Mortgage and refinance rates today, Feb. 11, 2022
Today’s mortgage and refinance rates Average mortgage rates rose sharply yesterday. Ten days in, and February is already looking like a nightmare for those rates. So far this morning, markets
Today’s mortgage and refinance rates Average mortgage rates rose sharply yesterday. Ten days in, and February is already looking like a nightmare for those rates. So far this morning, markets
An Iowa first-time home buyer can find lots of help. That might include a special mortgage, education courses, or down payment assistance.
If you’re a Washington D.C. first-time home buyer, you face high home prices. But you may find help, including down payment assistance.
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday, though only by the smallest measurable amount. But it was disappointing because a fall had seemed more likely for
The Federal Housing Finance Agency updated its Covid lending guidance for self-employed home buyers. See the latest requirements.
Today’s mortgage and refinance rates Average mortgage rates edged higher yet again yesterday. Unlike those we saw last week, this week’s increases have so far been negligible. Read on to
As a Maine first-time home buyer, you could be in line for a special mortgage, home buyer education, and potentially down payment assistance.
Timing your mortgage refinance correctly can lead to big savings. Here’s how to choose the best day to close on a refinance.
Today’s mortgage and refinance rates Average mortgage rates just edged higher yesterday. That was a relief after much sharper increases last Thursday and Friday. Yes, we’re looking at the highest
Today’s mortgage and refinance rates Average mortgage rates nudged higher yesterday. But something odd happened that day. Markets were spooked by the prospect of an imminent Russian invasion of Ukraine.
Mortgage rates vary widely by credit score. So what does your score get you? And what can you do to qualify for a lower rate?
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. But only by the smallest measurable amount. And, unfortunately, they were still higher than they were one week earlier.
Learn how to refinance your mortgage with this simple, step-by-step guide.
Today’s mortgage and refinance rates Average mortgage rates edged a little lower again last Friday. But they rose a bit over the whole of that week. And they remain close
Are you ready to start the process of buying a house? Here’s the first step you need to take.
Today’s mortgage and refinance rates Average mortgage rates edged a little lower yesterday. But they closed on Friday evening just a tiny bit higher than they did seven days earlier.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. But only by a bit. And they remain close to their two-year high. Earlier today it was looking as
Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday, setting a new two-year high. And it was all a result of that afternoon’s Federal Reserve event. Soon after
Today’s mortgage and refinance rates Average mortgage rates just inched lower yesterday. But the fall was so tiny that many lenders won’t have changed their rate cards but might instead
With the Federal Reserve adjusting its monetary policies to combat inflation, interest rates should continue to grow in 2022.
A VA loan refinance can help you reduce your monthly payment or take cash out. Discover the pros and cons of your options.
Learn about the upfront costs of buying a home so you know exactly what you need to save for as a first-time home buyer.
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. Another fall had seemed likely but some markets whiplashed yesterday, meaning they changed direction sharply. First thing this morning,
Today’s mortgage and refinance rates Average mortgage rates edged lower again last Friday. That week’s falls have been welcome. But they don’t even restore rates to their level the previous
If you itemize your taxes you can make mortgage tax deductions. But what’s deductible and what isn’t? Here’s our helpful guide.
Today’s mortgage and refinance rates Average mortgage rates fell a little yesterday. The end of this week was kinder than the start. But mortgage rates still closed on Friday a
Believe it or not, you can negotiate mortgage rates. But you have to know how to work the lending system. Learn how to negotiate your mortgage rate here.
Today’s mortgage and refinance rates Average mortgage rates fell modestly yesterday. Of course, such a small fall was barely noticeable after the sharp rises we’ve been seeing over the last
Explore benefits of the FHA loan for first-time home buyers, including low down payments and flexible loan requirements.
Today’s mortgage and refinance rates Average mortgage rates rose moderately yesterday. Just over a year ago, these rates hit their all-time low: 2.65%. But now they’re mostly closer to 4%
Are you sure you’re getting the lowest VA mortgage rates possible? Don’t risk paying too much. Instead, read this guide for pro tips.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday but only by the smallest measurable amount. Of course, those rates are high by recent standards. But they remain
Is it cheaper to build or buy a house? Endless variables can change the answer. But this article can help you weigh the costs and benefits of both options.
Today’s mortgage and refinance rates Average mortgage rates rose appreciably on Friday, returning them to their two-year high. But remember, these rates remain incredibly low by historical standards. Unfortunately, first
First-time home buyer government programs include special loan options, down payment assistance, and homebuyer education. Learn more here.
Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday. The terrible start to 2022 has continued, despite a couple of worthwhile falls. And those rates are back up
Learn how to calculate your Debt-to-Income (DTI). See which mortgage programs and mortgage rates may be available to you.
Today’s mortgage and refinance rates Average mortgage rates moved moderately higher yesterday after two days of falls. They haven’t yet reached their recent high, but they’re not far off. However,
Today’s mortgage and refinance rates Average mortgage rates moved lower yesterday by a worthwhile amount. But they’re still a long way off regaining the ground they’ve lost so far this
Refinancing your mortgage before retirement has its benefits, but it may not make sense for everyone. Learn if you should refinance before retirement.
Does refinancing affect taxes? It might. But not necessarily in the ways you think. Here’s what you should know.
The rate of home price growth surged to never-before-seen heights in 2021. That should drop in 2022 but by how much?
Today’s mortgage and refinance rates Average mortgage rates moved moderately lower yesterday. Although the news was obviously welcome, it barely made a dent in the large rises we’ve been seeing
Learn how to get a mortgage, choose a lender, and find the best deal on your home loan in this episode of The Mortgage Reports Podcast.
Today’s mortgage and refinance rates Average mortgage rates rose sharply yesterday. When they started that morning, a modest rise had looked likely. There may be better news in store. Mortgage
The Fed could rates interest sooner than expected in 2022. Here’s what it means for your mortgage rate if you hope to buy or refinance.
With home prices up and inventory down, buying a house in 2022 can take some creativity. Here’s what the experts say you should do.
Today’s mortgage and refinance rates Average mortgage rates nudged higher again yesterday. It’s been a dreadful start to 2022 for those who haven’t locked their rates yet. There have been
Many home buyers wonder if they can get approved for a mortgage. Learn what lenders are looking for and how to increases your chances of mortgage approval.
Today’s mortgage and refinance rates Apologies for the late publication of today’s mortgage rates report, which was down to a technical issue. Average mortgage rates climbed quite sharply yesterday. Overall,
Mortgage points affect the interest rate you get when you finance a home. When is it smart to buy mortgage points, and when should you avoid them?
Home prices are on the rise in 2022. But you may still find affordable houses in these states and cities.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. Phew! That was the first fall in 10 calendar days and felt overdue. Today’s rates may feel high. But
An Oregon first-time home buyer can access loads of support and assistance — often including cash help with their down payment.
Today’s mortgage and refinance rates Average mortgage rates edged higher again yesterday. But that may have been lenders catching up with rises that they failed to implement last Friday. This
Michigan first-time home buyers have plenty of options, from low-down-payment loans to home buyer grants and other assistance.
Today’s mortgage and refinance rates Bond markets were closed yesterday. But average mortgage rates edged higher last Friday. And that means that they were at their highest since the spring.
Freddie Mac’s HomeOne loan can help first-time home buyers qualify with a low down payment and flexible requirements. Find out if HomeOne is right for you.
In can be harder to get a VA loan offer accepted in a competitive market. Learn why some sellers don’t like VA loans and how to improve your chances.
Today’s mortgage and refinance rates Average mortgage rates only edged a bit higher yesterday. But that was enough to take them to their highest level since April. The good news
Today’s mortgage and refinance rates Average mortgage rates edged higher yesterday. That means we haven’t seen a fall since Monday. Still, these rates remain extraordinarily low by historical standards. This
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday, dodging the bullet of another rise, which had looked likely early that day. These rates may currently feel high
Today’s mortgage and refinance rates Average mortgage rates rose yesterday. Although we’ve seen some falls recently, those rates are significantly higher than they were in mid-September. And, overall, they’ve had
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. That was a pleasant surprise. Because it had looked likely that they’d rise earlier that day. This morning, markets
The 2021 housing market has been tough. But is it still a bad time to buy a house? Fall markets are typically better, and 2021 should be no exception.
A lower monthly mortgage payment can free up your budget and save you thousands long-term. Here are 9 ways to lower your mortgage payments now.
Today’s mortgage and refinance rates Average mortgage rates fell again last Friday. But we’re only back to rises and falls more or less canceling each other out. And it’s too
A new bill in Congress aims to provide a hugely valuable boost to low-income first-time homebuyers. Find out if you might benefit.
Today’s mortgage and refinance rates Average mortgage rates fell again yesterday. That’s great news. But it’s much too soon to treat recent decreases as a trend. It’s possible they’ll turn
It’s tough to buy a house with low income or poor credit. A co-borrower can help. Learn when to consider buying with a co-borrower and what to expect.
Today’s mortgage and refinance rates Average mortgage rates edged lower again yesterday as key infrastructure legislation stalled in Congress. These rates remain extraordinarily low by almost every historical standard. But
Finding the best cash-out refinance rate can maximize the vale you get from your home equity. See which lenders have the lowest cash-out rates and fees.
30-Year mortgage rates just passed 3% for the first time since June. And with big changes driven by the Fed, higher rates could be here to stay this time.
Today’s mortgage and refinance rates Average mortgage rates did fall yesterday. But only by the smallest measurable amount. Of course, these rates remain incredibly low by historical standards. But they’re
Today’s mortgage and refinance rates Average mortgage rates rose yet again yesterday. But it was a modest rise and nothing like as damaging as appeared possible first thing that morning.
First-time home buyers in Ohio can access plenty of help, from special loan programs to cash assistance with their down payments. Learn more here.
Today’s mortgage and refinance rates Average mortgage rates rose yet again yesterday. But only by the smallest measurable amount. Hopes that yesterday’s tiny fall represented an end to recent rises
Today’s mortgage and refinance rates Average mortgage rates rose again last Friday. But, luckily, the increase was much more moderate than the one on the previous day. These rates remain
Maryland first-time home buyers can use a wide variety of loan programs and grants to help them purchase a home. Learn about your options here.
Refinancing can be a great way to pay for home improvements, whether you use a cash-out refi or a renovation refinance loan. Explore your options here.
Today’s mortgage and refinance rates Average mortgage rates rose yet again yesterday. Thank heavens the rise was much less sharp than Thursday’s. Still, those rates on Friday evening were roughly
Today’s mortgage and refinance rates Average mortgage rates rose significantly yesterday. It may have been a delayed reaction to the Federal Reserve’s events on Wednesday. But other factors might have
It may be possible to refinance without an appraisal, but only if you meet certain requirements. Learn about appraisal waivers and no-appraisal refinancing.
Following a Fed meeting on Sept. 22, it looks highly likely that mortgage rates will rise soon — potentially as early as October or November.
Today’s mortgage and refinance rates Average mortgage rates just inched higher yesterday. So we dodged a bullet as the Federal Reserve decided yesterday to kick its can just a little
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. It’s as if key markets are holding their breath as they await the Federal Reserve’s crucial statement (2 p.m.
When you want to pull cash from your home, you’ll need to decide between a home equity loan vs. mortgage. Here’s how to choose wisely.
There’s plenty you’ll want to know as a first-time home buyer. Here are 10 of the best tips from mortgage advisor Ivan Simental to help you get started.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. It was a welcome relief after much bigger rises at the end of last week. But, of course, current
Today’s mortgage and refinance rates Average mortgage rates rose appreciably last Friday. I wasn’t expecting that. And I explored the likely reasons In last Saturday’s weekend edition of this column.
Here are four good reasons to refinance now, according to mortgage expert Arjun Dhingra. Find out if a refinance is the right move for you.
Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday. That was unexpected. So read on to discover what happened. Next week brings a potentially pivotal event for mortgage
Today’s mortgage and refinance rates Average mortgage rates nudged higher yesterday. It wasn’t a big jump. But it very nearly wiped out recent falls. Still, these rates remain uberlow. First
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. So they remain extraordinarily low. It’s looking as if mortgage rates today may nudge upward. This morning’s retail sales
Investment property and second home loans should be getting cheaper, as the FHFA has paused a rule that was increasing rates and fees.
Cash-out refinance rules in Texas are a little different from the rest of the country. Learn about current Texas cash-out refi requirements and guidelines.
If you’re buying a new construction home, the builder may have a preferred mortgage lender. Should you work with this company? Here are the pros and cons.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. And the last time they rose was a week earlier. All this is fantastic news, given how low these
Here are 7 things you should never do before buying a house. Follow these best practices to give yourself the best shot at mortgage approval and a low rate.
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. So they remain close to the all-time low. Judging from early activity in markets, mortgage rates today may ease
Today’s mortgage and refinance rates Average mortgage rates inched lower again last Friday. But, with rises almost canceling out falls, the week ended very close to where it started. Still,
Learn all you need to know about jumbo vs. conventional loans. Explore interest rates, requirements, and who should use which loan type.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. But they’ve barely moved over the week as rises and falls continue to all but cancel each other out.
Today’s mortgage and refinance rates Average mortgage rates inched lower again yesterday. So they show little sign of moving out of the narrow range within which they’ve been drifting without
If you’re a Georgia first-time buyer, you’re in luck. The state offers loads of help — perhaps including cash assistance with your down payment.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. Phew! That drop came after five straight business days without a fall. But, even so, those rates never strayed
Minnesota first-time home buyers have access to resources, special mortgage programs, and even grants or loan to help them buy a home.
Today’s mortgage and refinance rates Average mortgage rates edged higher again yesterday. And it’s been more than a week since they fell. But don’t panic. They’re still extraordinarily low. And,
The Freddie Mac Home Possible mortgage is a low-down-payment loan program meant to help low-income families buy or refinance a home.
Today’s mortgage and refinance rates Average mortgage rates edged higher last Friday. But, overall, those rates barely moved last week. Unfortunately, early movements in markets this morning suggest mortgage rates
There are a few downsides to refinancing. But if you can lower your rate, payment, and overall cost, refinancing is often worth it. Learn more here.
Today’s mortgage and refinance rates Average mortgage rates rose yesterday — and over the week. However, the changes have been tiny, with rises and falls continuing to very nearly cancel
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. But the increase was so small that many lenders won’t have changed their rates, and will instead have increased
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. But only by the smallest measurable amount. So they remain uberlow. This morning, Freddie Mac revealed that these rates
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. So they remain exceptionally low. It’s looking likely that mortgage rates today will remain unchanged or edge upward. The
How does inflation affect investments — and in particular, real estate? Learn about housing and inflation, and whether it makes sense to buy right now.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. And they remain exceptionally low while drifting within the tight range that has been around for a few weeks
Many U.S. homeowners are equity-rich. As home values rise, so do equity levels. Learn about the 4 best ways to use home equity.
Are there home loans for nurses? You bet! Indeed there aren’t just special home loans for nurses, there are even grants to help you buy a home.
Today’s mortgage and refinance rates Average mortgage rates nudged down last Friday. But, overall, there was no change over the week. And recent daily movements have generally canceled each other
Today’s mortgage and refinance rates Average mortgage rates nudged lower yesterday. But the week’s rises and falls have canceled each other out. And Friday evening’s average rate was precisely the
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. Once again, they changed direction during the day. Mortgage rates today are unpredictable. That’s less of a cop-out than
Shopping for a mortgage can easily save you hundreds or thousands. Learn how to shop for a mortgage and effectively compare quotes and interest rates.
Today’s mortgage and refinance rates Average mortgage rates nudged higher yesterday. And they’re now near the top of the narrow change within which they’ve been moving for a month or
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday, effectively canceling out Monday’s equally tiny rise. So those rates remain becalmed for the time being. And that’s a
Today’s mortgage and refinance rates Average mortgage rates moved higher yesterday. But only by the smallest measurable amount. So they remain exceptionally low. And mortgage rates today look likely to
Review of North American Savings Bank mortgages showing how NASB compares to other top lenders for mortgage rates, loan options, and service.
