Mortgage Terminology for the First Time Home Buyer

Lower mortgage rates mean refinancing can save 20 million borrowers an average of $276 a month according to the latest research.

The global economy's pain has become the Jones family's gain. Worries about trade tensions and slower growth have caused long-term bond yields to plummet ...

Mortgage interest rates have been falling since May, especially sharply this month, so borrowers, especially millennials, are rushing to refinance. Refinance ...

Since there is no “one size fits all” reason why one may desire to refinance, the first order of business is to identify the purpose of the refi.

Several benchmark refinance rates slid lower today. If you're shopping for a home loan, see how your payments might be affected.

Refinance rates were mixed, but one key rate ticked downward. If you're shopping for a home loan, see what that means for you.

Average mortgage rates rose yesterday, as we predicted. But they increased only by the smallest measurable amount. And the rise should have been much ...

Average mortgage rates inched down on Friday, defying our prediction. Mortgage News Daily explained it best, talking about the “weirdness” that has ...

A home is the biggest purchase most people ever make. When buying a home, we are all impacted enormously by a factor largely outside our control: interest ...

Suddenly, mortgage broker Mark Livingstone is working weekends and spending his meager free time reading resumes because he needs help handling the ...

Mortgages rates hit a three-year low on Friday, August 2, when the average rate on a 30-year fixed mortgage hit 3.70%, the lowest they've been since November ...

Refinance rates were mixed, but one key rate climbed higher. See what that means for you if you're in the market for a mortgage.

It is expected that 35% of all new mortgages in 2019 will be made up of refinanced mortgages, according to a report from Fannie Mae (FNMA) out on Thursday.

With rates at three-year lows, Millennials are finally hopping on the refinance bandwagon. Refis accounted for 14 percent of all Millennial loans in June.

Just three days ago, data from Black Knight showed that 8.2 million borrowers could save big on their mortgages thanks to the recent decline in mortgage ...

Refinance rates were mixed, but one key rate trended down. If you're shopping for a home loan, see what that means for you.

With mortgage rates falling, borrowers are primed to save hundreds per month by refinancing. Here are six steps to follow to successfully refinance your home.

While refinancing your home mortgage might sound like a good idea in theory, especially with interest rates falling, it may not always be possible for every ...

Refinance rates were mixed today. See what that means for your chances of getting a better mortgage rate.

How do you get the best refinance mortgage rates? Plan ahead and have a strategy. Here's how to do it in today's low-rate mortgage marketplace.

There is a silver lining to the recent economic turbulence: Mortgage rates have tumbled in recent weeks, triggering a rush to refinance and a race to the closing ...

Refinance rates were mixed, but one key rate trended upward. See what that means for your refi.

Mortgage rates dipped slightly to a nearly three-year low because of concern about a potential global economic slowdown and some weak home sale news.

Mortgage rates dropped to nearly three-year lows on China trade fears and a Fed rate cut. That's helping homeowners and buyers in the market now.

How much do refinance rates need to drop before I refinance? Is the rule 1%, or should I refinance for just a 0.25% lower rate?

Homeowners rushed to take advantage of a sizable drop in mortgage interest rates, but potential homebuyers were unimpressed.

Refinancing a mortgage could result in a lower monthly payment or a reduction in your interest rate. That could save you money, but is the cost to refinance…

Multiple closely watched refinance rates fell today. See what that means for your chances of scoring a killer refi rate.

Average mortgage rates should have fallen yesterday, in line with our prediction. But they didn't. They remained at the same, ultralow level. Under the headline ...

VA refinance rates have fallen significantly since late last year. For many VA borrowers, this is the time to consider the savings which might be available with ...

Fannie Mae used a fair number of trade-offs in while coming up with its revised outlook for the real gross domestic product (GDP) this year. The company's ...

Several benchmark refinance rates moved higher today. If you're shopping for a home loan, see what that means for you.

Mortgage interest rates have been dropping lately. So have home prices. There are real estate deals waiting to be claimed. So that begs the question: Is the rest ...

