Mortgage Blog

Mortgage Advice, Homebuying Tips & Market Updates

Record low 15-year mortgages gain appeal

Record low 15-year mortgages gain appeal

By Amy Hoak, MarketWatch CHICAGO (MarketWatch)—Average rates on 15-year fixed-rate mortgages have been below 3% since May, leading more borrowers to consider swapping their current home loan for one with a 15-year term. Not only are interest r

Jul 23, 2012 |

30 & 15 Year Mortgage Rates Reach Record Lows for Fifth Week

30 & 15 Year Mortgage Rates Reach Record Lows for Fifth Week

According to Freddie Mac's Weekly Primary Mortgage Market Survey, the average on the 30-year loan rate dropped to 3.53%*.  That is the lowest weekly average since long-term mortgages began in the 1950's.  The weekly average rate on the 15-year m

Jul 19, 2012 |

U.S. Housing Starts Rise 6.9% In June

U.S. Housing Starts Rise 6.9% In June

The Commerce Department reported new U.S. home starts rose 6.9% to an annual rate of 760,000.  The highest level since 2008! For more information, visit MarketWatch:  http://www.marketwatch.com/story/us-housing-starts-rise-69-in-june-2012-07-18

Jul 18, 2012 |

Home Buyer Q & A

We are interested in refinancing our home.  We have a first and second mortgage.  The second mortgage was part of the original purchase.  We have refinanced since.  When we refinanced, we increased our equity line

Jul 16, 2012 |

Repayment of a Reverse Mortgage

Repayment of a Reverse Mortgage

Question:  "What happens to my house and my loan when I move out or die?" Repayment of a reverse mortgage loan will vary with the circumstances at the time of repayment.  Most situations will fall into one of the following general cat

Jul 13, 2012 |

30 & 15 Year Mortgage Rates Reach Record Lows

30 & 15 Year Mortgage Rates Reach Record Lows

According to Freddie Mac's Weekly Primary Mortgage Market Survey, the average on the 30-year loan rate remained at 3.56%*.  That is unchanged from the previous week, and still the lowest weekly average since long-term mortgages began in the 1950's. &

Jul 12, 2012 |

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