American homeowners have never before had so much home equity. But how do you take equity out of your home? And should you? Learn more here.
Massachusetts first-time home buyers can take advantage of special loan programs and even home buying grants, in some cases. Learn more here.
Discover loan programs, grants, and home buying help for North Carolina first-time home buyers. Buying a home in NC may be easier than you think.
Today’s mortgage and refinance rates Average mortgage rates held steady last Friday. And they ended the week just a shade lower than they started it. So they remain near their
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. And the same goes for the week, too. They fell by an almost imperceptible amount over those five business
Today’s mortgage and refinance rates Average mortgage rates fell yesterday, wiping out Wednesday’s rise. And they begin this morning just a shade lower than they were at the same time
Today’s mortgage and refinance rates Average mortgage rates nudged higher yesterday. Since the start of August, on business days, we’ve had six falls and six rises, plus one no-movement day,
Should you refinance or pay extra? That depends on your current mortgage and your financial goals. Explore the pros and cons of both options.
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. They’re still higher than they were at the start of the month. But recent falls have taken the edge
Today’s mortgage and refinance rates Average mortgage rates edged lower yet again yesterday. So they’re heading the right way. However, recent falls have been smaller than recent rises. So there’s
Wyndham Capital mortgage review showing how Wyndham Capital compares to other top lenders for mortgage rates, customer service, and loan options.
What’s better, a 15-year or 30-year mortgage loan? Explore the pros and cons of 15 vs. 30-year mortgages and compare rates and costs.
Today’s mortgage and refinance rates Average mortgage rates inched lower last Friday. But, in spite of that making three consecutive days of falls, those rates were higher on Friday evening
You typically need a two-year job history to buy a house. But there are exceptions to that rule. Learn how to buy a house without a two-year job history.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. Although that makes three consecutive business days of falls, the week ends with those rates higher. Because Monday and
Today’s mortgage and refinance rates Average mortgage rates just inched lower yesterday. But the drop was even smaller than Wednesday’s. And they barely made a dent in recent increases. Still,
Your mortgage lender might pull up a lower credit score than you thought you had. Here’s why, and how to check the right credit score before you apply.
A new rule from Fannie Mae will help renters buy homes. If you have little or no credit history, rent payments can now help you qualify for a mortgage.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. That was a welcome relief after five straight business days of rises. Early movements in markets this morning suggest
Today’s mortgage and refinance rates Average mortgage rates moved higher again yesterday. Each recent rise has been moderate or modest. But they’re beginning to add up. Still, those rates remain
Down payment assistance can help put you in a home if you’re short on cash savings. Learn about 4 kinds of down payment assistance and how they work.
Today’s mortgage and refinance rates Average mortgage rates moved higher again yesterday. Let’s not get carried away yet. They’re still extraordinarily low. And you have to go back only to
The VA Streamline Refinance (IRRRL) can be a fast and easy way to lower your VA mortgage rate and payment. But when is refinancing worth it?
First-time home buyers in Pennsylvania have access to special loan programs, grants, and resources that can help ease the home buying process. Learn more.
First-time home buyers in Virginia have access to special loan programs, grants, and resources that can help ease the home buying process. Learn more here.
Today’s mortgage and refinance rates Average mortgage rates rose appreciably last Friday. It was the end of a bad week for mortgage rates. But they remain extraordinarily low by any
Today’s mortgage and refinance rates Average mortgage rates rose yesterday. And, after three consecutive business days of rises, they’re back up to a level last seen on July 20. That’s
Today’s mortgage and refinance rates Average mortgage rates rose again yesterday. And they begin this Friday only a little lower than they did this time last week. This morning’s excellent
Today’s mortgage and refinance rates Average mortgage rates unexpectedly edged higher yesterday. Read on to discover how a speech by a senior Federal Reserve figure managed to turn markets around.
The best mortgage lenders for first-time buyers offer helpful guidance, flexible loan programs, and great customer service. Explore your options here.
Newrez mortgage review showing how Newrez compares to other top lenders for mortgage rates, loan options, and customer service reviews.
Today’s mortgage and refinance rates Average mortgage rates edged yet lower yesterday. I wouldn’t have believed it possible, but just a day or two of further falls could see them
loanDepot mortgage review showing how the company compares to other top lenders for mortgage rates, customer service, and loan options.
Today’s mortgage and refinance rates Average mortgage rates nudged down again yesterday. And they’re now within touching distance of the all-time low. First thing this morning, it was looking as
Cash-out refinance rates are a little higher than standard refi rates. But savvy shoppers can still find a great deal. Learn about cash-out refi rates here.
Today’s mortgage and refinance rates Average mortgage rates edged down last Friday. So they start August at their lowest point for several months. And are tantalizingly close to their all-time
The NACA program is a special mortgage with no down payment or closing costs. But only certain home buyers qualify with NACA. Learn more here.
Today’s mortgage and refinance rates Average mortgage rates edged downward yesterday. And the mostly slow drift toward lower rates continues. Mortgage rates may well continue to drift lower next week.
You may be able to buy a home on $50,000 a year with today’s low interest rates and special mortgage programs. Learn more here.
Learn how to become a landlord in 7 steps; from buying a rental property to managing and maintaining your home(s). Here’s all you need to know.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. We’ve been having these tiny ups and downs all week. And they really make very little difference. Early movements
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. But such a tiny rise is likely to make little material difference to your monthly payment or closing costs.
Zillow Home Loans review showing how Zillow compares to other top lenders for mortgage rates, loan options, and customer service.
Today’s mortgage and refinance rates Yet again, average mortgage rates inched lower yesterday. And the cumulative effect of all the falls since the middle of the month has been more
Today’s mortgage and refinance rates Average mortgage rates inched lower again yesterday. It was the smallest measurable fall. But it set a new recent low. And brought this morning’s rates
You don’t need 20 percent down to buy a house. And even if you have the cash, putting 20 down might not be the best move. Explore your options here.
A new mortgage relief plan from President Biden will reduce mortgage payments by 20 to 25 percent for eligible borrowers. Learn about relief options here.
Should you pay discount points for a lower mortgage rate? The savings can be huge. But discount points aren’t right for everyone. Learn more here.
Today’s mortgage and refinance rates Average mortgage rates inched lower last Friday. So these rates are now back down to their lowest level in several months. And are tantalizingly close
Today’s mortgage and refinance rates Average mortgage rates fell again yesterday. But only by the smallest measurable amount. Those rates would likely have risen this week were it not for
Today’s mortgage and refinance rates Average mortgage rates fell yesterday. At least this time we have a pretty good idea why. It was probably that morning’s disappointing weekly unemployment data.
Learn how to qualify for a mortgage with self-employed, seasonal or freelance income. There are no tax documents required for this mortgage program.
Today’s mortgage and refinance rates Average mortgage rates edged higher yesterday. But, of course, they remain very close indeed to their lowest levels in history (or, rather, since the 1970s
Learn how to make a cash offer on a house and improve your chances in a bidding war. Today, there are even cash offer options for buyers without cash.
Today’s mortgage and refinance rates Average mortgage rates just edged a little lower yesterday. Still, they set a new recent low and inched closer to the all-time low. But it’s
A mortgage letter of explanation may be required if there are red flags on your application. Here’s a simple guide to writing a letter of explanation.
Today’s mortgage and refinance rates Average mortgage rates fell appreciably yesterday. That’s four consecutive business days of falls. And they’re now exceptionally low; not a million miles from their all-time
Today’s mortgage and refinance rates Average mortgage rates fell by a worthwhile amount on Friday. That was a surprise. Because market activity first thing that morning suggested a modest rise.
The Adverse Market Refinance Fee made it more expensive to refinance over the last year. Now, that fee has been removed. Learn more here.
Today’s mortgage and refinance rates Average mortgage rates unexpectedly fell yesterday. And by a worthwhile amount. They’re still a way off their all-time low, set in January. But they’re inching
How soon can you refinance? Most homeowners have no waiting period, or only have to wait six months after buying or refinancing. Learn more here.
Down payment assistance is widely available, but many who qualify don’t even know about it. Find out if you qualify for home buying help.
Today’s mortgage and refinance rates Average mortgage rates fell moderately yesterday, taking them close to their lowest point over the last month. And, indeed, within sight of their all-time low.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. And they’re now appreciably lower than they have been on most days over the last month. Mortgage rates today
Teacher mortgage programs can offer savings on your down payment and closing costs. But are teacher home loans a better deal than ‘standard’ mortgages?
Buying a house with bad credit can be challenging — but it’s not impossible. Here are a few expert tips to successfully get a mortgage with lower credit.
Today’s mortgage and refinance rates Average mortgage rates edged higher again yesterday. That’s three rises on consecutive business days. And they’re beginning to make a dent in last week’s falls.
Can you unlock a mortgage if interest rates fall after locking in? Learn about your options for getting a lower rate after locking.
Today’s mortgage and refinance rates Average mortgage rates nudged moderately higher yesterday. But they still remain within the lower end of the limited range within which they’ve been moving for
With mortgage rates at historic lows, refinancing is a great way to save money. But what does the refinance process actually look like? Find out here.
If you receive an MI removal notification letter, what should you do? Read this to discover how MI works, and how to remove MIP or PMI from your home loan.
Today’s mortgage and refinance rates Average mortgage rates inched higher last Friday. But that was the first rise in a week. And these rates remain exceptionally low by recent and
Should you buy a home right now? That depends on your budget, location, and financial plans. Learn about the pros and cons of buying a house right now.
Today’s mortgage and refinance rates Average mortgage rates just inched higher yesterday. But that was the first increase this week. And they’re appreciably lower than they were last Friday. So,
Today’s mortgage and refinance rates Average mortgage rates nudged lower yesterday. And they’re now equaling their lowest level in the last month. However, there were signs this morning that this
New Jersey first-time home buyers can access a wealth of resources, loan programs, and even financial assistance. Here’s what home buyers in NJ should know.
Today’s mortgage and refinance rates Average mortgage rates fell appreciably yesterday. They’re still not as low as they were immediately before the mid-June spike. But they’re now very close. It’s
New York first-time home buyers have access to a wide range of advice, loan programs, and down payment assistance grants. Learn more here.
Buying a house with parents or an adult child can be more affordable and more convenient. But the process is a little more complicated. Here’s what to know.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. It was nothing dramatic. But it was welcome nonetheless. Things were looking good for those rates first thing. However,
The best cash-out refinance lenders offer low interest rates, affordable fees, and great service. Learn more about the 8 best cash-out lenders here.
The cost of buying a home is on the rise. But don’t give up. Home buying can still be affordable if you follow these 8 tips to lower your costs.
Today’s mortgage and refinance rates Average mortgage rates edged lower again last Friday, which was a good way to enter the long weekend. But, overall, they’re slowly drifting back down
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. Because markets shrugged off that day’s better-than-expected employment situation report. More on that below. Once again, I’m guessing that
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. So the tiny up-and-down movements continue. This morning’s jobs report turned out better than all but the most optimistic
You used to need a 20% or 30% down payment to get a jumbo mortgage. But today, you can find jumbo loans as low as 5% down and no mortgage insurance.
The unemployment rate in June was 5.9%.
A cash out refinance on a rental property is a great way to get money out of your investment. Especially with refinance rates near all-time lows.
The HIRO program (high-LTV refinance option) lets homeowners refinance into today’s low mortgage rates with little or no equity and easier documentation.
Better Mortgage review showing how Better compares for mortgage rates, home loan products offered, and customer service reviews.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. So July started as June finished: unexcitingly. Just remember: That old saying, “May you live in interesting times,” was
The Biden Administration wants to prevent the world’s largest companies from avoiding taxes by shifting profits abroad.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. But, barring surprises today, June looks set to end with those rates higher than they were at the beginning
Flagstar mortgage review showing how Flagstar Bank compares to other top lenders for mortgage rates, loan options, and customer service.
Today’s mortgage and refinance rates Average mortgage rates were again unchanged yesterday. They really are in the doldrums. But, given what happened last time they got “exciting,” you’re probably happy
A new bill aims to create a zero-down home loan program for teachers, firefighters, police, and other first responders. Here’s what you should know.
Almost $390 billion in relief money has been distributed to Americans since President Biden signed the American Rescue Plan In March.
Today’s mortgage and refinance rates Average mortgage rates were unchanged last Friday. And they ended that week a little lower than they were when they started it. Yet again, mortgage
Caliber review showing how Caliber Home Loans compares to other top mortgage lenders for mortgage rates, customer service, and loan options.
Learn about minimum requirements for a VA home loan. Find out if you qualify based on credit score, income, loan limits, and property requirements.
Today’s mortgage and refinance rates Average mortgage rates were unchanged yesterday. So they’re just a little lower than they were a week ago. But way higher than two weeks ago.
Making an offer on a house can be scary, especially if you want it very badly. Here’s how to make a successful offer, or at least avoid making a bad one.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. Contrary to media reports based on Freddie Mac’s weekly survey, those rates are actually a bit lower than they
At least 12 states have already stopped paying the benefit.
Today’s mortgage and refinance rates Average mortgage rates fell yesterday — and by a worthwhile amount. They’re still a long way above where they were at the start of last
Final approval from the underwriter is a big step, but it’s not the last step. Your lender will conduct a final review and some quality control.
What happens if your home appraisal is lower than the purchase price? Or your refinance appraisal comes in too low? Here are your next steps.
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. That makes three consecutive business days on which they’ve moved by only the smallest measurable amount: up, down and
PrimeLending mortgage review showing how PrimeLending compares to other top lenders for mortgage rates, customer service, and loan options.
A mortgage teaser rate is a low introductory rate that can rise later on. These interest rates offer great deals, but they can be risky. Learn more here.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. And that was enough to wipe out Friday’s equally tiny rise. But nearly all the damage wreaked last week
Today’s mortgage and refinance rates Average mortgage rates just inched higher last Friday. It brought to an end a very bad week for those rates. Global markets have been volatile
Will rates drop again in 2021? Or will they keep going up? We asked 10 experts for their mortgage rate predictions. Here’s what we found.
Payments will hit bank accounts every month between July and December.
Here’s how Wall Street analysts see Washington drama playing out.
Today’s mortgage and refinance rates Average mortgage rates rose yesterday, though only by the smallest measurable amount. Still, that came as a relief after a solid week of rises that
Today’s mortgage and refinance rates Average mortgage rates rose again yesterday and by a surprisingly appreciable amount. By recent standards, those rates are now high. So don’t believe Freddie Mac’s
This podcast covers low- and zero-down first-time home buyer loans. Get advice for home buying and paying closing costs with very little out of pocket.
Learn about current USDA eligibility requirements and income limits to qualify for a zero-down USDA mortgage.
Closing costs can take a big bite out of your savings. But there are closing cost assistance programs to help you cover the fees. Learn more here.
How FHA mortgage insurance premiums work, and how to cancel your monthly MIP. With the right steps, eliminate FHA MIP in 30 days or fewer.
Today’s mortgage and refinance rates Average mortgage rates moved appreciably higher yesterday, as we repeatedly warned was possible. Indeed, over the last three working days, they’ve risen from their lowest
Today’s mortgage and refinance rates Average mortgage rates moved higher yesterday. But the rise was bigger than looked likely first thing. And they’re now well within the narrow range that’s
The central bank’s committee did acknowledge that it expects hikes at the end of 2023, earlier than its previous projections.
An energy efficient mortgage lets you buy or upgrade a green home with energy efficient improvements. Check your EEM options here.
Today’s mortgage and refinance rates Average mortgage rates edged higher yesterday, as expected. But they’re still a lot better than they were this time last week. As of this morning,
The Fed says price spikes are transitory, but not everyone agrees.
California has countless sources of advice, education, and financial help for first-time home buyers. Learn about programs, grants, and loan options.
First-time home buyers in Colorado have access to low- and no-money-down loan programs. Some may even qualify for grants to cover their down payment.
Today’s mortgage and refinance rates Average mortgage rates fell last Friday. And they start this week at their lowest level in more than a month. However, it’s looking like they
More buyers are making cash offers in today’s market. As a home buyer using a mortgage loan, how do you compete? Here are 7 strategies to help you win.
