By most estimates, mortgage rates were expected to climb this year, with rates on the 30-year fixed-rate mortgage predicted to exceed 5%. Instead, rates are now lower than they were this time in 2013 — much to the advantage of mortgage shoppers. 539 more words
Tags » Home Loan
Purchase Mortgages Dominate
With current mortgage rates low, purchase loans outnumber refinance ones.
In September, for the 15th straight month, U.S. lenders closed more loans for home buyers than for existing homeowners looking to refinance. 596 more words
There are 6 common misconceptions about the FHA mortgage. Don’t let these falsehoods stand between you and a loan approval. Plus, with FHA mortgage rates at their lowest levels since June 2013, getting an FHA loan is extremely cheap right now. 1,018 more words