Check Your Credit Before Buying a House


If you earn enough to qualify for a mortgage and you’re ready for homeownership, you might be eager to begin the process of buying your own property. However, it takes more than income and desire to purchase a home. You must also meet a lender’s credit guidelines. Yet, some people never check their credit before […]

Current Mortgage Rates for Thursday, February 26, 2015

mortgage rates

Mortgage backed securities were basically flat yesterday, holding onto the gains we saw on Tuesday afternoon following Janet Yellen’s testimony before the Senate.  Yellen’s testimony before the House more or less mirrored her comments to the Senate and were largely a non-factor. Mortgage rates were approximately flat yesterday.  This morning MBS have been choppy following […]

4 Things that Are Hard to Move


Fact: moving is hard. Shifting the contents of your entire household into a truck and then into a new house takes time and patience—not exactly the kind of things you have a lot of when you’re trying to live your life. Some of the items in your house, though, are harder to move than others. Here […]

Current Mortgage Rates for Wednesday, February 25, 2015


Yesterday mortgage backed securities rallied significantly following Janet Yellen’s testimony to the Senate.  As a result, mortgage rates improved significantly.  MBS have now recouped about half of the losses incurred since the beginning of the month.  According to Zillow, the average rate on a 30-year fixed-rate mortgage is now at 3.76%, up from 3.67% the […]

Buying a Private Island: Worth It?


Living on your own island is one of those ideas that seems really cool in theory. There’s the privacy, the solitude, the megalomaniacal self-satisfaction. It’s not just something that works in theory, either.  A long list of bold-faced names (Tyler Perry, Johnny Depp, Leonardo DiCaprio, Beyonce and Jay Z, etc.) have succeeded in making an […]

Current Mortgage Rates for Tuesday, February 24, 2015


Yesterday mortgage backed securities rose in the morning, and then ground sideways for the remainder of the day.  Mortgage rates were slightly improved on the day.  This morning bonds are in the red, perhaps as a result of the approval of the extension of Greece’s bailout, but the big story of the day is going […]

Current Mortgage Rates for Monday, February 23, 2015


Last week mortgage backed securities sold off, and mortgage rates were up on the week.  Freddie Mac’s Primary Mortgage Market Survey (which is more reflective of conditions early in the week than the week as a whole) showed the average rate on a 30-year fixed-rate mortgage rose from 3.69% to 3.76%.  Bonds were down into […]

Why You Shouldn’t Put More Than 20% Down


If you have good credit, most mortgage lenders aren’t going to require a 20 percent down payment. Today, you can get a mortgage with as little as a three percent to five percent down payment, which puts homeownership within reach for many. However, if you have a huge bankroll, you might consider putting down 20 […]