Posts with tag Mortgage rates

By Scott Sheldon A program made popular in the height of the subprime lending environment was the no-cost mortgage. No-cost mortgages have gotten quite a bit of exposure lately, as consumers seek to better understand loan terms, interest rates and how to qualify for mortgages in an ever-tightening credit market. And then... Continue Reading »

By Alison Paoli Mortgages are tricky and often hard to understand. Because most people only purchase a home every five to seven years, prospective homebuyers understandably don't spend a lot of time in the interim educating themselves about mortgages and the mortgage process. With the real estate market picking up and... Continue Reading »

By Chris Birk Mortgage rates are beginning to creep up, but they're still well within the kind of range that makes longtime homeowners shake their heads in disbelief. The average interest rate on a 30-year fixed-rate mortgage hit 3.63 percent for the week of March 10, marking the highest point since last summer. So while... Continue Reading »

By Scott Shieldon As you shop for a house and consider taking out a mortgage, determining your house payment can no doubt be a time-consuming process -- running calculations, getting updated payment scenarios from your mortgage company, and determining whether or not you can qualify. What you might not realize is that... Continue Reading »

By Diana Olick Mortgage rates today are very low, but U.S. borrowers have a very short memory. They forget that the rate on the 30-year fixed, which sits around 3.6 percent today, was a full percentage point higher a year ago, and above 5 percent in January of 2010. The purchasing power gained through today's low rates... Continue Reading »