The Mortgage Reports Podcast hosts a range of real estate and home loan experts to help you with every stage of the home buying process. Listen now!
The first advance payment of the credit will hit bank accounts on July 15.
Today’s mortgage and refinance rates Average mortgage rates fell yesterday, a possibility we predicted. But the drop was bigger than expected. And they’re now at their lowest level in more
Guaranteed Rate mortgage review showing how Guaranteed Rate compares to other top lenders for mortgage rates, customer service, and loan options.
Today’s mortgage and refinance rates Average mortgage rates were unchanged yesterday. Many expected a rise following that day’s inflation report. And I was one of them. Markets this morning seem
There are 26 states that will stop paying the federal supplement before it is set to expire on September 6.
More than two-thirds of companies with the highest CEO pay had larger gaps between executive and worker compensation in 2020 than they did before the pandemic.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. But the fall wasn’t as big as looked likely first thing. This morning’s consumer price index was slightly higher
Countless programs offer grants to buy a house. There are grants for first-time and repeat home buyers in every state, and some from mortgage lenders.
Errors on credit reports can result in higher interest rates and loan denials.
The top 25 lenders ranked for the lowest mortgage rates and fees. Plus, tips on how to find the best mortgage rates for your unique situation.
Mobile home refinancing is possible, as long as your home meets certain requirements. Learn how to refinance a manufactured home at today’s rates.
It’s the highest yearly inflation rate since August 2008.
Today’s mortgage and refinance rates Average mortgage rates nudged lower yesterday, as expected. It was in line with the small daily variations we’ve grown used to recently. First thing, there
Using confidential IRS data, ProPublica found that the richest 25 Americans including Jeff Bezos and Warren Buffett often pay very little or no federal income tax.
Today’s mortgage and refinance rates Average mortgage rates held steady for a second consecutive business day yesterday. They’ve been moving within a narrow range for several weeks now. Judging from
Warren Buffett, a vocal advocate of higher income taxes on the rich, paid just 0.1%–a reflection of how little income he realized compared to his wealth.
Supply chain disruptions, especially in the semiconductor industry, have led to production slowdowns.
Stipend income typically doesn’t count as income for a mortgage. But it might still help you qualify. Here’s what to know before you apply.
Today’s mortgage and refinance rates Average mortgage rates held steady last Friday, in spite of the jobs report that some found disappointing. A fall had looked more likely first thing.
If you’re a first-time home buyer in Florida, you stand to get plenty of help — from advice and education to down payment grants and loans. Learn more here.
Advance payments of the newly expanded and fully refundable credit of up to $3,000 per qualifying child will hit bank accounts once a month between July and December.
If you’re a first-time home buyer in Texas, you could be in line for assistance. Find out how to qualify for TX first-time home buyer programs and grants.
Today’s mortgage and refinance rates Average mortgage rates ended up holding steady yesterday. That morning, they’d looked likely to fall as a result of the employment report. But they ended
Today’s mortgage and refinance rates Average mortgage rates edged up yesterday. And that was typical of the gentle seesawing we’ve seen for several weeks now. So far, it’s looking as
Some states are flush with tax revenue and federal aid money.
Experts have said labor shortages will ease in the fall once the benefit expires and children return to school.
The unemployment rate fell to 5.8%, but 9.3 million Americans are still out of work.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. No cause to hang out the flags. But every little bit helps. So far this morning, it’s looking as
The Fannie Mae HomeReady loan helps low-income buyers get into a house with 3% down. Learn about HomeReady income limits, requirements, and interest rates.
The president proposed a tax floor of 15% for some businesses that now pay less, rather than a hike of the corporate rate to 28%, the Washington Post reported.
Home prices are on the rise. How much income do you need to buy a house in today’s market? With good credit and savings, it might be less than you think.
Today’s mortgage and refinance rates Average mortgage rates inched higher again yesterday. But only by the smallest measurable amount. So far this morning, there are signs things might get better.
The bank temporarily waived the fees during the pandemic.
The ecommerce giant spent nearly $34 billion on domestic investment last year, more than double the runners up: Verizon at $16.1 billion and AT&T at $15.6 billion.
Is an ARM loan a good idea right now? If you’re thinking of getting one, you need to learn about the pros and cons of ARM loans in today’s market.
Today’s mortgage and refinance rates Average mortgage rates inched higher last Friday. But they begin this week a little lower than they did last week. Unfortunately, things are looking less
With the pause in repayment of federal student loans due to end Sept. 30th, the issue is very much still alive, even if it’s not baked into the budget.
The President wants to spend trillions to modernize American infrastructure and shore up support for children and families, paid for with tax hikes on corporations and the ultra-wealthy.
Today’s mortgage and refinance rates Average mortgage rates inched a little higher yesterday. But they ended the week just a touch lower than on Monday morning. Mortgage rate movements next
Today’s mortgage and refinance rates Average mortgage rates rose moderately yesterday. But that wiped out only about half the gains made over the preceding days’ falls. So things are still
The White House will release a $6 trillion budget plan amid complaints from the GOP about wasteful spending and ruinous debt, but their guy also added to the national debt big time.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. That makes four consecutive business days of falls: three small ones and a more worthwhile one. Unfortunately, that great
When should you lock a mortgage rate? Ideally, after you’re approved for the loan and found the lender offering your lowest rate.
The $6 trillion budget plan would take spending to the highest level since World War II.
A total of 24 red states have already decided to stop paying the supplement.
Today’s mortgage and refinance rates Average mortgage rates fell further than expected yesterday. We’ll have to wait to see whether this is just one of those blips that are a
Black Americans were more than 4 times more likely than white Americans to say that their race is a barrier to their future job opportunities.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. That’s always welcome news. But it seems to have more to do with directionless drift than an improving outlook.
What is a good mortgage rate? That varies by borrower and lender. Here’s how to find a good mortgage rate for your situation in today’s market.
Moody’s chief economist Mark Zandi says the pressures will be temporary.
Today’s mortgage and refinance rates Average mortgage rates barely moved last Friday. And rates ended the week slightly higher than they started it. So far this morning, it’s looking as
Mortgage requirements are easing up. That’s good news for home buyers. It may be easier to buy with low credit or a low down payment than it was in 2020.
Does refinancing hurt your credit? Done correctly, the effects of refinancing should be tiny. But you need to know how to protect your score.
Today’s mortgage and refinance rates Average mortgage rates barely moved on Friday. And that brought to an end a week in which they’d edged upward. But such a small change
Republicans and the White House met to discuss the new offer on Friday afternoon.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. The trouble is, that makes just two falls over the last nine business days. First thing, it was looking
Amazon, Chipotle, Under Armour and McDonald’s have all announced wage hikes.
New reporting requirements on crypto, along with other measures, would help raise $700 billion over the next decade.
Today’s mortgage and refinance rates Average mortgage rates nudged higher yesterday. That was only a bit of a surprise. Because I warned that morning that an afternoon Federal Reserve event
Closing a mortgage often takes 45-60 days, depending on your loan type, application, and whether you’re buying a home or refinancing.
Today’s mortgage and refinance rates Average mortgage rates just inched higher yesterday. So, over the previous week, we’ve had three rises, one fall and one holding steady. First thing, it
At least 21 red states have said they will stop paying the federal supplement.
A new survey finds only 1% of CEOs think economic conditions will get worse.
Republicans and the White House appear far from a deal.
They also expect companies to raise wages to attract workers.
Customers’ children as young as 13 will be eligible for their own brokerage accounts at the investment firm which is joining fintechs like Greenlight in courting the next generation of investors.
VA loan co-signers are allowed. But the co-signer must be your spouse and/or another VA-eligible borrower. Learn more about VA loan co-signers here.
Today’s mortgage and refinance rates Average mortgage rates were unchanged yesterday. After rises on four out of five business days last week, that was a win. It’s looking this morning
Investment property mortgage rates are above current market rates. Learn what impacts your rate and how to find the best rental property financing.
What’s the relationship between mortgage rates and inflation? Learn why high inflation might cause mortgage rates to go up this year.
In nearly three-quarters of U.S. states, claimants must prove they’re actively job hunting to keep getting benefits.
In nearly three-quarters of U.S. states, claimants must prove they’re actively job hunting to keep getting benefits.
Today’s mortgage and refinance rates Average mortgage rates edged lower last Friday. That was a welcome end to the week following four consecutive days of rises. Mortgage rates today look
Who qualifies as a first-time home buyer? It’s not always straightforward. You might qualify, even if you’ve previously owned a home.
Today’s mortgage and refinance rates Average mortgage rates just edged lower yesterday. It was a welcome end to a poor week for those rates. Because that saw rises (some appreciable)
Companies facing labor shortages are offering bonuses and even higher starting salaries to attract new employees. But will the changes last?
Today’s mortgage and refinance rates Average mortgage rates rose again yesterday. Don’t believe all the headlines about falling mortgage rates. They’re based on Freddie Mac’s survey and its methodology means
Learn about the financial steps to building a house. This guide covers construction costs, loan options, construction loan rates, and more.
The VA Energy Efficient Mortgage (EEM) is a special loan program to finance the cost of energy-efficient improvements with low rates and zero down.
Today’s mortgage and refinance rates Average mortgage rates increased again yesterday. And those rates are now at their highest so far in May. In early trading, it was looking as
States must continue to pay special federal benefits to gig workers, freelancers and the self-employed, and those who have left jobs because of Covid-19 safety concerns, Sanders argues.
The pay increases are only for company-owned stores, not franchises.
Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday. And falls and rises over the last week have more or less canceled each other out. Unfortunately, mortgage rates
Commercial airlines struggled while defense companies held steady on the 2021 edition of the Forbes Global 2000.
Refinance requirements can be tricky, but the rewards are often huge. Find out what you need to meet basic refinance requirements and start saving.
Today’s mortgage and refinance rates Average mortgage rates just inched higher yesterday. So the sharper increase I warned might happen didn’t materialize. However, it remains a risk. Indeed, first thing
Is buying a house a good investment? It depends on your goals. A house is a great investment if you need a place to live, but may not maximize your returns.
Learn how to apply for a VA home loan. Follow this step-by-step process to access your VA home loan benefits and buy or refinance a house at a low rate.
Today’s mortgage and refinance rates Average mortgage rates fell appreciably last Friday. The drop was a result of that morning’s disappointing jobs report. And, first thing, market movements suggested that
Today’s mortgage and refinance rates Average mortgage rates tumbled by a worthwhile amount yesterday. We’ll address why later. And discuss the risk that they’ll bounce back quickly. Mortgage rates next
The pandemic has upended global supply chains and disrupted the delicate balance of supply and demand in many industries.
Are you FHA Streamline Refinance eligible? Use this easy-to-follow format. Updated for newest changes to FHA MIP. Today’s FHA rate quotes available.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. Of course, that’s welcome. But, in the bigger picture, these rates have been becalmed for weeks. First thing, mortgage
Making a large downpayment is not the conservative investment you believe it is. The risks of putting 20% down on a home are real. Know what you should do.
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. So we haven’t seen a fall since Monday. Of course, these rates are still very low. But the downward
Biden officials and the Fed insist inflation is no big threat, but investors seem to be bracing themselves anyway.
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. A fall had looked likely early in the morning. But markets changed direction as the day wore on. This
It’s possible to get a home equity loan or HELOC on a second home. But rates are a little higher and lending rules are stricter. Learn more here.
The Penn Wharton Budget Model predicts the AFP would cost $2.5 trillion over ten years.
Should you pre-qualify for a home loan before you buy? Pre-qualification is not required, but it will help show you what you can afford. Learn more here.
Today’s mortgage and refinance rates Average mortgage rates edged lower again yesterday. That makes three consecutive business days of falls. And we might be starting on the fourth. Because mortgage
Unemployment is back to pre-pandemic levels in some states, consumer spending on durables is soaring and Amazon had its best first quarter ever.
The world’s most popular cryptocurrency is up 89% this year.
A new refinance option from FHFA could help low-income homeowners save $2,000 per year or more. Learn about program rates and requirements here.
Today’s mortgage and refinance rates Average mortgage rates inched lower last Friday. And they ended April appreciably lower than they started it. Judging from movements in markets earlier, mortgage rates
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. In the first half of April, rates fell appreciably. But in the second half, they’ve barely moved. We’ve been
Today’s mortgage and refinance rates Average mortgage rates just inched downward yesterday. And that was quite a surprise. All the signs first thing that morning suggested a rise. Key markets
Think $1.8 trillion is expensive? That price tag could have been a lot higher.
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. And that continues a recent pattern of slowing falls. Do recent increases signal the resumption of 2021’s rising trend?
All other taxpayers can request an extension to file, but 2020 payments still need to be in by May 17, or penalty interest may be charged on the balance due.
Pent-up demand, stimulus checks and vaccines helped fuel the boom.
16.6 million people are now receiving some form of government jobless benefit.
A gift of equity can be a huge help when buying a home. But buyers and sellers have to follow the rules, and there may be tax implications. Learn more here.
Heirs and hedge fund managers might take a hit, but tens of millions of families and lower-paid young singles will come out ahead with fatter tax credits.
Biden’s proposed $15,000 home buyer tax credit is now in Congress, along with a $25,000 home buyer grant. Learn about what both programs would entail.
Today’s mortgage and refinance rates Average mortgage rates edged higher again yesterday. Over the last eight working days, four have seen rises. But the falls have been a little bigger.
There’s money for free pre-k and free community college and an extension of the bulked-up child tax credit, paid for with higher taxes and more tax enforcement for the rich.
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. It was only the third rise in April. But also the third over the last seven working days. Still,
Buying a house can take anywhere from a couple months to half a year or longer. It depends on local markets and how prepared you are. Here’s what to expect.
The tax gap has risen to $1 trillion per year, the IRS commissioner told Congress this month.
National Economic Council director Brian Deese said 150 million American households won’t see any investment tax changes at all.
The agency is answering just one in 50 calls for help on its individual tax return phone lines.
Analysts are predicting a boost of at least 2% this year thanks to digital trends accelerated by the coronavirus pandemic.
Today’s mortgage and refinance rates Average mortgage rates edged a little lower last Friday. And that continued an April run that has so far seen only two rises this month.
How much should your mortgage be? It’s all about how large of a monthly mortgage payment you can comfortably afford. Learn how to find the answer.
Why you need to stock up on wine, used cars, diapers and potted plants now.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. And, following on from a consistent upward trend since January, there have been only two modest rises so far
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. They’d looked likely to rise earlier in the day. But they changed course during the afternoon on concerns about
You can buy a house with low income if you meet the guidelines for one or more of these mortgage programs. Here’s how to do it.
The lawmakers want to expand eligibility, establish automatic triggers and create a federal standard for states to follow.
Biden’s plan to hike capital gains taxes spooked investors.
Today’s mortgage and refinance rates Average mortgage rates just inched lower yesterday. And they start today pretty much back to where they were last Thursday, which was their lowest point
The Dow plunged 400 points on the news.
The labor market’s recovery is gaining steam.
Buying a condo can be a great idea. But there are certain risks and costs that come with condo ownership. See the pros and cons of buying a condo here.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. That followed two consecutive working days of modest rises. So it might suggest the push to higher rates is
Today’s mortgage and refinance rates Average mortgage rates edged higher again yesterday. It was the second consecutive working day of rises. But followed weeks of falls. There was very little
Historic home renovations can be expensive. Luckily, there are loans, grants, and tax breaks that can make the renovation process more affordable.
Stock trades would be taxed at 0.5% under the bill.
The president wants to hike the top individual tax rate and raise more money from the wealthiest Americans through capital gains, estate and other tax changes.
Democrats from high tax states pushing for full SALT deductions face opposition from their left flank–as well as from Republicans.
A VA construction loan lets you buy land, build a home, and finance the mortgage with 0% down. But these loans can be hard to find. Learn more here.
Today’s mortgage and refinance rates Average mortgage rates edged higher last Friday. It was the first rise since the closing days of March. But it’s way too soon to think
The company said rising commodity costs are the reason for the hikes.
