Tag: Mortgage Rates
What Happened To The HARP Refinance Program 3.0?
Not long after the introduction of the Home Affordable Refinance Program 2.0, the Obama Administration announced plans of a HARP 3.0. So, when is the newer version of HARP 2.0 going to be released? Unfortunately, the discussion of a HARP 3.0 seem to have fallen short with no plans in the making. The Home Affordable […]
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 […]
30-Year Mortgage Rates at 4.19% and No Money Down for VA Purchase Loans
According to Freddie Mac’s weekly mortgage rate survey, 30-year mortgage rates are currently as low as 4.19%, making VA purchase home loans even more appealing with no money down for today’s veterans and active-duty military members. Though many borrowers may not be able to qualify since it is specifically offered only to active-duty military members […]
Low Mortgage Rates Adding to Purchase Loans
Purchase home loans are increasingly high today, exceeding that of refinance loans. Mortgage rates are lower than they have been the past year and U.S. lenders are seeing more interest in purchasing rather than refinance, as much as two-thirds for the month of June. Ellie Mae Confirms Home Sales Increase Based on Numbers of Loans […]
Credit Clean-Up Tips to Help Obtain Mortgage Approval
As result of a stark increase in mortgage interest rates and fees, it has become essential to have the highest credit score possible when applying for financing. Any score below 740 (as set forth by Fannie Mae guidelines) carries far greater risk, and prospective borrowers will pay higher interest rates and fees. With a credit […]
When Do Adjustable Rate Mortgages Make Sense?
All your friends and family have told you to stick with a fixed rate mortgage loan, but you are considering an adjustable type. Adjustable rate mortgages, or ARMs, are loans with an interest rate that changes periodically, typically each year. Although this prospective change in payment amount seems taunting, there are certain situations where ARMs […]
