates
Mandatory Loan Fees Keep Borrowers From Getting Their Absolute Lowest Rate
Conforming mortgage rates may be posting all-time lows this week, but that doesn’t mean you’ll be eligible for them. You may have already called your loan officer and found this out the hard way. It’s because of a federally-mandated mortgage-pricing scheme known as “loan-level pricing adjustments”.
The 1 Force That Can Really Change A Mortgage Rate
Mortgage rates move in response to hundreds of factors. Among the biggest influences on mortgage rates? Inflation.
Conforming Loan Costs Are Rising, Says Freddie Mac
Mortgage rates may be dropping, but mortgage costs are not. According to Freddie Mac, the average required discount points on a conforming mortgage rate are higher by 0.1 percent since early-May.
Should You Refinance Your Mortgage?
Mortgage rates are low and they likely won’t stay that way. If you’ve been thinking about a refinance, talk to your loan officer as soon as possible.
Shopping For Mortgage Rates Is Part Research Skills, Part Luck
Shopping for mortgage rates takes more than good research skills. It takes a little bit of luck, too.
How Iceland’s Volcanoes Are Helping Mortgage Rates Fall
Volcanic eruptions and like natural disasters remind us: mortgage rates change for all sorts of reasons. Some we can predict, most we cannot. There’s literally thousands of influences on the U.S. mortgage market. If you’ve been shopping for a home or floating a mortgage rate, luck’s been on your side.
It’s A Good Time To Look At Adjustable Rate Mortgages
Each week, government-led Freddie Mac publishes a weekly mortgage rate survey based on data from 125 banks across the country. According to this week’s results, the relative rate of a 5-year ARM is extremely low versus its 30-year fixed-rate cousin.
For Clues About The Future Of Mortgage Rates, Watch For Inflation
If you’re trying to gauge whether rates will be rising or falling, one keyword for which to listen is “inflation”. Mortgage rates are highly responsive to inflation.
How You Can Get The Most Accurate, Real-Time Mortgage Rate Quotes Available
Although the newspapers reported mortgage rates down last week, they weren’t. Conforming mortgage rates were higher by at least 1/8 percent, or roughly $11 per $100,000 borrowed per month. In some cases, rates were up by even more.