Negotiating Tips for Homebuyers


So you’ve found the perfect house. It’s got all the room you want for your family and it only needs a little bit of work here and there. There’s just one problem—it’s 15 grand over your budget. Luckily, the bigger the purchase, the more negotiating room you usually have. Here are a few things to keep […]

6 Ways to Fight Rising Interest Rates


Mortgage interest rates have been hovering between 3.5 and 4 percent for the past 18 months, refusing to rise as quickly as many forecasters had predicted. That means many have been able to lock down favorable rates without the threat of a drastic increase hanging over their heads. However, later this year, the Federal Reserve […]

What is a Mortgage Insurance Premium (MIP)?

With conventional loans, if the initial down payment is less than 20% of the total loan amount, the borrower will have to pay for private mortgage insurance (PMI). Without the insurance, the small down payment would mean the borrower doesn’t have much stake in the property, and would therefore be at too high of a […]

Current Mortgage Rates for Wednesday, September 2, 2015


Given the way things have gone recently, yesterday was relatively placid, at least for Treasuries and mortgage backed securities – equities, on the other hand, took a beating.  Mortgage rates were effectively unchanged yesterday.  Yields on 10-year Treasuries ended yesterday around 2.17%, and are currently trading in the same range today.  This comes despite yesterday’s […]

Home Prices Are Returning to Peak Levels–What Does that Mean for You?


This summer several national housing market reports have announced that home prices have reached—or will soon reach—the peak prices they achieved at the height of the housing boom in 2007. From now on, every year-over-year price increase will be a new all-time high. What does that mean for homeowners? In other words, it has taken […]

Current Mortgage Rates for Tuesday, September 1, 2015

Percentage sign resting on a finger

Same old, same old.  Bond yields (and thus, mortgage rates) continue to be primarily influenced by overseas influences.  It started with weakness in China overnight, which bled into weakness in Europe (sort of – that might not be a direct causation, there was a batch of weaker-than anticipated European economic data which also helped European […]

5 Questions to Ask When You’re De-Cluttering

Blue living room, white sofa, floating wooden shelves, books, woden coffee table, blue striped rug, neutral carpet. Pub orig IH 04/2009

Whether you’re packing for a move or just starting to feel a little cramped by all the clutter, half the battle is picking a strategy that works for you and sticking to it. Here are 5 tried and true questions to ask yourself when you’re trying to decide what to keep and what to sell, […]

Current Mortgage Rates for Monday, August 31, 2015


Mortgage rates hit recent lows early last week, only to rise again later in the week as mortgage-backed securities sold off.  The primary drivers of the market action of late have been the stock rout in China (and the fears of slowing growth that accompany that sell-off).  This has made the market wildly unpredictable, and […]