Experts at the investment bank say key market catalysts in the coming months are more likely to be “micro” factors than “macro” ones.
George Sherman will step down by July 31, the company said Monday.
Central banks across the globe are dipping their toes into digital money.
What is an HFA loan? Learn about the 3-percent-down HFA Preferred and HFA Advantage programs here. Rates and requirements included.
Today’s mortgage and refinance rates Average mortgage rates rose yesterday. It was only a small increase. But it was the first since the final days of March. Does the first
Today’s mortgage and refinance rates Average mortgage rates fell yesterday. And it was the biggest single drop in weeks. Indeed, two or three more of those could see average rates
The president wants to crack down on tax avoidance and profit shifting by multinational companies.
Heavy losses in the first quarter of 2020 pushed growth figures higher.
Today’s mortgage and refinance rates Average mortgage rates edged lower yet again yesterday. Each fall is small. But they’re beginning to add up. And they may get better yet. In
The billionaire CEO is preparing to step down this year.
16.9 million people are now receiving some form of government unemployment benefit.
CFPB has proposed extending the foreclosure moratorium through Dec. 31, 2021. That would mean no COVID-related foreclosures until 2022. Learn more here.
Today’s mortgage and refinance rates Average mortgage rates edged lower again yesterday. And that means we haven’t seen a rise since the end of March. Mortgage-backed securities (the bonds that
An FHA construction loan lets you buy land, build a house, and finance a mortgage — all with one loan. But the process and requirements can be complicated.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday, again by the smallest measurable amount. It was a repeat of last Friday when a rise looked likely early
Thanks to crypto, tax evasion by the wealthiest and more.
Government officials have stressed that a short-term bounce in consumer prices is expected and manageable.
Commission income is usually accepted by lenders if you have a 2-year earnings history. See how lenders calculate commission income for mortgage qualifying.
Today’s mortgage and refinance rates Average mortgage rates inched lower last Friday. That was a nice surprise. Because earlier in the day they’d looked likely to edge up. This morning,
22.3% of the population was fully vaccinated as of April 12, according to the CDC.
Some are sounding the alarm that President Biden’s multitrillion-dollar spending plans will overheat the economy.
Biden has said he is “willing to negotiate” a smaller increase.
How big is the down payment for a $300,000 house? That depends entirely on the type of mortgage you choose. Explore your options!
Today’s mortgage and refinance rates Average mortgage rates fell yesterday. But only by the smallest measurable amount. Still, that was a surprise because earlier in the day they’d looked likely
The Trump tax reform conspicuously targeted high-tax Democratic states. Now that they’re in control, some Democrats have made undoing the damage a priority.
If you want to save more money by refinancing your house, make sure to compare refinance rates and lenders. Tips for getting the best refinance rates here.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday, extending the period since we last saw a rise. That was March 30. Unfortunately, it was looking first thing
Self-employed first-time home buyers face obstacles other buyers don’t. Learn what to expect and how to get mortgage-approved.
Today’s mortgage and refinance rates Average mortgage rates edged lower again yesterday. That extended the run without a rise to more than a week. And that may not be the
Experts from Bank of America expect employment to return to pre-pandemic levels by the end of the year.
Today’s mortgage and refinance rates Average mortgage rates fell moderately yesterday, as we predicted. It’s been nearly a week since we’ve seen a rise. And that happy run may continue
Use these step-by-step instructions for accepting a cash downpayment gift on a home, including a ready-to-use mortgage gift letter template.
He added that “we’ve got to pay” for his multitrillion-dollar infrastructure spending plan somehow.
The 15% minimum tax would only apply to companies with reported earnings of more than $2 billion.
The billionaire CEO credits pent-up savings, stimulus spending, easy Fed policy, vaccines and “euphoria” around the end of the pandemic.
USDA loan limits have changed. New USDA loan limits range from $285K to $657K depending on your area. Find out how much house you can afford.
Today’s mortgage and refinance rates Average mortgage rates just inched lower yesterday. That surprised me because it looked that morning as if a small rise was more likely. But these
Payments for recipients of Veterans Affairs benefits will hit bank accounts on April 14.
Emerging markets and developing countries will suffer greater losses.
Today’s mortgage and refinance rates Average mortgage rates held steady last Friday. That wasn’t a surprise. Most markets were closed and bond markets were open only for a few morning
Many experts are saying it’s a horrible time to buy a house. But that’s not true for everyone. Here are 5 reasons it could be a great time to buy a home.
Infrastructure spending takes time to ramp up, but new corporate taxes don’t.
The Treasury Secretary will argue that the tax creates “a more level playing field.”
Requirements to buy a house aren’t as strict as you might think. Requirements for credit, income, and down payment are lenient for first-time home buyers.
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. Turns out I was right last Saturday when I predicted that “mortgage rates might rise modestly” this week. But
Today’s mortgage and refinance rates Average mortgage rates edged lower again yesterday. They’ve risen appreciably over the last month. But they’ve fallen on six of the last nine working days.
The prediction came as President Biden celebrated a blockbuster March jobs report.
The unemployment rate ticked down to 6%.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. It was only a small drop. But every little bit helps. And we may see something similar again. Because
Pool financing can be affordable, especially with a low-rate secured loan. Learn about the best swimming pool financing options.
Demand for petroleum is expected to rebound by 5.5 million barrels per day this year.
March unemployment data is coming Friday.
FMERR – the Enhanced Relief Refinance Program – allows homeowners to refinance into a lower rate with little or no home equity. Do you qualify?
Today’s mortgage and refinance rates Average mortgage rates rose again yesterday, quite sharply. Unfortunately, the rises over the last three working days pretty much wipe out the falls over the
The HARP program is expired. But Freddie Mac and Fannie Mae created HARP replacement programs FMERR and HIRO to help underwater homeowners refi.
This isn’t Hwang’s first run-in with regulators.
Biden’s ambitious spending proposal is facing a tough path through Congress.
The plan calls for eight years of spending to be paid for with tax hikes over 15 years.
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. The rise was so small some lenders won’t have bothered changing their rate cards. And they might, instead, add
PennyMac mortgage review showing how PennyMac compares to other top lenders for mortgage rates, customer service, and loan options.
But money won’t hit bank accounts until April 7.
More details about the $3+ trillion plan are coming Wednesday.
The Fannie Mae HomeStyle loan lets you buy a home and carry out renovations with one mortgage. Learn about HomeStyle rates and requirements here.
The president is looking to collect hundreds of billions of dollars in taxes from big companies to help finance his ambitious spending proposals.
Today’s mortgage and refinance rates Average mortgage rates rose last Friday. That was disappointing after a series of falls. But these rates remain near historical lows. Looking at how markets
Including more than $3 trillion in new tax hikes, according to the Washington Post.
Is there a conventional Streamline Refinance? No, but you can use a different refinance option to get similar Streamline benefits. Here’s how.
The ban was originally set to expire on Wednesday.
Today’s mortgage and refinance rates Average mortgage rates rose yesterday. It was the first increase in more than a week. And it barely made a dent in those recent falls.
Today’s mortgage and refinance rates Average mortgage rates edged lower again yesterday. Recent movements haven’t been large. But they’re beginning to add up. By the way, don’t believe Freddie Mac’s
With trillions of dollars of stimulus spending still to come, growth will continue even after the central bank says the party’s over.
The $1.9 trillion American Rescue Plan extended the credits for one year.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. That makes four working days since the last rise. And there are grounds for hoping for more good news
The flexible coworking startup will merge with BowX Acquisition Corp.
The wildly popular stock trading app wants to make sure its users don’t miss out on first-day trading pops.
The IRS has sent out 127 million payments worth $325 billion.
The Small Business Administration will have until June 30 to process backlogged applications.
Vaccines are rolling out and states are lifting restrictions.
An assumable mortgage lets you take over an existing loan at its current interest rate and terms. When is an assumable mortgage a good idea?
Today’s mortgage and refinance rates Average mortgage rates moved lower again yesterday — and by a worthwhile amount. But, unfortunately, it was a drop in the ocean compared to 2021’s
Millions unemployed, interest rates at rock bottom, and trillions of dollars in stimulus spending.
Finance of America mortgage review showing how Finance of America compares to top lenders for mortgage rates, customer service, and loan options.
Today’s mortgage and refinance rates Average mortgage rates fell yesterday. Finally! It felt good, even though it’s adrift in a sea of rises. And the falls might continue today. Market
Biden’s $1.9 trillion American Rescue plan is now law, and the administration is already looking ahead to more spending.
Higher taxes on big corporations and rich individuals will be used to finance Biden’s upcoming infrastructure and jobs plan, according to the Washington Post.
What’s a good debt-to-income ratio for a mortgage? Most lenders want to see 43% or lower. But a higher DTI can be ok, too. Here’s what you should know.
Today’s mortgage and refinance rates Average mortgage rates held steady last Friday. And that was a relief after a solid week of rises. There may be more good news today.
New direct deposits will clear on March 24, the agency said.
The sudden losses were triggered by President Erdogan’s firing of the head of the central bank-the third in two years.
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. Of course, these rates remain extraordinarily low by historical standards. But a rising trend in 2021 means they’re now
Today’s mortgage and refinance rates Average mortgage rates rose moderately yesterday. But it was a less sharp increase than had looked likely first thing that morning. And we may be
First-time home buyers often ask, ‘Can I buy a house with student loans?’ You can, but you should know how student loans will affect your mortgage.
Today’s mortgage and refinance rates Average mortgage rates edged higher yesterday. But it was one of the smaller rises we’ve seen over the last four working days. But it may
USDA vs FHA for first-time buyers: Should you use a zero-down USDA loan or 3.5%-down FHA loan? Compare pros and cons here.
Buying a condo vs. renting can be a tough decision. Renting offers flexibility, but buying a condo builds wealth. See more pros and cons here.
The central bank expects GDP growth of 6.5% this year.
Learn how to apply for an FHA loan and get approved. This guide covers the FHA loan application process, required documents, and guidelines to qualify.
Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday. That was ahead of today’s Federal Reserve news conference. Today’s? Yes, I muddled the days and that conference is
President Biden is also preparing to unveil new tax to fund his administration’s stimulus agenda.
But a middle class family earning $110,000 per year could see relief.
Today’s mortgage and refinance rates Average mortgage rates unexpectedly rose yesterday. But only by the smallest measurable amount so the damage was barely perceptible. Today could be even more unpredictable.
Wells Fargo, JPMorgan, Bank of America, and others faced blowback after the IRS announced checks were being sent out last week and customers couldn’t access the money immediately.
Taper tantrums are a close second.
A new rule from FHFA caused a sharp increase in investment property mortgage and second home mortgage fees. Here’s what you need to know.
Today’s mortgage and refinance rates Average mortgage rates rose appreciably on Friday. So it was yet another example of rates ending a week higher than they started it. However, bear
The corporate tax rate and individual income tax rate for high earners could both go up.
The OECD expects China’s GDP to grow 7.8% in 2021.
Looking for the cheapest way to buy a house? Here are seven strategies that can help you become a homeowner much faster than you thought possible.
Today’s mortgage and refinance rates Average mortgage rates climbed higher yesterday. There have been plenty of up-and-down daily movements this week. But the overall rise has been fairly modest. Still,
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. Such falls are always welcome. But recently they’ve been outweighed by mostly small rises. Still, these rates are a
Some economists have said Biden’s flagship rescue plan could overheat the economy.
Today’s mortgage and refinance rates Average mortgage rates nudged higher yesterday, wiping out Tuesday’s fall. Of course, they remain at exceptionally low levels by historical standards. But they’ve moved on
Can you buy a house with no credit? Often, the answer is ‘yes,’ if you know which type of loan to use. Here’s how to get approved with no credit score.
The massive relief package, passed exactly one year after the World Health Organization declared Covid-19 a pandemic, contains stimulus checks for most Americans but not everyone will receive the same amount.
Eligible Americans can expect money in their bank accounts as soon as this month.
The pace of layoffs is slowing as vaccines roll out and states begin lifting restrictions.
The best type of home loan is different for each buyer. Compare low- and no-down-payment loans to find the right type of mortgage for you.
Today’s mortgage and refinance rates Average mortgage rates nudged lower yesterday. It was the first actual drop in a week. First thing, mortgage rates looked unlikely to move far today,
Fannie Mae and Freddie Mac offer three mortgage options for first-time buyers with 3% down: The conventional 97, HomeReady and Home Possible.
$1,400 stimulus checks and $300 weekly unemployment benefits are now one step closer.
Forty Republicans opposed Greene’s attempt to stall a vote on the relief bill as one Democrat proposed barring her from making such motions in the future.
Payments are slated to start in July.
What is home equity and how does it work? Learn how to calculate your home equity and how having equity can benefit you.
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. Which was good news. And there may be more where that came from. First thing, markets looked set to
Home buyer grants can help first-time buyers who had a financial setback during COVID. Learn about current assistance programs and how to qualify.
“We are doing everything in our power to expedite the payments and not delay them,” White House press secretary Jen Psaki said Tuesday.
The OECD is expecting 6.5% growth this year.
The payments could hit millions of bank accounts this month.
Learn how much it costs to refinance a mortgage, what’s included in refinance closing costs, and how you can save money on your refi.
Today’s mortgage and refinance rates Average mortgage rates rose again last Friday. But falls on Monday and Tuesday meant the week ended only a little worse than it started. First
Goldman Sachs is expecting GDP growth of nearly 7% this year.
Six days remain before enhanced federal unemployment benefits expire.
Today’s mortgage and refinance rates Average mortgage rates rose again yesterday. The week started out so well, with two worthwhile falls. But they were followed by three rises. And rates
Eight days remain before enhanced federal unemployment benefits expire on March 14.
The Senate has begun a marathon voting session that could produce major changes to the package.
The effort would have included the wage hike in Biden’s $1.9 trillion stimulus bill.
Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday. They’re not back up to the recent highs seen at the end of last week. But it was enough
Understanding what a mortgage is and how it works is the first step to buying a home. This mortgage 101 guide has all the home loan basics you need to know.
USAA mortgage review showing how USAA compares to other top mortgage lenders for mortgage rates, customer service, and loan options.
Biden’s $1.9 trillion stimulus bill could pass in the Senate as soon as this weekend.
But 9.5 million Americans are still out of work.
But he’s optimistic things will pick up in the months ahead.
6 low- and no-down-payment mortgage options for today’s home buyers. Find out how you can buy a house with no money down and a low interest rate.
Today’s mortgage and refinance rates Depending on your lender, average mortgage rates inched higher yesterday after three days without a rise. Read on to discover what’s happening. Judging from early
Ten days remain before enhanced federal unemployment benefits expire on March 14.
745,000 people filed new claims for benefits last week.
The U.S. needs to spend $2.6 trillion over the next decade to bring that grade up to a B, the American Society of Civil Engineers said Wednesday.
Mortgage underwriting can take days or weeks depending on your lender and application. Here’s what to expect from underwriting and what to do about delays.
Today’s mortgage and refinance rates Average mortgage rates fell yesterday — further than looked likely first thing. Remember last Thursday’s big rise? Well, movements since then have pretty much eliminated
Democrats can’t afford to lose a single vote along the way.
The relief legislation is overwhelmingly popular among voters.
Some lawmakers, including Sen. Joe Manchin, want the massive relief bill to be more narrowly targeted.
Today’s mortgage and refinance rates Average mortgage rates fell modestly or remained unchanged yesterday. Depending on your lender, it may have been the first decrease you’ve seen in more than
USDA construction loans can be an affordable way to buy land and build a home. But these loans are hard to find. Learn about the pros and cons here.
If your home was damaged during winter storm Uri, you might be eligible for federal aid. Here’s a list of current Texas disaster relief programs.
“Families should not be at the mercy of constantly-shifting legislative timelines and ad hoc solutions.”
Some overly-cautious borrowers are missing out on the benefits of cash-out refinancing. Find out if a cash-out refi is a good idea for you.
Today’s mortgage and refinance rates Last Friday, average mortgage rates either held steady or edged lower, depending on your lender. That was a relief after a terrible couple of weeks
The legislation might not pass before the fall.
