Without a doubt, the most common comparison between loans for first time home buyers is the FHA vs. Conventional calculation.
We’re in an interesting market right now where the FHA loan has been generally about .25% less expensive in terms of mortgage rate.
The most recent Freddie Mac survey was released on January 27th. The 30 Year Fixed was at 4.74% versus 4.98% one year ago.
The most common program for first time home buyers is the 30 Year Fixed. Compared to one year ago, that same [...]
Continue Reading →We’ve had an odd couple of months with interest rates. We’ve had widespread changes in FHA mortgage insurance, mortgage rates themselves keep changing, and we have a new set of loan-level price adjustments coming down in the [...]
Continue Reading →All Fannie Mae applications taken on, or after, December 13, 2010, are subject to the changes.
Are home loan approvals getting easier or more difficult? Well, both.
Continue Reading →table { border-collapse:collapse; border:0; } .post img, .post a img {background:none;border:0px solid #ff0000;} .inputbutton { text-align:center;} #contentleft ul li {margin:0px;} Compare Common Loans for First Time Home Buyers Common Comparisons 30 Yr. [...]
Continue Reading →Compare Common Loans for First Time Home Buyers
This calculator allows for the comparison of two loans over a period of time. It accounts for the trade-offs between mortgage rate and closing costs.
FHA MIP will change from time to time, but [...]
Continue Reading →We’re now in a 10-day mortgage rate rally that started on April 5th and could not have been better timed for first time home buyers.
Continue Reading →First time home buyer loans dodged a bullet last week. Rates jumped in that last week of March and the concern was that they could push higher.
Continue Reading →Mortgage rates for most loans for first time home buyers improved on Tuesday following the release of the Fed minutes.
Continue Reading →Mortgage rates improved on almost all loans for first time home buyers last week.
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