You’ve probably read articles or saw on the news about mortgage rates being at “historically low levels.” This news may have even caused you to act, calling up your mortgage lender and checking out a couple of other lenders. The mortgage rates that lenders are quoting you are low, but not as low as you expected. Find out why the rates you’re hearing about and the rates you are receiving as quotes don’t quite match.
Posts Tagged ‘mortgage rate’
Mortgage Rates: Why What You See Is Not What You Get
November 10, 2011New Realities of Mortgage Refinancing (Part 2)
September 28, 2011In part one of this series, we discussed some of the new realities of mortgage refinancing in an interview with Quicken Loans Vice President and mortgage industry veteran, Stephen Luigi Piazza. The discussion continues here in part two, with more tips and trends that homeowners should know about if they want to refinance their mortgage today.
New Realities of Mortgage Refinancing (Part 1)
September 21, 2011With mortgage rates at record lows, many homeowners are looking to refinance their mortgages to save money on their monthly payments and/or pay off their mortgages faster. But what do people need to expect if they want to refinance? Is it still possible to get a home loan? Do you need a perfect credit score? What does it take to qualify, and what options do borrowers have for structuring their new loans?
6 Steps to Prepare for Debt Ceiling Fallout
July 25, 2011The economics and politics of the most recent financial crisis – hitting the financial debt ceiling – will make your head hurt. However, following a few simple steps can bulletproof your personal finances from significant debt ceiling fallout.
3 Ways to Lower Your Mortgage Rate
March 3, 2011If you’re planning to buy a new home, there are a few things you can do to save yourself a bundle of money before even walking into your first open house. By positioning yourself to get the lowest interest rate on your home loan, you can save thousands of dollars over the life of the mortgage. We show you how to do it.
5 Tips to Get Your Financial Life Ready for the New Year (Part 2)
December 14, 2010In part one of this article, we looked at some key “to do” items to get your financial house in order in time for the new year. In addition to monitoring your credit, debts and savings, there are also some smart moves you can make to save on 2010 taxes and improve your long-term cash flow by re-thinking your home loan.
Fed: Recovery Slow, Short-Term Rates to Remain Low
August 10, 2010Our smart friends at the Federal Reserve announced today that they will once again hold its Fed funds rate at the 0 percent to 0.25 percent range. The following is an official press release from the Fed regarding its decision today and a translation (for the rest of us) from our Chief Quizzologist.
3 Ways to Avoid Foreclosure
March 2, 2010By: Jenny Zhang With a national unemployment rate hovering around 10 percent and property values still down, many Americans are struggling to make their monthly mortgage payments. What’s worse is there’s a widespread belief that foreclosure is a way out. The reality is that foreclosure can significantly affect your credit score, prevent you from qualifying [...]
Fed Leaves Key Rate Unchanged, Sees Signs of Economic Improvement
September 23, 2009The Federal Open Market Committee, aka the “Fed,” announced today that it will keep its fed funds rate at the 0% to 0.25% target range. The fed funds rate is the rate at which banks loan money to one another and may impact the interest rates on your credit cards, savings accounts, short-term loans (like [...]
