What are today's mortgage and mortgage refinance rates? The following rates are current as of January 16, 2025, according to national averages collected byBankrate. While these are averages based on national data, actual rates that you can qualify for may vary depending on your location, credi...
Mortgage Rates are simply the interest rates applied to the principal balance, but there is an important distinction. What most people refer to as “mortgage rates” are actually only part of the equation. The more accurate term would be “note rates.” This refers to the interest rate on ...
Apparently, mortgage rates aren’t controlled by the Fed. All the things that I thought might control mortgage rates (10-Year Treasury Noterates, theFederal Funds Rate, theDiscount Rate, etc) actually have no impact on mortgage rates. Mortgage rates are specifically correlated to mortgage backed ...
In this article, we break down what the current average mortgage rates are in the UK and explain what's happening in the mortgage market.
Will rates stay high for the foreseeable future? There's no way to tell for sure, but there are ways to get around them if they do. Find out what today's mortgage rates are here. What to do if mortgage interest rates stay high ...
Mortgage brokers can help you get various types of loans, including fixed-rate,adjustable-rate,FHA,VAandjumbo loans. They match you with lenders that offer products suited to your needs. AboutZachary Romeo, CBCA Zachary Romeo is a certified Commercial Banking and Credit Analyst (CBCA), and th...
Some upfront costs associated with a mortgage are considered “prepaid finance charges” in that they are only paid in order to obtain the mortgage and NOT tied to a tangible service.EXAMPLE: Homeowners insurance is a tangible product that could (and should!) be paid for regardless of the ...
Click here for today’s ARM rates (Jan 7th, 2025) Refinancing an ARM An ARM can be refinanced to a fixed-rate mortgage at any time. That offers a nice safety cushion for buyers who decide they’d like to stay in their home longer than they originally planned. ...
Adjustable-rate mortgages (ARMs) can save borrowers a lot of money in interest rates over the short to medium term. But if you are holding one when it’s time for the interest rate to reset, you may face a much higher monthly mortgage bill. That’s fine if you can afford it, but ...
Why Is an Adjustable-Rate Mortgage a Bad Idea? Adjustable-rate mortgages aren’t for everyone. Yes, their favorable introductory rates are appealing, and an ARM could help you to get a larger loan for a home. However, it’s hard to budget when payments can fluctuate wildly, and you could...