It can be tempting to think of the mortgage interest rate as a number your lender pulls out of thin air. We hear on a regular basis that rates are trending up or down, but what influences these trends and what role does the government play in shaping them?
Have you ever wondered what affects the interest rates you can get on your mortgage? In this post, we’ll explain how the price of crude oil influences your pocketbook in more ways than one.
A new phenomenon is affecting the mortgage and real estate industries. People who bought a home or refinanced in the last few years have such a ridiculously low mortgage rate that they don’t want to move and have to accept a new mortgage with a higher rate. But the reality is that these people might be making a costly mistake.
Understanding mortgage rates and how they relate to mortgage terms and interest is critical to making the best mortgage decision. That’s why we’ve created a new Zing educational guide – Mortgage Rates 101. We want you to be knowledgeable before you apply for your mortgage.
According to the Primary Mortgage Market Survey released by Freddie Mac, average fixed-rate mortgage rates decreased for the fourth consecutive week and hit a new low for the year.
If you have a 30-year fixed mortgage with a rate of 4.5% or higher, there’s great news. Right now, a 15-year fixed is about 1% below the 30-year fixed rate. That means you could save thousands of dollars of interest over the life of your loan by refinancing to a 15-year fixed. If you’re interested in seeing if you could save money, enjoy a low interest rate, or pay off your loan faster, you owe yourself a chance to get a Quicken Loans Mortgage Review today!
The National Association of Home Builders index of U.S. home builder sentiment rose to 58 in December, a stronger reading than the consensus expected.
Really great article in the New York Times last Friday about what Americans can expect in the upcoming year. Well, what they can expect when it comes to mortgages and home buying to be precise. Overall, the news is pretty good for home buyers, who can expect to get more home for their buck and lenders making getting a mortgage just a little easier as restrictions loosen.
According to the weekly Primary Mortgage Market Survey, those of you who took advantage of the low rates last week did so at the right time. This week, rates moved higher for the first time in three weeks.
Senate Democrats were three votes short of advancing the nomination of U.S. Congressman Mel Watt to head the agency that oversees the Fannie Mae and Freddie Mac mortgage groups. Read about this and more in this week’s Market Update.