Mortgage Blog

Mortgage Advice, Homebuying Tips & Market Updates

30-year mortgage rate hits weekly record low of 3.66%

30-year mortgage rate hits weekly record low of 3.66%

Mortgage rates hit record lows in the week ending June 21, with the 30-year fixed-rate mortgage average declining to 3.66% from 3.71% in the prior week, Freddie Mac stated in its weekly report. The 15-year fixed-rate mortgage remained low at 2.95% from 2.

Jun 21, 2012 |

Why mortgage rates are so low

Why mortgage rates are so low

By Amy Hoak, MarketWatch  CHICAGO (MarketWatch) — Glimmers of hope in the housing market suggest a turnaround is near, with statistics showing stabilizing home prices and an increasing number of home sales. Yet even as housing conditions

Jun 19, 2012 |

Home Buyer Q & A

 Home Buyer Q & A: We want to refinance our home.  We currently have an FHA mortgage, and we keep hearing talk that a streamline refi may be the way to go - can you please explain?  Absolutely, as of June

Jun 18, 2012 |

Mortgage Apps See Near 20 Percent Week-Over-Week Spike

Mortgage Apps See Near 20 Percent Week-Over-Week Spike

Wed, 2012-06-13 17:10 —  National Mortgage Professional Magazine Mortgage applications increased 18 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for

Jun 14, 2012 |

Hampton Roads home sales rise in May

Hampton Roads home sales rise in May

Home sales rose in South Hampton Roads in May and prices ticked up after months of easing foreclosures, according to a report released Tuesday. The Real Estate Information Network, a Virginia Beach-based multiple-listing service, reported that 1,208 exist

Jun 13, 2012 |

FHA Streamline Refinance To Reduce Mortgage Fees for Qualifying Borrowers

FHA Streamline Refinance To Reduce Mortgage Fees for Qualifying Borrowers

The Federal Housing Administration will significantly reduce mortgage fees for qualifying borrowers through the FHA's Streamline Refinance Program.  The lower fees will go into effect on June 11, 2012.   The FHA streamline program requires limit

Jun 11, 2012 |

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