Today’s mortgage and refinance rates Average mortgage rates fell a little or held steady yesterday (Friday). Unfortunately, it was the only glimmer of light in a gloomy week that saw
Today’s mortgage and refinance rates Average mortgage rates soared yesterday, rising by a greater amount than we’ve seen in a long time. Of course, they’re still very low in a
Lawmakers are already floating tax penalties for big corporations that pay less than $15 per hour.
“Mega-corporations can afford to pay their employees $15 an hour.”
Today’s mortgage and refinance rates Average mortgage rates nudged higher yet again yesterday. Of course, these rates remain exceptionally low by historical standards and are at dream levels for most.
Do you get better mortgage rates from a mortgage broker or a bank? What’s the difference? Find out which one is better for your situation.
It’s a major loss for Democrats.
The exchange is planning a direct public listing on the Nasdaq.
Federal Reserve Chair Jerome Powell told lawmakers Tuesday that employment levels remain well below the central bank’s target.
Wells Fargo Home Mortgage review showing how Wells Fargo compares to other top lenders for mortgage rates, customer service, and loan options.
Bank of America mortgage review showing how the company compares to other top lenders for mortgage rates, customer service, and loan options.
Today’s mortgage and refinance rates Average mortgage rates rose yet again yesterday. But it was the smallest increase for a couple of weeks. Is that any consolation? Unfortunately, mortgage rates
Lender credits let the mortgage lender pay closing costs, while the borrower pays a higher interest rate. Find out if lender credits are worth it here.
The FedACH, Fedwire, and FedCash services were down for several hours on Wednesday afternoon.
The White House wants to promote American manufacturing and reduce reliance on critical goods manufactured overseas.
“Previous federal relief measures have been essential, but more must be done.”
Some closing costs can increase on the Closing Disclosure (CD) but others can’t. Here’s how to use the CD to get the deal you were promised.
Today’s mortgage and refinance rates Average mortgage rates rose again yesterday. And the rise was sharper than looked likely first thing that morning. When we say that markets can turn
Major companies like Tesla and BlackRock are also dipping their toes into crypto.
The economic rebound has a long way to go, the Federal Reserve chair said.
A decision could come as soon as Wednesday.
Today’s mortgage and refinance rates Average mortgage rates edged up again last Friday. That was disappointing after Thursday’s small fall. But hardly a surprise, given the sharp rises earlier in
You may be able to use a 203k loan for an investment property. But only in certain circumstances. Learn about 203k loan rules for investors here.
All eyes will be on Federal Reserve Chairman Jerome Powell this week.
The House of Representatives could vote on the package as soon as Friday.
For two weeks, only businesses with fewer than 20 employees will be allowed to apply.
Compare the best USDA lenders to get a great deal on your home loan. USDA loans require zero down payment and have below-market interest rates.
Today’s mortgage and refinance rates Average mortgage rates nudged higher on Friday. It was a bad week for these rates. And they’re now hovering around the 3% mark even for
A no-closing-cost refinance or home purchase saves you money upfront But your rate will be higher. Learn when a no-cost mortgage is a good idea.
Today’s mortgage and refinance rates Finally, average mortgage rates edged lower yesterday. It had been more than a week since the previous fall. And it made up only about one-tenth
It’s often worth refinancing for 1 percent. But is it worth refinancing for 0.5 percent — or even 0.25 percent? In some cases, the answer is yes.
Today’s mortgage and refinance rates Average mortgage rates climbed again yesterday, with some breaking through the 3% barrier, according to some sources. The rise wasn’t as sharp as Tuesday’s. But
“We’ve started to dabble a bit into it.”
Millions of unemployed workers could face huge surprise tax bills.
Loan modification helps borrowers who can’t pay their mortgage due to financial hardship. Learn more about a loan modification vs. refinance.
Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday, as we predicted. They’re still below 3% for 30-year fixed-rate mortgages. But it’s been a while since they’ve been
Only 23% of registered voters think the Republican Party is headed in the right direction.
The first two rounds totaled $412 billion in direct payments to Americans.
Today’s mortgage and refinance rates Markets were closed yesterday. However, average mortgage rates rose again last Friday. Of course, rises are unwelcome. But these rates remain within their exceptionally low
Under the Biden Administration, HUD is expanding the Fair Housing Act to protect LGBTQ individuals. Here’s what that means for renters and home buyers.
Elon Musk isn’t the only exec eyeing digital assets.
Concerns about rampant inflation are “much too premature.”
If Congress does not act soon, more than 11 million workers will lose unemployment benefits.
You can sell your house after refinancing, but there might be a waiting period. You typically can’t refinance while the house is listed for sale, though.
WTI futures passed $60 per barrel on Monday.
Today’s mortgage and refinance rates Average mortgage rates edged higher yesterday. There have been a lot of small, daily ups and downs recently. But they’ve generally canceled each other out.
With impeachment front and center in the Senate this week, when can Americans expect relief?
Complete guide to mortgage and refinance closing costs, including average closing costs and a full list of what’s included in your fees.
Today’s mortgage and refinance rates Average mortgage rates nudged higher yesterday, neatly canceling out Wednesday’s fall. So they remain within their ultralow range. So far this morning, it’s looking as
An estimated 5 million undocumented immigrants are working in essential occupations during the pandemic.
Shares of GameStop soared more than 2,300% in January.
An average Georgia family of four would receive $8,200 under the sweeping rescue bill made possible by the runoff wins that handed Democrats control of the Senate, Schumer said.
Another 793,000 Americans filed new claims last week.
Just about any lender can do self-employed mortgages. But there are additional requirements for self-employed borrowers. Here’s what you should know.
Learn how to apply for a mortgage the right way. Give yourself the best shot at getting the type of loan you want and a low interest rate when you apply.
Today’s mortgage and refinance rates Average mortgage rates nudged lower again yesterday. And, as Freddie Mac and Mortgage News Daily point out, they’re now pretty much back to where they
The deadly riot at the Capitol Building that followed the rally is front and center in Trump’s ongoing impeachment trial.
Republicans voted against the measure, which the CBO says will cost 1.4 million jobs.
Lawmakers are forging ahead with Biden’s $1.9 trillion rescue plan.
“I regret that language and take responsibility for it.”
Tanden pledged to take a “radically different” approach.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. It was only the second fall in nine working days, though they held steady on Monday. Luckily, all recent
Is now a good time to buy a house? Low rates will help some first-time buyers, but COVID will hinder others. Here’s what you should know.
APR vs. interest rate: Both numbers are important for comparing mortgages. But which one matters more? That depends on your home buying goals.
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday, which after so many recent rises, was a win. Earlier, an increase had looked likely, but key markets changed
Today’s mortgage and refinance rates Average mortgage rates inched higher again last Friday. Although last week saw mostly rises, each movement was small. And these rates remain exceptionally low. First
Democrats are hoping to pass the final stimulus bill by mid-March.
The investment bank’s analysts say a $10 or $11 per hour hike is more likely, if lawmakers can agree to compromise.
The electric car giant also plans to begin accepting bitcoin as payment “in the near future.”
Many mortgage pros believe President Biden will cut FHA mortgage insurance premium (MIP) rates. Here’s what that means for you.
Bank statements say a lot about a mortgage applicant. Check for 3 common issues when turning your account paperwork in to your lender.
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. And that meant we’ve seen four rises and one fall this week. It’s not a great outcome. But each
Today’s mortgage and refinance rates Average mortgage rates edged higher yet again yesterday. Of the last six working days, they’ve risen on five and fallen on just one. Still, each
You can qualify for a mortgage with a Chapter 13 bankruptcy in your recent past. You could even buy a house while in Chapter 13 in some cases. Here’s how.
Today’s mortgage and refinance rates Average mortgage rates inched higher again yesterday. Although that was the latest in a recent series of increases, those rates are still nearer to the
Lawmakers are in for a long night before they can move forward on Biden’s $1.9 trillion relief bill.
Biden’s $1.9 trillion stimulus plan is on its way through Congress but does not include student loan cancellation.
Jobless claims remain stubbornly high.
Chase mortgage review showing how Chase Bank compares to other major lenders for mortgage rates, customer service, and loan options.
Today’s mortgage and refinance rates Average mortgage rates edged higher yesterday. But, of course, they remain within their uberlow range. First thing, it’s looking as if mortgage rates might hold
HELOC vs home equity loan: Both types of second mortgage can tap home equity at a low rate, but which loan type is right for you?
Democrats in Congress are moving ahead with the plan over Republican objections.
But he’s open to tightening the eligibility requirements.
Democrats are pushing forward on Biden’s $1.9 trillion relief bill without Republicans.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday, but only by the smallest measurable amount. Still, they’re only a bit higher than the all-time low set last
Mortgage amortization is the process of paying down your home loan. Your amortization schedule affects your payments, home equity, and payoff date.
Lawmakers will be able to vote on amendments to the package this week.
Bezos will step into an Executive Chair role and will be replaced by Amazon Web Services CEO Andy Jassy, Amazon said.
The West Virginia senator’s vote will be critical for Democrats, who on Tuesday will begin the process of pushing Biden’s plan through Congress without the GOP.
Democrats are moving forward with Biden’s $1.9 trillion plan while a key group of GOP senators pushes a $618 billion counter proposal.
Today’s mortgage and refinance rates Average mortgage rates rose last Friday, bouncing back after Wednesday’s all-time low. Of course, these rates are still extraordinarily low. But the latest rises suggest
Buying a house sight unseen can give you an edge in a competitive market. But there are risks that come with sight-unseen homes. Here’s what to know.
Meanwhile, ten Republican senators will meet with the president on Monday to discuss their own pared-down proposal.
But the labor market won’t recover from the crisis until 2024.
Here’s what we know about the pared-down proposal from ten Republicans, who are set to meet with Biden on Monday to discuss the details.
Bank statement loans can help self-employed mortgage borrowers qualify for a bigger home loan. Here’s how to find a safe, low-rate bank statement loan.
A group of ten Republicans is pushing for $1,000 payments instead of the $1,400 payments Democrats and President Biden want.
Ten lawmakers say a bipartisan bill is possible.
Today’s mortgage and refinance rates Average mortgage rates rose yesterday. And the week — which had promisingly seen a new all-time low — ended up going nowhere. Because those averages
Today’s mortgage and refinance rates Average mortgage rates inched up by the smallest measurable amount yesterday. So they’re immediately adjacent to the new all-time low set on Wednesday and equal
Mortgage scams are real and they often veteran homeowners. Here are the most common VA loan refinance scams and how to avoid them.
“One more check is not enough.”
Today’s mortgage and refinance rates Average mortgage rates fell yesterday, as we predicted. And, as a result, they’re now at a new all-time low. There was mixed economic news earlier
Recovery slowed sharply as the coronavirus surged and federal stimulus measures expired.
Another 847,000 Americans filed new claims for state unemployment benefits last week.
Is now a good time to refinance? For many homeowners, it is. Low rates make it a good time to refinance if you can save money or cash-out home equity.
Title insurance protects you against outside claims to your property. Lender’s title insurance is required but you should get owner’s title insurance, too.
Today’s mortgage and refinance rates Average mortgage rates edged higher yesterday. It was only a small increase. And rates remain in uberlow territory. But it ended an eight-working-day run without
Morty mortgage review showing how Morty compares to other top lenders for mortgage rates, customer service, and variety of loan options offered.
An iBuyer uses technology to make instant cash offers to home sellers. Buyers can then purchase homes on the iBuyer platform. Here’s how it works.
Today’s mortgage and refinance rates Average mortgage rates edged lower yet again yesterday. And they’re now tantalizingly close to the all-time low. But early signs in markets suggest the recent
Biden is pushing for a bipartisan deal but signaled Monday that he’s open to passing legislation without GOP buy-in.
In his annual letter to CEOs, Fink says “no issue ranks higher than climate change” for BlackRock’s clients.
Today’s mortgage and refinance rates Average mortgage rates fell more than expected last Friday. And they’re now back within striking distance of the most recent all-time low, set early this
Meanwhile, Sen. Bernie Sanders is warning Democrats of losses in the 2022 midterms if they delay Covid-19 relief.
The plan will encourage federal agencies to buy more U.S. goods.
Thanks to a new policy, FHA is now accepting DACA home loans. Learn about the pros and cons of FHA loans and whether you qualify for financing.
Foreign direct investment in the United States plummeted 49% in 2020 while investment in China rose 4%.
The investment giant is expecting GDP growth of 6.6% in 2021, unless any of these three things happen.
Sanders is prepared to use a special Senate budget process to pass relief legislation without any GOP buy-in.
Today’s mortgage and refinance rates Average mortgage rates fell yesterday. And suddenly they’re back within their uberlow range. Indeed, one more drop like yesterday’s and they’ll be at their all-time
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. The fall was the smallest that can be measured. But was welcome nonetheless. First thing this morning, key markets
Thinking about buying a house or refinancing with only one spouse on the mortgage? Here are the major benefits and drawbacks to consider.
A home equity loan lets you cash-out your equity without replacing your current mortgage. Learn how home equity loans and home equity lines (HELOCs) work.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. It was a small drop but it inches them further toward the all-time low, though there’s still a way
The new president’s administration is looking to drum up bipartisan support for the plan, but there’s no guarantee that Republicans will sign on.
Biden made the move to rejoin on his first day in office.
Learn about grants and home loans for disabled individuals that can make it easier and more affordable to buy your own home.
Today’s mortgage and refinance rates Average mortgage rates were unchanged yesterday, as expected. So they remain exceptionally low, though a bit above the record. There may be literal fireworks over
Nearly 16 million Americans are collecting some form of government unemployment benefit.
The price of bitcoin is up more than 20% this year.
Romney says he’s “not looking for a new program in the immediate future.”
Reali Loans mortgage review showing how Reali compares to other top mortgage lenders for mortgage rates, loan options, and customer service.
Today’s mortgage and refinance rates Average mortgage rates had a good week last week with another small fall on Friday. They’re now 10 or 11 basis points (a basis point
The new president will also ask federal agencies to extend a foreclosure ban.
The new president is ready to spend big to stave off disaster, but not everyone agrees with his plans.
If confirmed, Yellen will take the reins of the Treasury Department in the midst of the worst public health and economic crises the United States has seen in generations.
The minimum credit score to buy a house varies by loan program. Most home buyers can get approved with a 580 credit score or higher. Learn how.
The new president introduced a $1.9 trillion stimulus plan last week.
Mortgage rates moved up last week, and it looks like they’ll keep rising in 2021. But how high will rates go? Should you try to lock in now?
The Obama Administration veteran and former Goldman Sachs banker is expected to tighten federal regulations on Wall Street firms.
Biden says stimulus is his first priority, but an impeachment trial could slow passage of his aggressive spending plan by Congress, as well as Senate confirmation of political appointees to run the government.
The move comes amid concerns that the White House has politicized career appointments to critical national security roles in the waning days of the Trump administration.
The country’s top infectious diseases official said Biden’s plan to vaccinate 100 million Americans in 100 days is “absolutely a doable thing.”
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. But that followed six days without a fall, five of which showed rises. And averages remain noticeably higher than
The debt consolidation mortgage is one way to lower the payments and interest rate on your debts. But it’s not the best solution for everyone.
If you want to buy a home but can’t get a mortgage, you might consider a lease option or “rent-to-own home.” But these are risky. Here’s what to know.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. But don’t get too excited. Wednesday and Thursday’s combined falls only just cancel out Tuesday’s rise. Still, these reductions
Biden says lawmakers “have to act now,” but the plan’s success in the Senate is not guaranteed.
Today’s mortgage and refinance rates Average mortgage rates nudged lower yesterday. It was the first fall for more than a week. And it wasn’t big enough to make much difference.
But the new president’s options may be limited by Democrats’ slim majority in the Senate.
You have extra cash — should you pay off your mortgage or invest? There are pros and cons to both strategies. Here’s how to decide.
Buying a foreclosed home isn’t as easy as it used to be. But good deals can still be found. Here’s how to buy a foreclosed home with a mortgage.
Buying a short sale home can get you a great deal. But the short sale process can be challenging. Here’s what to expect when buying a short sale.
Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday. They haven’t fallen since Jan. 4 so they’re some way above the all-time low. But they’re still within the
Another 965,000 Americans filed new claims for benefits last week.
President-elect Biden is expected to announce details about his plan for more federal pandemic aid on Thursday.
Letters titled “Report of available funds” or “You qualify for an MIP reduction” are ads trying to get you to refinance. Here’s what you should know.
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. And that was a pleasant surprise because they’d looked likely to rise again first thing — and also because
Democratic leader Chuck Schumer says the bigger checks will happen, even amid Congress’ efforts to impeach President Trump.
Top Democrats are pushing Biden to use executive authority to cancel student loan debt when he takes office.
Some in Washington are worried that a drawn-out impeachment trial will hamper Democrats’ ambitious economic agenda.
DTI, your ‘debt-to-income ratio,’ includes taxes and insurance as part of your mortgage payment. Here’s how to find your DTI with taxes and insurance.
Today’s mortgage and refinance rates Average mortgage rates edged higher again last Friday. So they’re appreciably higher than they were this time last week. But, even so, they remain within
The new variants are more contagious but not necessarily more deadly.
Biden wants $2,000 stimulus checks, state and local aid and more, but he could face roadblocks in the Senate.
The first two days of the revamped Paycheck Protection Program for small businesses will be limited to community financial institutions making loans to first-time borrowers.
You can finance a manufactured home, but only if it’s considered ‘real property’. Learn about converting a manufactured home to real property here.
Eric Gavelek Munchel and retired USAF officer Larry Rendell Brock join the ranks of more than a dozen people who have already been charged by federal authorities.
Cruz and Sen. Josh Hawley “will pay a very heavy price,” one GOP senator said.
Democrats are preparing to vote on impeachment articles as soon as Tuesday.
One Congressman has already tested positive after Wednesday’s riot.
Toomey says “there may not be a viable impeachment route at this point.”
Today’s mortgage and refinance rates Average mortgage rates edged upward again yesterday. So they ended the week appreciably higher than they started it. Still, even after that poor period, they’re
Today’s mortgage and refinance rates Average mortgage rates just inched higher yesterday. They’ve strayed some way from their all-time low, which was visited again on Monday. But they remain in
In the mortgage process, ‘escrow’ is when funds are held by a neutral third party until the mortgage closes. Learn how escrow works here.
Today’s mortgage and refinance rates Average mortgage rates rose yesterday. The rise was the sharpest for some time, but less extreme than feared. And rates were already so low that
Here are five ways to pay off your mortgage faster. Plus, what to consider before putting your hard-earned cash toward early mortgage payments.
“It was a horrible day for democracy, but was it a horrible day for capitalism?”
$112 billion in direct payments has already reached bank accounts.
Trump’s tax cuts, deregulation, and trade policies have been a boon for American business.
The U.S. is still down 10 million jobs since February.
You need a mortgage pre-approval before you can start house-hunting. Here’s how to get your pre-approval letter in 3 simple steps.
Today’s mortgage and refinance rates Average mortgage rates edged up yesterday. But they remain very close to their all-time low. Mortgage rates might rise sharply today. How sharply and for
Democrats could undo Trump’s last minute rules on showerheads, migrating birds, Arctic drilling, and more.
McConnell has refused to let the Republican-led Senate vote on the larger payments.
The money started going out on December 29.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday, returning them to their recent all-time low. That had looked unlikely first thing, but markets turned tail later that
Buying a house after Chapter 7 bankruptcy is possible, but most buyers have to wait at least 2 years after the bankruptcy is discharged to get a home loan.
Traders are optimistic, but the oil market isn’t out of the woods yet.
Bigger stimulus checks and student loan relief could be included.
Conventional loans have a few basic property standards, but no in-depth home condition requirements. You likely want a home inspection anyway.
Today’s mortgage and refinance rates Average mortgage rates were unchanged on New Year’s Eve. And they ended 2020 so close to their all-time low that few would notice the difference.
FHA lenders offer low down payments and competitive rates, even for borrowers with bad credit. Here are the best FHA-approved lenders for your home loan.
South Carolina paid out more than $10 million Monday under newly extended federal unemployment programs.
More stimulus and more corporate red tape could be on the line.
The cryptocurrency more than quadrupled in value in 2020.
Congress is expected to certify the Electoral College’s affirmation of Biden’s win on Wednesday.
“We are not where we want to be…but I think we can get there,” the country’s top infectious disease official said.
Today’s mortgage and refinance rates Average mortgage rates ended the day (and the year) on Thursday immediately adjacent to their all-time low. We’ve grown used to rates barely moving in
Mortgage points let you ‘buy down’ your interest rate. Learn how mortgage discount points work and when you should pay for them.
Today’s mortgage and refinance rates Happy New Year! Yesterday, average mortgage rates remained stuck to the all-time low like a honeymooning couple. They’ve remained close throughout the last couple of
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday, and are at or immediately adjacent to their all-time low. These rates have moved so little recently that some
PITI stands for Principal, Interest, Taxes, and Insurance: the 4 parts of your monthly mortgage payment. Find out why your PITI payment matters.
The mortgage interest deduction is a tax break for those who itemize their deductions on a Schedule A. Here’s how the mortgage interest deduction helps you.
But not all of that money was earmarked for stimulus checks and enhanced unemployment. Here’s how it all shakes out.
Today’s mortgage programs have reduced the amount of money you need to buy a home. Here’s how much you will likely pay in upfront home-buying costs.
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. But they remain exceptionally close to their all-time lows. If the news of President Donald Trump signing the pandemic
There are lots of options for getting a mortgage on a house you already own. The right one depends on your goals. Here’s what you should know.
Today’s mortgage and refinance rates Average mortgage rates inched lower again on Christmas Eve, meaning the daily figures ended the week where they started it. Will we see a similarly
Despite Trump’s insistence on larger payments, not all Republicans support them.
Millions of Americans lost out on a week of unemployment benefits because the president failed to sign the bill before a Saturday deadline
Today’s mortgage and refinance rates Average mortgage rates inched lower on Christmas Eve. And, that day, Freddie Mac declared yet another all-time low for its weekly rates survey. So there’s
PMI (mortgage insurance) is usually required if you put less than 20% down. Learn how much PMI is, why you need it, and how mortgage insurance benefits you.
A blanket mortgage lets real estate investors buy multiple properties with one loan. Find out how a blanket loan works, plus pros and cons.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. And the average is just 2 basis points (two one-hundredths of 1 percent) higher than their all-time low. With
Today’s mortgage and refinance rates Average mortgage rates edged upward very slightly yesterday. But they remain very close to the latest all-time low. Surprisingly, President Donald Trump late yesterday demanded
If you want to buy a house but don’t know where to start, start here. We explain how to buy a house in 10 approachable steps. You can even do step 1 today.
Sellers: learn what home inspectors look for so you can prepare for your home inspection. Buyers: learn how to interpret the home inspection report.
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday, but only by the smallest measurable amount. Many will still be able to lock at their all-time low. Yesterday’s
Bonuses and RSU income can be used for mortgage qualifying. But they’re calculated differently, and not all lenders accept them. Here’s what to know.
Today’s mortgage and refinance rates Average mortgage rates edged lower on Friday. So they’re certainly in all-time-low territory. And it looks as if those rates might hold steady or even
Learn how to refinance your USDA loan into a lower rate and payment. Or refinance a USDA loan to cash-out equity or remove mortgage insurance
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday, confirming their status as all-time lows. With Christmas day a public holiday, next week will be a short one.
Today’s mortgage and refinance rates Average mortgage rates were again effectively unchanged yesterday: down by only the smallest measurable amount. Also yesterday, Freddie Mac said that its weekly average had
What’s the average down payment on a house? In 2019, it was way lower than 20%. In fact, the average down payment is just 6-12%. Learn how that’s possible.
The winter surge in Covid-19 cases is continuing to damage the labor market.
Learn how to qualify for first-time home buyer grants and loan programs that make home buying affordable.
As a senior, you can likely buy a home or refinance using social security income, retirement funds, and other assets. Here’s how to do it.
Today’s mortgage and refinance rates Average mortgage rates barely moved yesterday, inching just the tiniest bit higher. So they remain indistinguishable from their recent all-time low. And mortgage rates might
The Treasury Secretary asked the central bank to return nearly half a trillion dollars of emergency funds.
Congress is racing against the clock to get a deal done before Christmas.
Whats the difference between a real estate broker and an agent? Or a real estate agent vs. Realtor? Here’s how to decide on the right agent for you.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday, returning to the recent all-time low. They’ve stayed within a narrow range throughout this month, moving up or down
Meanwhile, Congress is racing to finalize the next stimulus bill before the holidays.
Bernie Sanders says Congress has “got to do more.”
Top lawmakers and officials are close to a $900 billion stimulus compromise, Politico first reported.
McConnell’s pledge to stay in Washington matches an earlier one by House Speaker Pelosi, as key stimulus players are set to meet this afternoon.
If its proposal is accepted, the VA plans to offer mortgage relief for up to 60,000 VA loan holders who are struggling financially due to COVID.
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday — though only by the smallest measurable amount. That’s in spite of other markets turning tail during the day
The leaders will need to grapple with state and local aid and Covid-19 lawsuit protections for businesses.
The billionaire investor told CNBC that small businesses have become “collateral damage” in an “economic war.”
The centrist group touted their legislative language as a “gift” to leaders racing to pass more coronavirus relief before Christmas and said they’d keep working on unresolved state aid and Covid-19 lawsuit protection issues.
Today’s mortgage and refinance rates Average mortgage rates inched a little lower last Friday. So they’re now equal to the most recent all-time low. This morning, markets seem in a
Veterans First review showing how Veterans First compares to other lenders for mortgage rates, customer service, and home loan options.
The group will release the text of its stimulus framework on Monday afternoon.
Lawmakers have vowed they won’t go home until the next aid bill passes.
With only days left for Congress to pass another relief bill before the holidays, the West Virginia Democrat said he expects his coalition to release legislative text Monday.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. And they’re now matching their recent all-time low. There are plenty of reasons (the worsening pandemic, Brexit (more below),
Today’s mortgage and refinance rates Average mortgage rates inched down a bit yesterday, returning them to the level of Wednesday’s record low. We may again see lower mortgage rates today.
It’s not always easy to remove your ex from the mortgage, but it’s possible. Here are several strategies you can try.
Lawmakers have been negotiating another relief packing that would push the deficit even higher, but talks may be faltering.
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. But that was a tiny rise off an all-time low. And, this morning, Freddie Mac said its weekly figures
Second home mortgages offer low rates and flexible requirements for qualified buyers. Here’s what to know before getting a vacation home loan.
Current list of government and private relief programs to help homeowners and renters economically affected by COVID-19.
Lawmakers insist they’re making progress, but critical differences remain.
Another 853,000 Americans filed new state unemployment claims last week, far more than what economists were expecting.
Lawmakers are seeking another week to agree on more aid for Americans before the holidays.
Today’s mortgage and refinance rates Average mortgage rates edged lower again yesterday, bringing another fresh all-time low. And conventional loans started out this morning at 3.063% (3.063% APR) for a
Conforming loan limits for 2021 rose more than 7% across the United States. Freddie Mac and Fannie Mae loans now go up to $548K in most counties.
Current FHA loan limits for every U.S. county. Check your local FHA loan limit for 1-unit, 2-unit, 3-unit, and 4-unit homes. Limits start at $350K.
Amid continued partisan sniping and a last minute plan from the White House, there’s no guarantee that the bipartisan effort (or any stimulus) will be passed this month.
It’s not clear whether the proposal includes another round of stimulus checks, which President Trump reportedly supports.
As time runs short for lawmakers to make a deal on virus relief, Schumer says McConnell is “sabotaging good faith, bipartisan negotiations.”
The FHA Streamline Refinance can be a great way to lower your interest rate and monthly payment. But only if you refinance with care. Here’s what to do.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. And conventional loans started out this morning at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. This morning’s outlook
Another round of $1,200 checks would cost about $300 billion, Sen. Dick Durbin (D-Ill.) said Sunday.
More $1,200 checks, state and local aid and Covid-19 liability protections for businesses.
It might be worth refinancing to save $100 per month if you can break even on your closing costs. Here’s how to decide if refinancing is worth it for you.
Today’s mortgage and refinance rates Average mortgage rates inched higher last Friday. And conventional loans started out this morning at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. Early trading
The short-term measure would avert a government shutdown this weekend.
Biden will inherit an economic catastrophe in the making.
It’s a critical week for a scrambling Congress to reach deals on coronavirus relief and the federal budget.
The bipartisan framework already has the support of top Democrats who say it’s a good place to start.
The clock is ticking for lawmakers to pass new relief legislation (not to mention a federal budget) before the end of the year.
Today’s mortgage and refinance rates Average mortgage rates rose yesterday. But only by the smallest measurable amount. And conventional loans today start at 3.063% (3.063% APR) for a 30-year, fixed-rate
Closing costs can often be included in your loan when you refinance. Learn how to roll closing costs into your loan and other strategies to avoid them.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday, likely bringing yet another all-time low. And conventional loans started out this morning at 3.063% (3.063% APR) for a
You want the lowest mortgage rate, but you feel rushed to lock in a loan. Here’s how to shop for the best mortgage or refinance rates if you’re in a hurry.
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday, canceling out Tuesday’s equally small fall. And conventional loans started out this morning at 3.063% (3.063% APR) for a
A $908 billion bipartisan proposal now has the support of Democratic leadership and a number of Republicans, but McConnell is not on board.
Meanwhile, coronavirus stimulus talks are heating up again.
Another 712,000 Americans filed for state jobless benefits last week.
“The need to act is immediate,” Pelosi and Schumer said in a statement.
President-elect Biden has pledged to prioritize more stimulus legislation.
The new GOP proposal does include one more month of supplemental unemployment benefits and an extension of the Paycheck Protection Program.
Today’s mortgage and refinance rates Average mortgage rates inched lower again yesterday. And conventional loans started out this morning at 2.625% (2.625% APR) for a 30-year, fixed-rate mortgage. Yesterday’s fall
Waiving a home inspection could make your offer more competitive. But experts say waiving a home inspection isn’t a good idea. Here’s why.
Here’s everything you need to know about the fate of the next coronavirus relief bill as lawmakers flirt with more rescue legislation.
Last month, Treasury Secretary Mnuchin announced he wouldn’t extend a number of pandemic relief programs at the central bank.
Some centrist lawmakers want $300 weekly unemployment checks, state and local aid, and liability protection for businesses, but the odds of a deal before the new year are still incredibly long.
Today’s mortgage and refinance rates Average mortgage rates inched lower again yesterday. And conventional loans started out this morning at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. I’m expecting
Who pays closing costs? Usually the buyer and seller both do. But as a home buyer there are ways to avoid closing costs or at least reduce them .
The clock is ticking to pass a federal budget before December 11 and a new coronavirus relief bill before key CARES Act programs expire at the end of the year.
The President-elect takes another step towards his promise of an administration that looks like America.
Today’s mortgage and refinance rates Average mortgage rates inched lower again last Friday. And conventional loans started out this morning at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. I’m
AmeriSave review showing how AmeriSave compares to other top mortgage lenders for mortgage rates, customer service, and loan options.
Today’s mortgage and refinance rates Average mortgage rates inched just a hint lower yesterday. And conventional loans today start at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. Last week
Today’s mortgage and refinance rates Average mortgage rates inched lower on Wednesday, as we predicted. And conventional loans started out this morning at 3.063% (3.063% APR) for a 30-year, fixed-rate
It’s not always better to refinance with your current mortgage lender. In fact, there’s a good chance another lender can offer you a lower rate. Here’s why.
Dow Jones reports that the deal would likely be Salesforce’s biggest buy ever, if it happens.
Lawmakers are making progress on the federal budget, but it’s not clear whether any additional coronavirus relief will be included in the package.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday, canceling out Monday’s similar rise. And conventional loans started out this morning at 3.063% (3.063% APR) for a 30-year,
Another 778,000 Americans filed new claims last week.
