Category: Financing

Today’s Mortgage Rates Fall by 10 basis Points: January 3, 2025

January 3rd, 2025
If you’re looking to secure a mortgage today, you’ll find that the mortgage rates are showing a slight decrease compared to last week, which could mean a more affordable home loan for you in 2025. As of January 3, 2025, the …Read more  »

FHA Mortgage Rates by Credit Score: 620, 700, 580, 640

January 2nd, 2025
FHA mortgage rates are typically higher than conventional mortgage rates, but they can be a good option for borrowers with lower credit scores or smaller down payments. The minimum credit score for an FHA loan is 580 with a 3.5% …Read more  »

FHA Credit Score Requirements for Homeownership in 2025

January 2nd, 2025
Dreaming of owning your own home, but worried about your FHA credit score requirements? Don't let credit concerns hold you back! Securing a mortgage with a less-than-perfect credit history can feel like scaling a mountain, but it's definitely achievable, especially with …Read more  »

FHA’s New Update to Reverse Mortgage Debenture Interest Rates

January 2nd, 2025
The FHA finalizes updates to reverse mortgage debenture interest rates, a decision that significantly impacts many aging homeowners looking to tap into their home's equity. As the Federal Housing Administration moves forward with these changes, it’s crucial to understand what these …Read more  »

Calculating Total Cost of Mortgage Over 30 Years

January 2nd, 2025
Ever felt like you're staring into the abyss when thinking about a 30-year mortgage? You’re not alone. It’s a huge commitment, and while that monthly payment might seem manageable, the total cost of a mortgage over 30 years can be eye-watering. In …Read more  »

How Much Difference Does 1% Make on a Mortgage Payment?

January 2nd, 2025
In the rollercoaster of homebuying, finding the perfect mortgage interest rate can feel like chasing a mythical unicorn. You're bombarded with numbers, percentages, and jargon that make your head spin. But what if we told you that a seemingly tiny …Read more  »

Today’s Mortgage Rates Rise: Insights for January 02, 2025

January 2nd, 2025
Mortgage rates have risen today, January 2, 2025, making it essential for potential homebuyers to stay informed and make smart financial decisions. As per the latest data from Zillow, the average 30-year fixed mortgage rate has climbed to 6.70%, while the 15-year fixed rate has increased …Read more  »

Today’s Mortgage Rates Rise Averaging 7.01%: January 01, 2025

January 1st, 2025
Mortgage rates are a hot topic for anyone looking to buy a home or refinance an existing mortgage. As of January 01, 2025, the average mortgage rate for a 30-year fixed loan is 7.01%. This rate is a significant factor …Read more  »

Today’s Mortgage Rates Fall: December 31, 2024 Insights

December 31st, 2024
As of December 31, 2024, mortgage rates have displayed a noteworthy decrease across various terms, bringing both hope and opportunity to prospective homebuyers and those considering refinancing their existing mortgages. According to Zillow's data, the 30-year fixed mortgage rate is currently at 6.64%, …Read more  »
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