A jumbo mortgage is one that loans out a larger amount of money than the highest amount allowable to loan out for a conforming or conventional loan. Currently, jumbo mortgage interest rates are at a 25 year low and their current rates are even lower than traditional...
Recently Freddie Mac, one of America’s leading mortgage lending giants, announced that their 30-year fixed-rate mortgage interest rate was at just over 3%, 3.02% to be exact. This is the first time that mortgage rates have been at the 3 percentile since July of 2020....
What should we expect in the mortgage rate industry for 2020? Well, here we are, a new decade and a new year but what should we expect from the mortgage industry, interest rates, and how the housing market will go this year? Experts have rounded up their predictions...
If you’re in the real estate market you might be considering a condominium or townhouse over a single-family house in order to save some money, but are you really saving any money by purchasing a condo when it comes to interest rates and additional fees?...
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Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.