The only way to change mortgage loan servicers is by refinancing. But you should not refinance solely to get a new servicer. Here’s what to know.
A U.S. regulator said the bank has already corrected the issues it found.
Today’s mortgage and refinance rates Average mortgage rates edged a little higher yesterday, as we predicted. And conventional loans started out this morning at 3.063% (3.063% APR) for a 30-year,
The longer lawmakers delay, the smaller the next aid bill will be, according to analysis from Goldman Sachs.
Find out how much income is needed to afford a $1 million house. The answer will vary based on your credit, down payment, and debts.
Yellen would be the first woman to lead the department.
It’s not clear whether we’ll see another coronavirus relief bill this year.
Today’s mortgage and refinance rates Average mortgage rates edged lower last Friday, as we predicted. And conventional loans started out this morning at 3% (3% APR) for a 30-year, fixed-rate
Delaying the presidential transition puts America’s health, economy, and global reputation at risk, top business leaders say.
It’s possible to get a mortgage with a credit score of 580, or even as low as 500. See our list of the best bad credit mortgage lenders to find your match.
What is a mortgage refinance? How does refinancing work? Learn what it means to refinance your home and the three best reasons to refinance.
Biden has pledged to rejoin the landmark global pact on his first day in office.
Congress broke for the Thanksgiving holiday last week without making any significant progress on the next relief bill.
Today’s mortgage and refinance rates Average mortgage rates fell yesterday, as we predicted. And conventional loans today start at 3.0% (3.0% APR) for a 30-year, fixed-rate mortgage. Mortgage rates have
PNC mortgage review showing how the company compares to other top lenders for mortgage rates, customer service, and loan options.
SunTrust mortgage review showing how the bank compares to other top lenders for mortgage rates, customer service, and loan options.
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. But only by the smallest measurable amount. And conventional loans started out this morning at 3.063% (3.063% APR) for
FHA loans are easier to qualify for than many other mortgages. FHA rates are low, but come with mortgage insurance. See current FHA rates and requirements.
The Fed pushed back on the decision to cancel a handful of facilities, which will now expire on December 31.
Today’s mortgage and refinance rates Average mortgage rates nudged lower again yesterday. And conventional loans started out this morning at 3.0% (3.0% APR) for a 30-year, fixed-rate mortgage. They’re getting
Claims ticked up for the first time since October after falling slowly for weeks.
Investment property mortgage rates are above current market rates. Learn what impacts your rate and how to find the best rental property financing.
Wondering when to refinance your home? Here are 3 trusted ways to evaluate refinance rates and savings to find out if a refinance is worth it for you.
The December 11 deadline is just 23 days away.
And another 4.4 million will have exhausted their benefits before two key programs expire at the end of the year.
Today’s mortgage and refinance rates Average mortgage rates edged lower again yesterday. And conventional loans started out this morning at 3.0% (3.0% APR) for a 30-year, fixed-rate mortgage. These rates
The Wall Street billionaire also voiced his support for expanding the earned income tax credit.
Find out who took gold in JD Power’s 2020 mortgage lender satisfaction study, and learn how to choose a mortgage lender that’s right for you.
Democrats want a larger bill while Republicans want smaller, targeted legislation.
Powell said that despite promising vaccine news, ‘significant challenges and uncertainties’ remain in the near term.
Chains like Walmart, Kroger and Costco are ramping up restrictions.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. And conventional loans started out this morning at 3.0% (3.0% APR) for a 30-year, fixed-rate mortgage. Yesterday’s fall in
Review of Mr. Cooper (formerly Nationstar Mortgage) showing how it compares to other major lenders for mortgage rates, customer service, and loan options.
The economy needs more than just a vaccine for a healthy recovery.
Clayton was nominated by President Trump to lead the securities regulator in 2017.
Today’s mortgage and refinance rates Average mortgage rates fell again last Friday. And conventional loans started out this morning at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. There was
A VA renovation loan lets you buy a fixer-upper with an ultra low interest rate. But these loans are hard to find. Should you look for an alternative?
Congress hasn’t passed comprehensive stimulus legislation since March.
The U.S. continues to shatter records for new coronavirus cases and hospitalizations.
Today’s mortgage and refinance rates Average mortgage rates fell yesterday, as we predicted. And conventional loans today start at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. Mortgage rates have
Today’s mortgage and refinance rates Average mortgage rates fell moderately yesterday. And conventional loans started out this morning at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. Yesterday’s fall was
See the pros and cons of conventional vs. VA vs. FHA refinancing. Compare refinance rates and learn about cash-out options.
Stimulus prospects, PPP changes, tax credits, and more.
“They’re engaged in an absurd circus right now,” the House Speaker said.
The social media giant plans to invest $100 million in community development financial institutions, DealBook first reported Thursday.
Today’s mortgage and refinance rates Average mortgage rates remained unchanged yesterday. And conventional loans started out this morning at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage. Yesterday’s unchanged mortgage
The labor market is improving, but progress is slow.
Learn what Biden’s presidency means for mortgage rates, housing policy, real estate, and renters in the coming years.
Today’s mortgage and refinance rates Average mortgage rates nudged higher yesterday. And conventional loans started out this morning at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage. Yesterday’s rise was
Compare 5/1 ARM rates and 15-year fixed rates. Find out which loan program, 5/1 ARM or 15-Yr FRM, is best in today’s ecomony.
Meanwhile, the White House instructs federal agencies to keep preparing the Trump administration’s budget.
Today’s mortgage and refinance rates Average mortgage rates jumped appreciably yesterday. And conventional loans started out this morning at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage. Although yesterday’s rise
Target has seen its sales surge during the pandemic.
How much house you can afford on $70K a year also depends on your credit, down payment, debt, and mortgage rate. Discover your purchasing power today.
Investors cheered the long-awaited good news, but we’re not out of the woods yet.
Manufactured home loans are a bit tougher to find in today’s market. But they do exist, and financing terms might be simpler than you imagine.
Stocks surged on Monday after Pfizer announced promising results for its coronavirus vaccine candidate.
Frozen fish, vegetables, tobacco, leather goods, wine, and a spate of other American goods could be subject to the new taxes.
Today’s mortgage and refinance rates Average mortgage rates inched higher last Friday. And conventional loans started out this morning at 2.625% (2.625% APR) for a 30-year, fixed-rate mortgage. The blockbuster
Most people cannot use unemployment income to qualify for a home loan or refinance. But you might be able to qualify very soon after going back to work.
With coronavirus surging to record levels in the United States, Biden is expected to focus on relief legislation and infrastructure before rolling back Trump’s trade war tariffs.
The next Covid-19 relief bill is likely to be smaller and it may not pass until next year.
CEOs are hoping for more quiet and stability under Biden.
Today’s mortgage and refinance rates Welcome to the new weekend edition of our rates report and forecast. Average mortgage rates inched higher yesterday. And conventional loans today start at 2.625%
Review of New American Funding showing how the company compares to other top lenders. Includes mortgage rates, service, complaints, operations, and products offered. New American Funding Mortgage Lender Review.
Mortgage insurance (either PMI or MIP) adds yet another cost to homeownership. Learn how to get rid of mortgage insurance faster with a refinance.
Pelosi calls lawmakers back to the table and McConnell says he’s willing, but that’s no guarantee.
Today’s mortgage and refinance rates For a second consecutive day, average mortgage rates fell appreciably yesterday. And conventional loans today start at 2.625% (2.625% APR) for a 30-year, fixed-rate mortgage.
With Covid-19 cases on the rise and cooler weather ahead, many restaurants and leisure businesses are facing an uncertain future.
Learn about first time home buyer loans with as little as 3% or even 0% down. Plus, down payment assistance programs that minimize your out of pocket costs.
The VA cash-out refinance lets you refinance up to 100% of your home’s value, cash-out equity, and lock in a lower interest rate on your new loan.
The Federal Reserve left rates at zero amid the ongoing economic damage caused by the coronavirus.
The Federal Reserve is the central banker of the USA. How “the Fed” works, what it actually does, and how it affects everyday U.S. mortgage rates.
Today’s mortgage and refinance rates Average mortgage rates fell appreciably yesterday. And conventional loans today start at 3.125% (3.125% APR) for a 30-year, fixed-rate mortgage. Yesterday’s fall means that mortgage
Weekly jobless claims fell only sightly last week as the labor market’s recovery stalls.
USDA loans allow zero down payment and have lenient requirements. Plus, USDA loan rates are below average. See if you qualify for a USDA mortgage.
The Senate Majority Leader also said there’s a “possibility” the bill would include more aid to state and local governments.
Today’s mortgage and refinance rates Average mortgage rates nudged higher yesterday. And conventional loans today start at 2.625% (2.625% APR) for a 30-year, fixed-rate mortgage. If you compare mortgage rates
An asset depletion mortgage lets you qualify based on your liquid assets rather than regular income. Learn how asset depletion loans work here.
“We’re not going to have major economic initiatives, absent a crisis.”
Cannabis shares will rally on a Biden win and prison stocks will likely plummet.
It all depends on four Sun Belt states.
Coronavirus cases are surging and there’s no more stimulus in sight.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. In recent months, that’s been the most common sentence beginning these updates. And conventional loans today start at 3.188%
The fintech arm of Chinese e-commerce giant Alibaba was planning to raise $34.5 billion in what would be the biggest public listing ever.
In today’s market, it’s common for buyers to offer above the asking price on a home. But how much over asking price is too much? Find out here.
Mortgage rates shot up after the 2016 election. But will they do the same in 2020? See our mortgage rate forecast and historical perspective here.
Biden has said he’ll send more aid to states and localities, but Trump and Senate Republicans are wary of doing the same.
Today’s mortgage and refinance rates Average mortgage rates inched higher last Friday. They ended the week lower than they started it. But only just. And conventional loans today start at
Demand is cratering amid fears of new coronavirus lockdown measures.
Jumbo mortgage rates are low, good news for those who need larger loans. Here’s why jumbo rates are low and how to get one.
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. But only by the smallest measurable amount. And conventional loans today start at 3.125% (3.125% APR) for a 30-year,
Popular government mortgage relief programs like HARP and FMERR have ended. But there’s one mortgage relief refinance left. Find out if you qualify.
The House Speaker said she still hasn’t heard from the Trump administration regarding a national Covid-19 testing and tracing plan.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. And conventional loans today start at 3.125% (3.125% APR) for a 30-year, fixed-rate mortgage. Each of the successive falls
Here’s why the staggering 33.1% growth in the third quarter is misleading.
Preliminary GDP data showed the economy grew 7.4% in the third quarter, but there’s still a long road to recovery ahead.
With coronavirus cases surging, the Dow has fallen more than 1,500 points since Friday’s close.
It’s now extremely unlikely that another aid bill will pass before the election.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. And conventional loans today start at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage. Mortgage rates would be lower
Figure review showing how the company compares to other major lenders for mortgage rates, customer service, and loan options.
Senate Republicans Monday confirmed Judge Amy Coney Barrett to the Supreme Court and then left town.
Today’s mortgage and refinance rates Average mortgage rates nudged modestly lower yesterday. And conventional loans today start at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage. We warned not to
Most experts say: Don’t use your 401(k) to pay off a mortgage. Luckily, you don’t have to. There are plenty of other ways to pay off your mortgage early.
House Speaker Nancy Pelosi said Monday that the White House “refuses” to accept the Democrats’ national testing and tracing plan.
Eligible caregivers now have until November 21 to claim the supplement.
The fintech arm of e-commerce giant Alibaba will be valued at $313 billion.
Today’s mortgage and refinance rates Average mortgage rates inched higher last Friday, but only by the smallest measurable amount. And conventional loans today start at 3.188% (3.188% APR) for a
10-year mortgage rates are lower than 30- and 15-year rates. But payments are much higher. Find out: Are 10-year mortgage rates worth it for you?
Murkowski and Collins broke ranks to vote with Democrats.
Santa Claus performers would have received early access to the coronavirus vaccine in exchange for promoting its benefits. Elves and Mrs. Claus were included, too.
Accepting a bill without adequate language on coronavirus testing and tracing would be “official malfeasance,” the Speaker said.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. And conventional loans today start at 3.125% (3.125% APR) for a 30-year, fixed-rate mortgage. Does it feel as if
The VA funding fee sustains the zero-down VA loan program for service members and veterans. See current funding fees and find out who is exempt.
We name the 9 best online mortgage lenders and review their offerings, service, flexibility, fees and rates. Essential reading for online borrowers.
CEO David Solomon, along with three other execs, will take a pay cut while others will repay their earnings.
Any deal the House Speaker makes with the White House won’t become law unless at least some Republicans come on board.
New claims dropped slightly to 787,000 last week, but that’s still higher than the pre-pandemic record.
Today’s mortgage and refinance rates Average mortgage rates edged higher yesterday. And conventional loans today start at 3.125% (3.125% APR) for a 30-year, fixed-rate mortgage. Yesterday’s rise was mostly down
VA home loan benefits are unmatched by other mortgage programs. See VA loan requirements, benefits, and interest rates here.
If you want to build your own home, you’ll likely need a construction loan. Learn how construction loans work and why they’re different from mortgages.
House Speaker Pelosi said that the next aid bill needs to be drafted by the end of the week for coronavirus relief to reach Americans before Election Day, but time isn’t the only barrier.
Even as Senate Majority Leader McConnell warns the White House to pause, Pelosi expresses heightened optimism.
McConnell warned the White House against a deal, but Pelosi and Mnuchin are still talking.
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. But only by the smallest measurable amount. And conventional loans today start at 3.125% (3.125% APR) for a 30-year,
If you can make lenders compete for your mortgage, you can lower your interest rate and get the best deal on your home loan and closing costs. Here’s how.
With the election just two weeks away and no stimulus deal in sight, lawmakers in Washington are pointing fingers and shifting blame.
The White House has “come a long way” on testing and tracing language, Pelosi said, but major disagreements still remain amid “mixed messages” from President Trump and Senate Republicans.
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. And conventional loans today start at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. Markets drooped during yesterday as
Here are 16 questions to ask a mortgage lender that will ensure you get the right loan type, lowest mortgage rate, and best overall deal on your home loan.
Pelosi’s deadline for an agreement with the White House is Tuesday evening. But that deal won’t ever become law without Republican support.
Uncertainty surrounding the virus means that experts are still pessimistic about the course of economic recovery.
Today’s mortgage and refinance rates Average mortgage rates inched higher last Friday, as we predicted. And conventional loans today start at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. Current
Retail sales and industrial production are now fueling the recovery.
After exiting mortgage forbearance, it’s possible to refinance for a lower interest rate and monthly payment. But there are special rules to be aware of.
Meanwhile, the GOP is preparing to vote on two relief bills of its own.
Today’s mortgage and refinance rates Average mortgage rates edged lower again yesterday. And conventional loans today start at 3.125% (3.125% APR) for a 30-year, fixed-rate mortgage. Yesterday’s suggestion from Freddie
Considering making the jump from renter to homeowner? This first time home buyer guide tells you what you need to know.
No matter what the president wants, the next coronavirus aid bill isn’t going anywhere if Senate Republicans don’t buy in.
Meanwhile, Treasury Secretary Steven Mnuchin says he’s prepared to concede to Democrats on testing and tracing provisions.
It pays to shop around when you refinance. Learn about the eight best mortgage refinance companies and find out which one’s right for you.
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday, as the hours in markets unfolded much as we’d predicted. And conventional loans today start at 2.75% (2.75% APR)
The Wall Street giant’s profit rose more than 20% from the same period last year.
Lawmakers in Washington still haven’t agreed on another economic stimulus bill.
Disney laid off 28,000 employees at the end of September, but before the pandemic spent billions on executive compensation, stock buybacks and dividend payments.
“At this point getting something done before the election and executing on [it] would be difficult.”
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. And conventional loans today start at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage. Absent startling developments during the
VA loan rates are typically the lowest on the market, even below FHA or conventional mortgage rates. Find out if you qualify for a low-rate VA loan.
Shares fell more than 2% in premarket trading.
“That isn’t what we’re going to do,” the House Speaker told CNN.
