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Interest Rates

Are Conventional Loans Better?

What is a Conventional Mortgage Loan? A conventional mortgage refers to a loan that is not insured or guaranteed by the federal government. In contrast, an FHA mortgage loan is insured by the Federal Housing [...]


Mortgage Rates Reach New Highs

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) recently, showing average fixed mortgage rates reach new highs for the year. Mortgage rates rose followed bond yields higher with the expectant release [...]


New Home Sales Jump

Home Sales & Sales Price According to the Commerce Departments, new home sales jumped 2.1% in May - the highest level since July 2008. In other news, the Standard & Poor’s Case-Shiller index showed that [...]


Introductory Rate ARM’s

Most adjustable rate loans (ARMs) have a low introductory rate or start rate, some times as much as 5.0% below the current market rate of a fixed loan. This start rate is usually good from [...]


Lock in Your Interest Rate

A lock, also called a rate lock or rate commitment, is a lender's promise to hold a certain interest rate and a certain number of points for you, usually for a specified period of time, [...]


Fixed Rate Mortgages

The most common type of mortgage program where your monthly payments for interest and principal never change. Property taxes and homeowners insurance may increase, but generally your monthly payments will be very stable. Fixed rate [...]


Interest Only Loans

"Interest only" products are an easy way to save money and a very popular alternative to traditional fixed rates but they are not without risk. An "Interest Only" loan can offer consumers greater purchasing power, [...]