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Fixed mortgage rates sink to lowest levels in history but could be headed higher
The 30-year fixed-rate average sank to a record low 2.65 percent this week. Since the start of 2020, the 30-year rate has fallen more than a percentage point.
Mortgage Rates: Why Credit Scores are Important
When it comes to applying for a mortgage, lenders want to know that the borrower has a reliable history of using and repaying credit. Lenders use FICO scores, which range from 300 to 900, as a benchmark for determining this reliability.
Interest Rates Are Up, So Why Are Mortgage Rates Down?
Mortgage rates are dropping — so why aren’t more people buying homes?
Lower interest rates offer real savings, but that may not be compelling enough to would-be home buyers.
Will you ever see mortgage rates this low again?
If you're looking to buy a home this spring, you're timing couldn't be better. Mortgage rates are hitting their lowest levels in years.
Tips for Refinancing as Mortgage Rates Rise
Mortgage rates are going up, but don’t worry — you haven’t missed the boat on your refi opportunity.
When Should Buyers Lock in a Mortgage Rate?
With mortgage rates on the rise, how do your clients know when it is the right time to lock in a rate? Here are four cases of when they should lock in their rate right away.
Will Increasing Mortgage Rates Impact Home Prices?
There are some who are calling for a decrease in home prices should mortgage interest rates begin to rise rapidly. Intuitively, this makes sense as the cost of a home is determined by the price of the home, plus the cost of financing that home. If mortgage interest rates increase, fewer people will
ARM Can Offset Rising Fixed Mortgage Rates
With mortgage rates rising, some buyers and refinancers are taking a look at adjustables.
6 Tricks to Getting a Great Mortgage Rate
Summer months are some of the busiest for the housing market, meaning checking out mortgage rates is on many of your to-do lists.
Are Mortgage Rates Going Up? 3 Indicators to Watch
Watch these indicators to see if or when mortgage rates will rise, and why the Federal Funds rate is not a key indicator.
Should You Lock When Mortgage Rates Go Higher?
For some homebuyers, the 4.00 percent 30-year fixed mortgage rate is a line in the sand they have no intention of crossing. So where does that leave borrowers like you who are shopping for loans? It may seem counterintuitive, but you might consider locking in your rate before interest rates go any higher.
How Will Mortgage Rate Hikes Impact Home Sales?
When mortgage interest rates begin to climb, experts immediately begin to discuss home affordability indexes. They calculate how an increase in rates will slow home purchases as more and more potential buyers are priced out of the market. Today, with home prices also increasing, many believe that ho
How Your Credit Score Affects Your Mortgage Rate
The higher your credit score, the lower the interest rate on your mortgage.
What Determines Mortgage Rates
Lenders have less to do with determining your mortgage rate than you might think.
Mortgage rates limbo: How low will they go?
Mortgage rates are hovering near record lows, and no one knows how low they’ll go. What can you tell clients about this trend?
Why 5% Mortgage Rates Aren’t a Threat
Economists say higher borrowing costs likely won’t give home buyers the jitters for the long term.
Why mortgage rates are never what you expect
Shopping mortgage rates is a bit like trying to buy a new car that has five different sticker prices on the window. How do you know whether the lowest rate you found is the real deal?
How the Fed is helping to keep mortgage rates low
The Fed is holding a key rate close to zero, which should help home borrowers.
