There is a fixed rate mortgage loan for every budget. Often people are renting their homes because they feel they cannot afford to buy a home, which isn’t true. If you can afford a rent payment every month, then you can afford to take out a mortgage and buy a home. One of the most [...]

Mortgage rates are rising due to more demand for mortgage products. Even though the Federal Reserve has tried to influence the home mortgage industry by leveraging the discount points charged to lenders, its not a one-to-one relationship. Mortgage rates are more susceptible to supply and demand of the actual mortgage products and competition between lenders, [...]

With all the hoopla about the overload of inventory in most states (due to foreclosures), and the dropping of interest rates by the Federal Reserve, you may be wondering why mortgage rates haven risen in the past year over all. The mortgage industry is not the same as the banking and the housing industry. They [...]

There are many advantages to borrowing with a 15 year fixed mortgage rate. Securing a loan with a 15 year fixed mortgage rate is the best option for many borrowers because the amount of interest paid over the term of the loan is about half of that with a 30 year mortgage with the same [...]

Homeowners often keep their mortgages 5 to 10 years and then refinance their loan to lock into a lower interest rate. By refinancing for a lower interest rate they can save many thousands of dollars over the course of their loan. Many people bought homes when the interest rate was a lot higher than it [...]