Current Mortgage Rates for Thursday, May 28, 2015

Refinance_SplashPage

+-*Yesterday mortgage bonds rallied for a second consecutive day, leading to an improvement in mortgage rates.  Outside of a 7-year Treasury note auction this afternoon, there aren’t many other market events today.  There’s the continued influence of the Greek debt conflagration, but I think at this point people are tired of the seeming lack of […]

5 Home Projects You Should Never DIY

DIY-gone-wrong

+-*With the answers to all the DIY questions in the world just a Google search away, it can be easy to think that a couple hours’ research makes you a pro. But there are plenty of home improvement projects that just aren’t worth the danger, no matter how much you might save. Here are 5 […]

Current Mortgage Rates for Wednesday, May 27, 2015

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+-*Mortgage bonds rallied yesterday, and mortgage rates improved.  We’re finally beginning to see some stability in bonds after approximately a month of volatility during which we saw the average rate on a 30-year fixed-rate mortgage rise by about twenty basis points (according to Freddie Mac’s Primary Mortgage Market Survey).  Prior to the beginning of May, […]

3 Reasons for Rejection After Preapproval for Mortgage

+-*Between higher credit score and down payment requirements, getting a mortgage has become more challenging in recent years. Therefore, finding out you’re pre­approved for a mortgage might be the best news you’ve heard all year. A pre­approval involves a mortgage lender reviewing your income, credit and debt to determine whether you qualify for a mortgage […]

Current Mortgage Rates for Tuesday, May 26, 2015

why-use-a-mortgage-payment-calculator

+-*Last week mortgage rates stabilized after approximately four weeks of bond market volatility that saw the average rate on a 30-year fixed-rate loan rise from 3.65% to 3.85%, according to Freddie Mac’s Primary Mortgage Market Survey.  Generally speaking, the domestic economic data has been softer than expected over the past month, so the rise in […]

How Does Student Debt Impact Your Mortgage?

debt

+-*Let’s say you’re a recent college grad. You’ve landed your first real job (or maybe you’ve been working it for a while already) and after years of dorms and apartments, you’re realizing you might as well start building equity in a place of your own. You wouldn’t be alone. Though you’ll see articles all over […]

Current Mortgage Rates for Friday, May 22, 2015

mortgagedocuments

+-*Mortgage rates moved only slightly heading into the holiday weekend.  As Len Kiefer, deputy chief economist at Freddie Mac, put it, “Mortgage rates were little changed this week amid positive housing news. Housing starts surged 20.2 percent to a seasonally adjusted pace of 1.14 million units in April, the highest level since 2007. As home buying season […]