WASHINGTON—U.S. mortgage debt reached a record in the second quarter, exceeding its 2008 peak as the financial crisis unfolded. Mortgage balances rose ...

YOUNGSTOWN, Ohio -- With mortgage rates sitting at their lowest in the last few years, lenders say now is the time to refinance – and customers are heeding ...

Wide short-term swings in interest rates — and loan prepayments — that we've all witnessed have serious secondary effects on consumers, lenders, investors ...

Mortgage rates were still unchanged for many lenders as of this morning. There were even a few offering slightly lower rates compared to yesterday morning's ...

After rising the previous week, interest rates fell back again last week, but consumers were not enthused.

FHA cash-out refinancing rules will change starting September 1, 2019. The new rule will limit cash-out refinances to 80% of a property's fair market value.

Home equity ― the positive difference between what you owe on your property and its current value ― can be one of your biggest financial tools as a ...

Mortgage rates mostly held steady today, despite a move higher in broader interest rate indicators like the 10yr Treasury yield. Treasuries and mortgage rates ...

The Federal Reserve lowered interest rates at its July meeting, but only some mortgage borrowers need to pay attention, including those with adjustable-rate ...

Santander Bank NA, the U.S. arm of Spain-based multinational lender Banco Santander, will lay off 66 staff at its Villanova mortgage offices this fall, the bank ...

An escalation in the U.S – China trade war and negative business sentiment weighed on mortgage rates. Any near-term upside will be limited at best.

Q. I'm going to refinance my mortgage by the end of the year and I want to improve my credit score, which is 742 according to Credit Karma. What's the fastest ...

Multiple closely watched mortgage rates ticked downward today. If you haven't locked yet, see how your future mortgage payments could be affected.

Some borrowers might see lower monthly payments come the end of July if Federal Reserve Chairman Jerome Powell lowers interest rates. The federal funds ...

Your comfort level with the lender should be the deciding factor.

Mortgage rates extend huge winning streak The everyday consumer thought the Fed rate cut on July 31 was the key to lower mortgage rates. To everyone's.

Average mortgage rates fell significantly on Friday. We'd predicted they'd barely change. And we should have been right, according to all the markets that ...

U.S. mortgage refinancing is on the uptick as fears about fluctuating global markets cause a drop in interest rates, the Financial Times reported Sunday (Aug.

Multiple closely watched mortgage rates moved higher today. If you're in the market for a mortgage, see how your payments might be affected.

Average mortgage rates provided another pleasant surprise yesterday when they held steady instead of rising. The bond yields they typically shadow did rise.

The 30-year fixed mortgage averaged 3.6 percent for the week ending Aug. 15, the same as last week.

Economists thought mortgage interest rates would rise to 5.5 percent this year, but instead they've dropped so low that recent homebuyers could save money by ...

Mortgage rates were mixed today. If you haven't locked yet, see how your payments might be affected.

For pre-retirees and retirees, the risk of standing pat with a too-heavy portfolio mix outweighs the downside of exiting stocks too early.

Cash-out refi hype is back full-blast. And for the first time since early 2006, people are doing it in large numbers. This is the transcript from my podcast last ...

Jim,. I have talked to a few of my friends who have gone through a divorce and it sounds like a nightmare to determine who is responsible for which bills, etc.

Average mortgage rates increased yesterday, as we predicted. It wasn't a huge rise, but it was enough to take them back to last Friday's levels. They're now ...

Once your offer on your dream home is accepted, it doesn't mean you can just grab the keys and move in. If you need a mortgage, securing this home loan takes ...

Average mortgage rates barely moved on Friday, as we predicted. However, the movement that did occur was different from what we expected. The average ...

Updated: August 14, 2019 06:51 PM. The uncertainty from the recent stock market lows is causing some changes in the nation's interest rates. Nate Wenner, with ...

Refinancing a mortgage might be a good idea, even for homeowners who bought a home in 2018. Mortgage rates have fallen so far that millions of homeowners ...

Average mortgage rates held steady again yesterday. That's nothing to complain about. It means they remain in their ultralow range. But the difficulty of ...

