What to know about APR & Mortgage Fees

An illustration around the word mortgage with lots of different terms such as rates, interest, home, refinance, house, charges, loan, purcahse, taxes, bank, lender, debt, payments, finance, amortization and a lot more.

Mortgage terms can be confusing. But when you break them down into digestible pieces of information, they actually make sense. And the more informed you are, the greater the chance you’ll make a wise home-buying decision. One term guilty of constantly confounding hapless homebuyers is APR. It stands for Annual Percentage Rate, and can be […]

Current Mortgage Rates for Monday, August 3, 2015


Bonds gained a lot of ground on Friday morning after some disappointing information on wages was published, and to my surprise, the rally held up throughout the end of the day.  This morning we’re holding our ground, and mortgage rates are falling slightly.  According to Freddie Mac’s Primary Mortgage Market Survey, the average rate on […]

Mortgage Rates Roundup for Saturday, August 1, 2015

Percentage sign resting on a finger

Amid weak housing data, and an increase in government bond yields, mortgage rates dropped slightly for the second straight week. The Federal Reserve: On Wednesday, the Federal Open Market Committee issued their statement on monetary policy. As expected, they made no major changes to their previous position, and there was no clear indication about when rates might […]

Current Mortgage Rates for Friday, July 31, 2015

Falling lower rates

Generally speaking, mortgage rates have been relatively flat this week.  Some of the external factors that had been pushing bond prices around (the turmoil in the Chinese stock market, the debt problems in Greece) have diminished, and this week’s domestic economic data has come in more or less as anticipated.  As a result, Treasuries and […]

Almost There: Little Credit Score Tweaks to Get the Score You Need for a Mortgage

increase credit

Different mortgage types require different credit scores—and whether you’re just a few points shy of the 580 needed for an FHA loan or the 620 a traditional Fannie Mae mortgage requires, those few points really matter. If 5-10 credit score points are keeping you from getting the home of your dreams, then following these speedy […]

Starter Home, or Dream Home?


If you’re like most first-time homebuyers, you have a long list of must-haves and a tight budget. But while it can be tempting to hold out for a house that has everything you want (even if it comes at a price), there’s a lot to be said for the starter home. Here are a few […]

Current Mortgage Rates for Wednesday, July 29, 2015

mortgage interest rates

All in all, yesterday was a pretty blah day.  Bonds lost ground to start the day, then recouped most of the lost ground in the morning, and closed the day only somewhat lower than Monday’s close.  Mortgage rates were effectively unchanged.  Yesterday’s domestic economic data was softer than expected, but it’s mostly outside influences that […]