Refinance

Mortgage Rates vs. War: The Silver Lining

Sadly, there’s another war taking place, this time Russia’s invasion of neighboring Ukraine. While it doesn’t involve the United States directly, a dispute between Russia and effectively Europe has sent shock waves across the globe. Unfortunately, war, or even just a military strike, is not without its consequences. Aside from the human toll, there’s a… Read More »Mortgage Rates vs. War: The Silver Lining

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Why Do Mortgage Companies Want You to Refinance So Badly?

If you already have a mortgage, there’s a good chance you receive junk mail on a regular basis urging you to refinance. You may receive solicitations from both your current bank/loan servicer and from a competing lender or mortgage broker looking to acquire your business. But why do they want you to refinance your mortgage… Read More »Why Do Mortgage Companies Want You to Refinance So Badly?

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An Easy Way to Save Even More Money with an Adjustable Rate Mortgage

Because mortgage rates have more than doubled lately, interest in adjustable-rate mortgages has taken off. The popular 30-year fixed, which was priced as low as 2.65% in early 2021, is now closer to 6%! At the same time, alternative loan products like the 5/1 ARM are now pricing at a sizable discount. For example, the… Read More »An Easy Way to Save Even More Money with an Adjustable Rate Mortgage

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Top FHA Lenders: Pennymac Is #1 Overall, But Is Biggest the Best?

If you’re in need of an FHA loan, you might be curious who the top FHA lenders are. By top, I mean largest. While biggest certainly doesn’t mean best, or cheapest for that matter, it can helpful to know the major players. If nothing else, these companies should at least have a good understanding of… Read More »Top FHA Lenders: Pennymac Is #1 Overall, But Is Biggest the Best?

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Mortgage Rates vs. Recessions: Do They Go Up or Down During Hard Times?

It’s time for another mortgage match-up, the latest installment “mortgage rates vs. recessions.” This is a timely post seeing that mortgage rates have gone absolutely bonkers lately and talks of another recession are heating up. The Fed created a very accommodative monetary policy over the past decade via Quantitative Easing (QE), which pushed mortgage rates… Read More »Mortgage Rates vs. Recessions: Do They Go Up or Down During Hard Times?

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The Average Homeowner Now Has $207,000 in Tappable Equity: The Question Is How Do You Tap It?

While prospective home buyers continue to grapple with high mortgage rates and limited supply, existing owners are getting richer. A new report from Black Knight revealed that the average American homeowner is sitting on more than $207,000 in tappable equity. The phrase “tappable equity” means an amount that leaves a 20% equity buffer in place,… Read More »The Average Homeowner Now Has $207,000 in Tappable Equity: The Question Is How Do You Tap It?

The post The Average Homeowner Now Has $207,000 in Tappable Equity: The Question Is How Do You Tap It? appeared first on The Truth About Mortgage.

The Average Homeowner Now Has $207,000 in Tappable Equity: The Question Is How Do You Tap It?

While prospective home buyers continue to grapple with high mortgage rates and limited supply, existing owners are getting richer. A new report from Black Knight revealed that the average American homeowner is sitting on more than $207,000 in tappable equity. The phrase “tappable equity” means an amount that leaves a 20% equity buffer in place,… Read More »The Average Homeowner Now Has $207,000 in Tappable Equity: The Question Is How Do You Tap It?

The post The Average Homeowner Now Has $207,000 in Tappable Equity: The Question Is How Do You Tap It? appeared first on The Truth About Mortgage.

10 Simple Ways You Can Save Money on Your Next Mortgage

You’ve heard the news – mortgage rates surged from below 3% to as high as 5.5% in the span of a few months. And they don’t appear to be coming down anytime soon. While that’s up for debate, the trend is clearly NOT your friend when it comes to securing a low interest rate on… Read More »10 Simple Ways You Can Save Money on Your Next Mortgage

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Does the Fed Control Mortgage Rates?

Mortgage Q&A: “Does the Fed control mortgage rates?” With all the recent hubbub concerning mortgage rates, and the Fed, you might be wondering how it all works. Does the Federal Reserve decide what the interest rate on your 30-year fixed mortgage is going to be? Or is it dictated by the open market, similar to… Read More »Does the Fed Control Mortgage Rates?

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