The new decision from the World Trade Organization is related to an ongoing trade dispute between Europe and the United States over subsidies to aircraft manufacturers.
It’s not clear whether the new plan includes another round of $1,200 stimulus checks. The last “skinny” offering from the GOP did not.
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. And conventional loans today start at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage. Yesterday’s rates being unchanged was
The carrier reported a dismal quarter as its president warned that a recovery may take “two years or more.”
The Wall Street giant beat revenue expectations in the third quarter after agreeing last week to pay a $400 million penalty to regulators.
The median U.S. home price hit a record high during coronavirus. But thanks to low rates, home buying is still affordable for many.
Financial Independence Retire Early (FIRE) requires you to reduce debts and save most of your income. But home buying with a mortgage is still possible.
Lawmakers have struggled for months to agree on the next federal aid bill, and there’s no indication that Barrett’s swift confirmation would result in another round of stimulus.
Today’s mortgage and refinance rates Average mortgage rates nudged higher last Friday. And conventional loans today start at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage. That Friday rise was
The federal judge will face tough questions on abortion, Obamacare, the 2020 election, and more.
“The all-or-nothing approach is an unacceptable response to the American people,” Treasury Secretary Steven Mnuchin and White House chief of staff Mark Meadows wrote.
But House Speaker Nancy Pelosi says the White House’s offer is “grossly inadequate.”
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday for the third consecutive day. But there’s a good chance your lender will not have changed its rate card
The FHA 203k loan is a “home construction” loan available in all 50 states. The major benefits, plus some things to watch out for.
You can use cash out refinance funds for anything. But some uses are smarter than others. Find out if a cash-out refi is a good idea for you.
The carrier furloughed 19,000 employees when the first coronavirus bailout package ran out on October 1.
This week, the president has veered wildly in his statements about the status of coronavirus aid negotiations.
Today’s mortgage and refinance rates Average mortgage rates inched lower again yesterday. And conventional loans today start at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage. The last two days’
Should you use a conventional loan? Learn about conventional mortgage rates and requirements and find out if you qualify for one.
Another 840,000 people filed for benefits last week.
Trump’s policies would boost the national debt by $4.95 trillion over ten years, a new report finds. Biden’s would add $5.6 trillion.
All he has ever wanted…is to send out a check with his name printed on it,” Pelosi said.
Shares of United climbed 4.6% in premarket trading.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. And conventional loans today start at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage. A fall looked unlikely yesterday
Review of Navy Federal Credit Union mortgages showing how the company compares to other to lenders for mortgage rates, loan options, and customer service.
30-year mortgage rates chart with average 30-year rates since 1972. Rates have been dropping, but can they go lower still? Find out here.
President Trump just blew off a second round of $1,200 stimulus checks, enhanced unemployment checks, additional PPP funding, state and local aid and more.
The Federal Reserve Chairman said the risks of “overdoing it” on economic support are low, but too little support from fiscal policy makers would cause “unnecessary hardship.”
Plus, why the original $3.4 trillion Heroes Act could make a reappearance.
Today’s mortgage and refinance rates Average mortgage rates rose yesterday. It was the third day of similarly sized movements: up, down, back up. And conventional loans today start at 2.75%
Mortgage alternatives, like seller financing, lease-purchase, and contract-for-deed, are risky. And you might qualify for a mortgage without them.
Speaker Pelosi has been adamantly opposed to multiple relief bills, but last week said she would support standalone relief for the airline industry.
Today’s mortgage and refinance rates Average mortgage rates fell last Friday. And that all but wiped out Thursday’s rise. So they ended the week very slightly lower than they started
Many people can easily buy a house on a $100K salary. However, your home buying budget will vary depending on your credit score, DTI, and down payment.
The reclosure plan, set to take effect in nine ZIP codes on Wednesday, still needs to be approved by the state.
“WORK TOGETHER AND GET IT DONE,” Trump tweeted Saturday.
Citing “imminent” relief, the House Speaker urged major carriers to put tens of thousands of planned job cuts on hold this week as relief legislation advances in Washington.
Trump’s diagnosis “changes the dynamic,” the House Speaker said.
Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday. We had warned that a rise might be on the cards. This morning, a fall looks more likely. And
The VA IRRRL or “VA Streamline Refinance” is an easy way to lower the rate and payment on your VA loan. See today’s VA IRRRL rates and rules.
Investors are headed for a volatile few weeks ahead of the election.
The plan needs at least some Republican support to become law, and the GOP isn’t on board. Meanwhile, Democrats and the Trump administration continue last-ditch talks for a deal.
The chances of an agreement before the election on the next round of federal coronavirus aid appeared to dwindle on Thursday afternoon.
Home improvement or renovation loans can save you money and get you exactly what you want. Here are the top ways you can finance your upgrades.
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. So that’s a nine-business-day run since the last rise. And conventional loans today start at 2.75% (2.75% APR) for
Today is a critical deadline for lawmakers to reach an agreement before the election on the next round of federal coronavirus aid. Here’s everything you need to know.
Another 837,000 people filed for unemployment last week.
Treasury Secretary Steven Mnuchin met with House Speaker Nancy Pelosi to deliver the Trump Administration’s new counter-offer.
The Treasury Secretary said he expects to counter a $2.2 trillion proposal from Democrats with something similar to the $1.5 trillion plan set out by a bipartisan caucus earlier this month.
Today’s mortgage and refinance rates Average mortgage rates inched lower yet again yesterday. That’s more than a week of consecutive falls. And conventional loans today start at 2.75% (2.75% APR)
A cash-out refinance lets you turn your home equity into cash and lock in a low mortgage rate at the same time. Learn how cash-out refinancing works here.
More help for small business, $600 weekly unemployment benefits, and more state and local aid are all on the line.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. That was the fifth business day running on which rates have fallen — albeit minutely. And conventional loans today
It’s possible to buy a house with a 600 credit score, as long as you meet other mortgage requirements. Learn about 600 credit score home loans here.
Pelosi says she’s still ‘optimistic’ about a deal, but the clock is ticking.
Today’s mortgage and refinance rates Average mortgage rates edged lower again last Friday. That was the fourth consecutive day of modest falls. And conventional loans today start at 2.75% (2.725%
We ranked 2019’s top 24 lenders to find out who has the best refinance rates, best cash-out refinance rates, and lowest refinance closing costs.
Review of Quicken Loans showing how the company compares to other top lenders. Includes mortgage rates, service, complaints, operations and products offered.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. Contrary to Freddie Mac’s weekly survey, we reckon they were the same last evening as they were a week
Rocket Mortgage review showing how Rocket compares for mortgage rates, home loan products offered, and customer service reviews.
Today’s mortgage and refinance rates Average mortgage rates inched lower again yesterday. But the move was so small it was barely perceptible. And conventional loans today start at 2.875% (2.875%
Millions of CARES Act mortgage forbearance plans are set to end in September and October Should you extend your forbearance plan or exit?
The 9 best mortgage lenders for Below are the nine best mortgage lenders this year. We selected these companies based on their customer service, expertise, selection of loan products, and
It’s possible to use your 401(k) for a down payment when buying a home. But it’s not always best. Learn how a 401(k) loan works and other options.
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday, underscoring the disconnection between those and other markets. And conventional loans today start at 2.875% (2.875% APR) for a
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday amid difficult markets. And conventional loans today start at 2.875% (2.875% APR) for a 30-year, fixed-rate mortgage. Current mortgage
Mortgage brokers help you find the best home loan for your needs. Learn about the pros of working with a mortgage broker and how to find the right one .
Today’s mortgage and refinance rates Average mortgage rates edged higher last Friday. So they ended the week just a little higher than they started it. But probably not by enough
Refinance rates are near an all time low, and 2.5 million homeowners stand to save $500 per month or more by refinancing. Find out if that includes you.
NBKC mortgage review showing how the company compares with other top lenders for mortgage rates, customer service, and loan products.
Review of US Bank Mortgage showing how the company compares to other top lenders for mortgage rates, service, complaints, and loan products.
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. Assuming you’re not affected by the surcharge on certain Fannie Mae and Freddie Mac refinances, yours may have changed
Refinance applicants can reduce their costs by avoiding mistakes during the application process. This is the best way to refinance.
The bill, expected to be released in the House of Representatives today, will fund the federal government past the September 30 end of this fiscal year.
Mortgage rates are holding low and everyone is predicting low rates through 2020. But what will interest rates do next? Advice, predictions, and your next steps.
President Trump took Washington by surprise on Wednesday by pushing Republicans to accept a larger package.
Review of the best VA loan lenders, including VA rates, customer service ratings, and minimum credit scores. Find the best VA lender for you.
Today’s mortgage and refinance rates Average mortgage rates inched up yesterday by the smallest measurable amount. There’s a good chance your lender didn’t bother to change yours. And conventional loans
860,000 people filed for temporary benefits for the week ending September 12, down from 884,000 the week before.
Since May, Democrats, the White House and Republicans have all supported another round of $1,200 checks, but Senate Republicans’ latest stimulus plan didn’t include the popular benefit.
Latino households reported serious concerns at double the rate of white households.
Today’s mortgage and refinance rates Average mortgage rates soared yesterday. But the chances are yours moved much less sharply. Read on to understand this paradox. Meanwhile, conventional loans today start
The president has repeatedly claimed that a vaccine could be ready before election day, but that isn’t likely to happen.
Guild Mortgage Review showing how the company compares to other top lenders for mortgage rates, customer service, and loan options.
Automatic stabilizers are a favorite idea of policy wonks and economists, but they usually draw less enthusiasm from politicians.
“We are committed to staying here until we have an agreement.”
Today’s mortgage and refinance rates Average mortgage rates yesterday inched up by the smallest measurable amount. But they’re still comfortably close to the all-time low. And conventional loans today start
Does it matter who your mortgage servicing company is? Learn what mortgage loan servicers do and when you’ll interact with yours.
The plan includes more $1,200 payments, $450 to $600 federal unemployment benefits, and $500 billion in new state and local aid, but the $1.5 trillion compromise is still a long shot in Washington.
“We all want to have an agreement,” Pelosi said Monday, “but it has to be real.”
The Fed adjourns from a 2-day meeting Wednesday. The group doesn’t set mortgage rates but it can influence them. How this week’s meeting could affect your refinance and purchase mortgage rate.
Airlines are facing a cash crisis thanks to plummeting demand during the coronavirus pandemic.
Today’s mortgage and refinance rates Average mortgage rates nudged lower last Friday. So they remain within the uberlow range and within striking distance of the all-time low. Conventional loans today
“Now is not the time to worry about shrinking the deficit or shrinking the Fed balance sheet,” the Treasury Secretary said Monday.
Climate change is putting millions of homes at risk. Use these climate change maps and expert advice to help inform your next home buying decision.
The country’s leading expert on infectious disease described the current data on coronavirus in the U.S. as “disturbing.”
Certain mortgage programs are designed to get lower credit applicants into homes. Find out which programs you should target as a home buyer with a low score.
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. But they remain close to the all-time low set last month. Conventional loans today start at 2.75% (2.75% APR)
FEMA is telling states the benefits will only last six weeks.
Stimulus checks, more unemployment benefits, and money for state and local governments all hang in the balance.
Current CEO Michael Corbat will retire in February, clearing way for Citi’s head of retail banking to advance.
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. So they remain within striking distance of the all-time low. Conventional loans today start at 2.75% (2.75% APR) for
When you’re buying a home or refinancing one, good credit scores get you access to lower mortgage rates plus a wider selection of loan products.
Lawmakers in Washington still haven’t agreed on a bill to extend federal unemployment benefits from the CARES Act.
Today’s mortgage and refinance rates Average mortgage rates fell modestly yesterday. And, after a couple of days of rises, that was good news. A new all-time low could be days
Learn how mortgage rates are determined, what causes lenders to offer you a higher or lower rate, and why mortgage rates rise and fall daily.
Democrats have already rejected the proposal.
The fitness giant is up 200% since the pandemic began.
Today’s mortgage and refinance rates Average mortgage rates rose quite sharply last Friday, a possibility of which we warned that morning. Good employment data were behind the rise. Conventional loans
We asked 10 housing and finance experts for their mortgage rate predictions and housing forecasts for late-2020. Here’s what they said.
It’s the latest attempt by the president to slash federal support to cities and states controlled by Democrats.
The growth was due to strong demand for medical supplies and electronics.
Before that can happen, lawmakers need to break a weeks-long stalemate and agree on a new coronavirus relief bill.
13.6 million people are now unemployed. Despite modest gains over the summer, the job market has a long way to go.
Fairway Mortgage Review showing how the company compares to other top lenders for mortgage rates, customer service, and loan options.
Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.
The unemployment rate fell to 8.4% from 10.2% in July.
A new study from the Pew Research Center found that across 14 countries, a median of more than two-thirds of people rated their country’s economic situation negatively.
“Republicans may call their proposal ‘skinny,’ but it would be more appropriate to call it ‘emaciated.’”
The FHA cash out refinance is available to more homeowners thanks to lenient guidelines. Pay off debt, or get cash for any reason with this program.
Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.
Claims dipped below one million, but there’s a caveat: the Labor Department made a big change to how it adjusts the data.
Massive government relief efforts to combat the coronavirus recession have pushed the national budget deficit to $3.3 trillion.
The controversial program started this week without much buy-in from major private companies.
Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.
Many families want to buy a bigger house to support work from home and remote learning. Does buying a house during COVID make sense for you?
The CDC will use its authority to keep certain renters in their homes until the end of the year, but they will still owe missed rent.
Negotiations over the next stimulus bill in Washington have come to a standstill, and Bridgewater expects a major drawdown without additional relief.
With coronavirus aid negotiations at a standstill, the Treasury Secretary pushes for another bipartisan bill.
Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.
The Federal Reserve has a new policy to keep inflation and employment on target. And, it could keep mortgage interest rates low for a long time. Here’s why.
The central bank unveiled a major policy change last week.
Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.
Learn how to buy a house with a 700 credit score, including the best mortgage types and tips to get the lowest mortgage rate.
The offer is $900 billion less than the compromise Democrats have proposed.
Like airlines and hotels, the casino industry has struggled to recover during the coronavirus pandemic.
Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.
Fannie Mae and Freddie Mac’s 0.5% refinance fee is delayed until December 1. But to avoid the fee and higher refinance rates, you need to apply sooner than that.
The White House is “just going to have to come up with more money,” the House Speaker said.
As a first-time home buyer, you may not have the work experience of a seasoned purchaser, but that doesn’t have to affect your ability to get mortgage loan-approved.
Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.
With interest rates at rock-bottom, the Fed wants to get out of the way of economic recovery.
Even the most powerful people in the world have to cancel meetings because of Covid-19.
Coronavirus relief negotiations ground to a halt at the end of July after top lawmakers were unable to come to an agreement. Politicians are still playing the blame game.
Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.
You’re allowed to use investment income for mortgage qualification. Lenders will accept two forms: dividends and interest. Here’s how to qualify based on investment income.
The charges are related to a years-long federal investigation into price fixing by generic drug makers.
Sepehr Sarshar, the founder and former CEO of Auspex Pharmaceuticals, allegedly helped his friends and family rake in more than $700 million in illegal profits by tipping them off to the sale before it happened.
It’s not clear if there will be any more federal stimulus money for airlines from Washington.
The fintech giant, which operates China’s largest payments platform, is preparing for what could be one of the biggest IPOs in years after raking in $3.2 billion in profit in the first half of the year.
The low-doc streamline refinance is a faster way to lower your rate on an FHA, VA, or USDA loan. Why aren’t more homeowners using it?
Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.
More than 25 states have been approved for the Lost Wages Assistance program, but researchers from Goldman predict that the consumer economy won’t see any significant benefits from the new supplement until September.
Researchers reported what they say is the first confirmed case of coronavirus reinfection.
You’re allowed to pay extra on your mortgage to pay it off early. Here are three strategies to pay off your mortgage early if you have extra cash.
Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.
Many see the housing market’s performance as a sign the economy is on the right track, but the recovery isn’t being felt by all Americans.
Which states are approved, which states are paying extra, and which states have opted out.
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