Should You Be Concerned Mortgage Rates Have Risen to 3%?
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....
Why Lenders Offer Different Mortgage Interest Rates to the Same Applicant
If you are one of the few potential home buyers that shop for a loan among several different lenders, you may have noticed that they do not all offer the same interest rate. In fact, the “costs” of each loan can differ greatly from one mortgage loan to the next. Why...
What Not to Do After Mortgage Pre-Approval
Getting pre-approved for a loan should be the first and is the best step you can take in your home buying process. Before even looking at homes, you should talk to a mortgage broker or lender to see what your options are. A pre-approval tells you what a bank is...
How the New FICO “Resilience” Credit Score Could Help Borrowers
While some businesses are still shut down or running at much less capacity the economy across the country has seen a high number of unemployment. The Fair Isaac Corp., more commonly known as FICO, the producer of the FICO credit score and a global analytics company,...
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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.