Mortgage Rates
FHA Offers Lower Mortgage Insurance Premiums To New Borrowers In 2015
New FHA mortgage borrowers in 2015 will be offer a reduced Mortgage Insurance Premium (MIP). This is the first time that the Federal Housing Administration (FHA) has reduced its MIP for its borrowers since 2001. It has been a long time coming for many interested home buyers and millennials who have been hesitant on committing […]
Conforming Loan Limits Released For 2015
Conforming loan limits for 2015 was released by the Federal Housing Finance Agency (FHFA) with little alterations. This is including (Federal Housing Administration) FHA home loans. Conforming loans are backed by the federal government and then sold to the secondary market as mortgage-backed securities. Loan limits are considered the maximum loan amount that the federal […]
Housing Market Predictions For 2015

In a thriving economy, we know what this may mean for mortgage rates. In November, we saw mortgage rates moving slower than ever, inching closer and closer to 4 percent. November ended with 3.97% and as we moved into December, rates remained steady in the 4 percent range. This is no surprise for many housing […]
Conventional Interest Rates More Stable Than Its Home Prices

According to the Federal Housing Finance Agency (FHFA), mortgage interest rates during the month of October showed a 5 basis point increase for existing homes. Mortgage Interest rates newly built homes with a Conventional purchase loan on the other hand remains unaffected. The average effective rate for new home loans actually has been stable since […]
VA Mortgage Interest Rates Leading Today’s Low

The momentum of a mortgage purchase is growing on eligible first-time home buyers and current homeowners who are searching for a 30-year and 15-year rates or looking to refinance their existing mortgage rates. VA mortgage interest rates are steadily dropping even lower according to Ellie Mae. Today’s mortgage interest rates are making FHA and VA […]
Low Rates Boosting Purchase Home Sales

Mortgage Home Base reports on low mortgage rates and the sudden increase on mortgage approvals in the purchase market. The boom of the refinance market may be coming to an end in 2014 after all. According to Freddie Mac’s 2014 second quarter refinance observations, the share of refinance borrowers has fell below 50 percent for […]
Mortgage Rate Highs Are Back

Mortgage Home Base reports on the comeback of high rates, but are they here to stay? The highest it’s been since April 2014, the movement due to momentum could very well be what is to blame for this unexpected increase of as much as 25 basis points. Just a week ago, word spread that the […]
New FICO Credit Scoring System Offering Consumers Lower Mortgage Rates
A change that many consumers have been waiting for has arrived, FICO scores are changing, giving a boost in consumer credit scores. This change may result in lower mortgage rates as well, giving more borrowers a chance at homeownership. What is FICO? FICO, a credit scoring system established by Fair Isaac Corporation is often used […]
Save More By Owning A Home
Since the economy is picking up speed for the better, many renters have seen their monthly rent increase as well. Based on the nation’s housing market, homeowners are saving more on a monthly basis than renters, Mortgage Home Base is ready to guide first-time homebuyers in the right direction. Eligibility requirements for a mortgage has […]