What is a home equity loan and how does it work?
A home equity loan lets you cash-out your equity without replacing your current mortgage. Learn how home equity loans and home equity lines (HELOCs) work.
Mortgage Rates
2021 Conforming loan limits range from $548K to over $1 million
Conforming loan limits for 2021 rose more than 7% across the United States. Freddie Mac and Fannie Mae loans now go up to $548K in most counties.
FHA loan limits increase for single-family and multifamily loans
Current FHA loan limits for every U.S. county. Check your local FHA loan limit for 1-unit, 2-unit, 3-unit, and 4-unit homes. Limits start at $350K.
Mortgage Rates vs. a Potential War with Iran
Well, itâs a new year and it certainly didnât begin quietly. Might as well address the elephant in the room when it comes to your mortgage. This isnât the first time Iâve discussed the possibility of war and its impact on mortgage rates, with the last discussion centered on the Syrian conflict back in 2013. [&hellip
The post Mortgage Rates vs. a Potential War with Iran first appeared on The Truth About Mortgage.
Current Mortgage Rates for Monday, August 20, 2018
Mortgage rates are continuing to hover in a tight range. We saw last week in the Freddie Mac PMMS that they moved a little bit lower, but that’s not a trend we expect to sustain over time. Read on for more details. Where are mortgage rates going?         … View Article
What Biden means for mortgage rates, housing policy, and real estate
Learn what Biden’s presidency means for mortgage rates, housing policy, real estate, and renters in the coming years.
Current Mortgage Rates Continue to Move Lower
It’s been good news this week for home buyers and home owners looking to refinance as mortgage rates have improved. It hasn’t been a big swing lower but mortgage rates have mostly remained lower after a drop on Monday morning. Read on for more details. Where are mortgage rates going?      … View Article
Refinancing just got more expensive, thanks to this new fee
A new fee will be added to conventional mortgage refinances on September 1. Will this mean higher refinance rates? For some, it’s likely.
Mortgage rates drop even lower to new record of 2.65%
The average U.S. mortgage rate for a 30-year fixed loan fell two basis points this week to 2.65% â the lowest rate in the surveyâs near 50-year history.
The post Mortgage rates drop even lower to new record of 2.65% appeared first on HousingWire.
An Alternative to Paying Mortgage Points
If and when you take out a mortgage, youâll be faced with an important choice. To pay or not pay mortgage points. In short, those who pay points should hypothetically secure a lower interest rate than those who do not pay points, all else being equal. Thatâs because mortgage points, at least the ones that [&hellip
The post An Alternative to Paying Mortgage Points first appeared on The Truth About Mortgage.