Trade tensions were the order of the week with very little economic data released. We'll have all the highlights coming up in Market Update!

Average mortgage rates had a surprisingly good day yesterday. They fell sufficiently to find themselves back at the top of the ultra-low range we saw for the first ...

With mortgage rates at their lowest in three years, St. Louis lenders say homeowners have been flocking to refinance.

Mortgage rates have fallen so much lately that millions of homeowners might benefit by refinancing — even if they bought a home in 2018. Here's why, plus tips ...

The 30-year fixed mortgage rate recently reached its lowest levels since September 2017.

Last week's massive dip in mortgage rates apparently pushed homeowners into action. According to new data from the Mortgage Bankers Association, ...

The massive rally in Treasuries has whipsawed the biggest name in the bond world.

More people are pursuing refinances as mortgage rates have dropped.

Even though you may already own a home, there's still a lot to consider after you get the key. Something many folks will want to think about is whether they ...

Refinance rates were mixed, but one key rate fell. The nationwide average for a 30-year fixed-rate refinance receded, but the average rate on a 15-year fixed ...

Nearly 6 million people can now cut their mortgage payments with refinancing.

The recent drop in rates means that 5.9 million people can potentially save money by refinancing their existing home loans and securing a lower rate -- two ...

In the summer of 1989, First National Bank & Trust Co. of Rogers hired Steven Plaisance as a part-time teller. The bank was owned by Arvest Bank as the result ...

Homeowners scramble to refinance mortgages as rates hit the lowest level in 17 months. But mortgage applications for home purchase rose just 0.5%.

You've probably heard that refinancing your mortgage can save you money. While that's true in many cases, refinancing needs be done at the right time in order ...

It can be expensive to buy a home nowadays. Fortunately, rates remain low. Plus, the national economy is strong, and employment is robust. Still, many buyers ...

Refinance rates were mixed today. See what that means for you if you're in the market for a mortgage.

Your mortgage can cost a lot of money over time. Here's how it might just cost a little less....BAC.

Some 2.43 million homeowners can reduce their mortgage interest rate by refinancing, according to a recent mortgage report by Black Knight, a mortgage data ...

As mortgage interest rates drop, homeowners could save hundreds per month by refinancing. However, it's not a smart financial decision for everyone.

The usual reasons to refinance are to reduce the monthly payment or to raise cash. The third option, which is under-appreciated, is to shorten the period of ...

Mortgage rates are near historic lows, but maybe you've heard that nagging voice, the one which says “wait just a little longer. Rates can drop lower.

A turnaround in interest rates turned borrowers back on their heels last week, deflating a quick boom in refinance demand.

Money expert Clark Howard has a simple rule for when to refinance your mortgage. See if it applies to you and how you can hit a "grand slam" if you do it.

Refinance rates were mixed, but one key rate ticked up. See what that means for your refinance.

Whether you've owned your home for a short time or you've had your mortgage a bit longer, a mortgage refinance involves careful consideration. After all, you'll ...

Interest rates are near historic lows, and one particular VA loan refinance option that is easy to qualify for can enable homeowners to save thousands on their ...

Mortgage rates may be rising but there's still room to refinance your home loan. You might have heard much said about the constant rise of interest rates over the ...

Refinance rates were mixed, but one key rate slid lower. If you're shopping for a mortgage, see how your payments might be affected.

Refinance rates were mixed, but one key rate cruised higher. See what that means for your refinance.

REAL ESTATE MATTERS | For a home-run refinance, try to find a deal that helps you do these four things: lower your interest rate, shorten your loan term, lower ...

Several closely watched refinance rates decreased today. If you're shopping for a mortgage, see what that means for you.

Sam Chang's hotel firm has pinned down a $83 million from Madison Realty Capital (MRC) to refinance a hotel it owns near Rockefeller Center, according to ...

Mortgage rates are continuing their downward spiral. According to Freddie Mac, the average rate on a 30-year fixed-rate loan has dropped to just 3.82%—down ...

With interest on the low side, there is a potential to refinance and save.