Mortgage and Real Estate Articles from Mortgage Research Center
4 days ago · This comprehensive guide to USDA construction loans will go over everything you need to know about financing your rural home build in 2024, including precisely how a USDA one-time construction loan works, the eligibility requirements you need to meet, and a few alternative mortgage options you may have available. by Tim Lucas in Home Loans.
Mortgage Rates Today, Oct. 21, 2024: Might the Trump Trade …
1 day ago · October 21, 2024, 8:30 AM UTC 2 MIN. The average 30-year fixed rate mortgage was 6.63% yesterday, unchanged since the day before. The 15-year fixed mortgage rate stood at 5.69%, the same as one the day before. The 30-year FHA mortgage averaged 5.98% yesterday, having stayed the same.
Mortgage Rates Today, Oct. 18, 2024: Becalmed Rates Unlikely to …
3 days ago · by Peter Warden in Rates. October 18, 2024, 8:30 AM UTC 2 MIN. The average 30-year fixed rate mortgage was 6.6% yesterday, an increase of 0.08% since the day before. The 15-year fixed mortgage rate stood at 5.69%, up by 0.05%. The 30-year FHA mortgage averaged 5.91% yesterday, having risen by 0.03. Meanwhile, the 30-year jumbo mortgage rate was ...
What Is a Mortgage and What Can It Do for You? - Mortgage …
Jun 17, 2024 · Mortgages are secured by the underlying piece of real estate. If a borrower fails to make their payments, the lender can take legal action to gain ownership of the property. They can then sell it to recoup their losses. Without a mortgage, buying a home would require you to save up the entire purchase price.
Rates Articles - Mortgage Research Center
Buying a $350k Home Just Got $300 Per Month Cheaper. Falling mortgage rates have equated to an estimated $300-per-month drop in the mortgage payment on a $350,000 home. by Tim Lucas. August 31, 2024 1 MIN.
Home Loans Articles | Mortgage Research Center
Oct 10, 2024 · This comprehensive guide to USDA construction loans will go over everything you need to know about financing your rural home build in 2024, including precisely how a USDA one-time construction loan works, the eligibility requirements you need to meet, and a few alternative mortgage options you may have available. by Tim Lucas.
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A Complete Guide to FHA Refinances: Eligibility, Requirements, …
Aug 23, 2024 · Conventional Refinances. Conventional loans are not insured by a government agency and, as such, have slightly higher requirements than FHA refis. You can expect to need a minimum credit score of 620 and a maximum debt-to-income ratio of 45%. You'll also need at least 5% equity in most cases.
Economy Articles - Mortgage Research Center
Sep 30, 2024 · The world’s largest economy probably will expand 3.1% in 2022, the second-fastest pace in 17 years, Goldman Sachs economists said in a forecast. by Kathleen Howley. April 25, 20222 MIN.
Mortgage Rates Hit a Nearly 14-Year High. Here's The Silver Lining …
Jun 23, 2022 · The average rate for a 30-year fixed home loan is 5.81%, up from 5.78% last week. The average rate for a 15-year fixed loan rose to 4.92%, the highest since 2009, from 4.81% last week, Freddie Mac said. Interest rates for home loans are surging as mortgage bond investors demand higher yields on concerns a four-decade high in inflation will eat ...