First Time Home Buyers
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"Mortgage Rates"
In the home buying process, the timing of a mortgage rate lock has a direct impact on your total home ownership costs. On a $200,000 loan with a normal 30 year amortization, the difference of just 0.25% will mean roughly a $5,000 in total interest costs over 10 years.
Continue Reading →Want a lower mortgage rate on your upcoming home buy? Think about moving up the closing date.
Continue Reading →Mortgage rates are always a little jumpy near the holidays and this week doesn’t look to be any exception.
Continue Reading →Mortgage rates would have been volatile this week. The presence of Labor Day just piles on. If you have a chance to lock something favorable and within your budget, consider doing it.
Continue Reading →We’re going to have some fun today. It’s a San Diego v. Chicago home mortgage throwdown and we’re going to evaluate who is getting a better deal on these lowest mortgage rates ever.
Continue Reading →Mortgage rates are (again) at their lowest levels in history.
Continue Reading →Mortgage rates keep pushing on these historical low levels, but not everyone is qualifying for the headline rate from Freddie Mac of “4.57 percent with an average 0.7 point.”
Continue Reading →Somewhat surprisingly, the national average for closing costs is going higher while mortgage rate averages are going lower.
Continue Reading →Shopping for mortgage rates takes more than good research skills. It takes a little bit of luck, too.
Continue Reading →The 5/1 ARM is pulling away from the 30 Year Fixed. This is a big change in loan options versus a year ago. The 30 Year Fixed v. 5/1 ARM comparison this time last year was $0 difference.
Continue Reading →