Refinance

An Alternative to Paying Mortgage Points

If and when you take out a mortgage, you’ll 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. That’s because mortgage points, at least the ones that [&hellip

The post An Alternative to Paying Mortgage Points first appeared on The Truth About Mortgage.

3 Questions for Anyone Refinancing to a 15-Year Mortgage

If you’re tired of having mortgage debt, refinancing from a 30-year loan to a 15-year loan will allow you to pay it off faster. On top of that, you’d also pay less in interest, as shorter loans come with better rates. Refinancing … Continue reading →

The post 3 Questions for Anyone Refinancing to a 15-Year Mortgage appeared first on SmartAsset Blog.

Nevada County, California VA Loan Information

Table of Contents What is the VA Loan Limit? How to Apply for a VA Home Loan? What is the Median Home Price? What are the VA Appraisal Fees? Do I need Flood Insurance? How do I learn about Property Taxes? What is the Population? What are the major cities? About Nevada County Veteran Information […]

The post Nevada County, California VA Loan Information appeared first on VA Home Loan Centers.

Current Mortgage Rates are Flat to Start the Week

It’s a quiet start to the week with mortgage rates holding steady. That could be a trend that persists for the remainder of the week as there’s really not much scheduled on the economic calendar this week. Thursday and Friday are the only days where we really have some inflation data out that could impact… View Article

Housing starts rose to fastest pace since 2006 in December

Home construction starts rose for a fourth-straight month in December to the best pace since late 2006 as builders responded to the robust demand for single-family housing.

Mortgage and refinance rates today, January 12, 2021

Today’s mortgage and refinance rates  Average mortgage rates held steady yesterday. And that was a pleasant surprise because they’d looked likely to rise again first thing — and also because […]

Mortgage denial stats by race: What we can learn

A recent report showed racial divides in mortgage approval and denial. We look closer at the data to see why, and how anyone can improve their chance of mortgage success.

Mortgage Rates Find Some Support After an Ugly Start

Mortgage rates were off to a very bad start this morning, but recovered a portion of what they lost by the end of the day. The specifics depend greatly on the lender in question. Sadly, few if any lenders are still able to offer the rates seen yesterday. To make matters worse, yesterday’s rates were already significantly higher than those seen just one week prior. But how about a big silver lining? One week prior to yesterday, the average lender was offering all-time low mortgage rates. So being “significantly higher” than that still hasn’t been enough to move the average top tier conventional 30yr fixed quote up to 3%. Before covid, 3.125% was the lowest ever 30yr fixed rate! If you’re in the purchase market, 2.75% is still common (2.875% for refis). Lenders continue to be widely stratified

MBS Day Ahead: Defensive Shift is a Cause For Concern; Yields Struggling With an Important Floor

Posted To: MBS Commentary

The GA senate election shift is old news. It did the damage it was always likely to do, but bonds had a good show of support by the end of the following week. That made good enough sense considering the pandemic is driving the market and the pandemic can't be quickly defeated. But it's worth noting that the pandemic is also driving central bank policy, and when those policies are tweaked–even subtly–bonds can and will reac t. This morning's change to the ECB's PEPP is the latest example. If you didn't click the link above, the nutshell version is this: the European Central Bank made a subtle change to its pandemic relief bond buying program that COULD mean it will buy slightly less than the maximum amounts. When these programs are initially announced, markets account for…(read more)

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