Mortgage News and Rate Updates
Rent to Own Mortgage: How to Transform Rent Payments into a Mortgage
Why pay rent toward someone else’s mortgage when you could put that cash toward your own? That’s exactly the thought behind renting to own agreements, which let you rent a property, apply a portion of your rent costs toward the mortgage…
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Tips for First-Time Sellers
There are plenty of tips to be found for first time homebuyers, but what about for tips first time home sellers? In an effort to bridge the information gap, we’ve provided five tips for first time home sellers below. Read…
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What to Know If You Get Married—And Already Own a House
It’s one thing if you get married and then buy a home. But what happens if you do the opposite, and buy a home before tying the knot? Do you need to put your new wife or husband on the…
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How Much Mortgage Can You Afford If You’re Self-Employed?
Estimating how much of a mortgage you might qualify for is a relatively easy process with online mortgage affordability calculators. You simply plug in your income and debt obligations and, poof, the calculator will spit out an estimate of how…
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The Repercussions of a Mortgage Not Closing on Time
You’ve worked hard for years, saved up the down payment, and have finally found your perfect dream home. And now that you have your offer accepted and are in escrow, you’re ready to sign on the dotted line and close…
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Mortgage Rates Exceed 4% for the First Time in Three Years
Mortgage rates rose again this week, climbing over 4% for the first time since May 2019. The average 30-year, fixed-rate mortgage is 4.16%, according to the latest numbers from Freddie Mac. Sam Khater, Freddie Mac’s Chief Economist, says that rates…
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Mortgage Rates Jump, But Purchase Loan Demand Still Rises
Mortgage rates increased this week, hitting 3.10% on the average 30-year loan. That’s up from 2.98% a week prior. Despite the increase, purchase loan activity increased 2% over last week, according to the Mortgage Bankers Association. “Purchase applications increased for…
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Mortgage Rates, Applications Jump Thanks to Economic Optimism
Mortgage applications recovered slightly from last week, inching up 0.5% compared to the week prior, according to the Mortgage Bankers Association. Purchase loans increased by 2%, while refinance loans rose just 0.1%. The news is a little surprising given the…
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Mortgage Rates Slide, Applications Jump
Mortgage activity ended its recent slump last week. According to the latest data from the Mortgage Bankers Association, applications were up 8% over the week prior. The bump comes after two weeks of declining loan activity and was largely due…
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Buying or Refinancing in 2021? Use These Tips to Keep Your Credit Score Healthy
If you’re considering buying a home or refinancing your mortgage in the new year, then the desire to keep your credit score healthy should be top of mind. Not only will your credit play a prime role in your ability…
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