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Mortgage

Today’s Mortgage Rates | August 3, 2021

Mortgage Rates on Trend To Remain At Record Lows Mortgage rates have been below 3% for the past twenty days. Predictions speculate that the rates will remain in a stable low for the rest of the month, then slowly begin to climb again. This is an ideal time to refinance your home. It is also…

August 3, 20210Comments

ByLee Okwei

Rate News

Today’s Mortgage Rates | August 2, 2021

Rising Real Estate Prices Raise Homeowner Equity by 20% Real estate prices have risen sharply, making homes more valuable. Homeowners throughout the US are currently seeing a 20% increase in equity. While some homeowners are profiting from the surge by selling, this equity can also be tapped through home equity lines of credit and cash-out…

August 2, 20210Comments

ByLee Okwei

Mortgage

Should I Refinance My Home?

There are many reasons to refinance your home. Maybe you qualify for a lower mortgage interest rate or want to cash-out equity to make home improvements. Whatever the reason, there are pros and cons to refinancing your home mortgage. What is a Home Refinance? A mortgage refinance is when you take out a new loan…

July 21, 20210Comments

ByEmily Moore

Mortgage

What is the RefiNow Program?

Recent world and economic events have left many people in a less than ideal financial situation. For those who own their own businesses as well as those going through a divorce or a life change, paying on a mortgage might be harder than it should be. RefiNow is for those with higher-than-normal DTIs who need…

July 13, 20210Comments

ByKelly Windrow

Rate News

Introducing Daily Rates

RateComparison.org is proud to begin providing weekday interest rate movement news and breakdowns. You'll be seeing many more posts from our newest writer Mrs. Lee Okwei, a proven finance writer who brings her unique understanding of interest rates to our site. We'll continue to bring more and more financial experts to deliver…

July 13, 20210Comments

ByJohn Wilkinson

Mortgage

What is the IRRRL Program?

If you have a VA loan and you have found yourself in a financial bind, you might not be sure what your options are. This can be a very uncomfortable situation to find yourself in and no one wants to lose their home due to a financial emergency or changed financial situation. The IRRRL program…

July 1, 20210Comments

ByJohn Wilkinson

Mortgage

What’s the Difference Between My Mortgage Interest Rate and APR?

When you purchase a house, you will probably see two different interest rates, the mortgage interest rate and the Annual Percentage Rate. But what is the difference? Both numbers represent the cost of borrowing money from the lender but are calculated differently. Understanding both terms when shopping for a mortgage is important so you can…

June 30, 20210Comments

ByJohn Wilkinson

Mortgage

FHA, VA, Conventional, and Jumbo. What’s the Difference?

If you are looking to take out a mortgage or getting financing for a home, you may be overwhelmed by the loan options. Learning the difference between all the loan types and trying to pick the best one for your situation can be easy if you know all the details. Each loan has different benefits…

June 15, 20210Comments

ByJohn Wilkinson

Mortgage

Common Mortgage Terms You’ll Hear When Buying or Refinancing a Home

When buying or refinancing a home you will hear many terms, some of which might be unfamiliar to you. Understanding these terms will help you complete your purchase or refinance more efficiently and with less stress. Here, we will break down the specifics of mortgages and refinancing your home and familiarize you with the terms…

June 14, 20210Comments

ByJohn Wilkinson

Mortgage

What is the HIRO Program?

Owning a home can be an exciting and rewarding experience. However, if you have run into financial difficulties, your mortgage payment might feel like a burden that is bringing down your quality of life or threatening your ability to protect your credit and retain your home. Many people have found themselves in financial difficulties lately…

December 17, 20200Comments

ByJohn Wilkinson