As you start applying for a mortgage loan, you will probably hear the terms “APR” and “mortgage interest rate” a lot from lenders. What do these mean, what is the difference between them, and how do they affect your home loan? Mor
Jan 24, 2023 | Interest Rates Mortgage Basics
The most common home loan, by far, is the 30-year fixed-rate mortgage. It spreads out the principal and interest in an amortized pattern over three decades, allowing for manageable payments. It’s a good solid loan structure beloved by lenders and bo
Nov 01, 2022 | Purchasing a Home Refinancing a Home Interest Rates
Long-term mortgage interest rates have more than doubled in the past year and hit 14-year highs as of September 2022. If you bought a home in recent years with an adjustable-rate mortgage (ARM), it probably made a lot of sense at the time and helped you s
Oct 25, 2022 | Interest Rates Refinancing a Home
The Federal Reserve’s September interest rate hike marks the fifth straight increase in 2022. What does that mean for the mortgage world? Fed Rate Hikes The Federal Reserve is in charge of maintaining a healthy level of inflation and employment in the U
Oct 18, 2022 | Interest Rates
As interest rates on long-term mortgages continue to rise, buying a home at today’s record-high prices can be a challenge. However, a recent study from Zillow found that there is one thing home buyers can do to save themselves big time when it comes
Sep 27, 2022 | Interest Rates Mortgage Basics Credit
It's no secret that mortgage interest rates have risen this year. Rates have risen almost four percentage points in less than a year. That kind of rate increase can be stressful for homebuyers. but what about home sellers? How do increasing rates affect w
Sep 20, 2022 | Interest Rates Purchasing a Home
