With mortgage rates above 6.50% these days, the average home buyer today actually pays more in interest than the purchase price. For example, a $400,000… Read More »Total Interest Exceeds Your Home Price Once Mortgage Rates Are Above 6.4%
I was on LinkedIn the other day and came across a post featuring a mortgage rate history chart with rates for each year. It started… Read More »Did Everyone Forget Mortgage Rates Were 2-3% Back in 2012 Too?
The conflict in Iran was arguably bad enough for mortgage rates. It sent them from the best levels since mid-2022 right back toward the high… Read More »Mortgage Rates Now Face a Triple Threat
It’s time for some more mortgage Q&A: “Can you have two mortgages at the same time?” This question came up recently and despite all the… Read More »Can You Have Two Mortgages at the Same Time?
I keep warning folks that mortgage rates are going higher, possibly back to the 7% range. And the main reason is because the war in… Read More »Mortgage Rates Now Facing War and Hot Jobs Headwinds
This might be one of the strangest things I’ve ever heard come out of the mortgage industry. And the mortgage industry is no stranger to… Read More »A Top-10 Mortgage Lender Has Launched an Athleisure Clothing Line
After what was a decent week for mortgage rates, in which they fell back closer to 6.50%, they appear to be on the rise again.… Read More »Mortgage Rates Back on the Move Higher as U.S.-Iran Talks Stall
I still get the feeling that mortgage rates are going to go HIGHER before they cool off again. I’m aware there are rumblings of some… Read More »Higher Highs for Mortgage Rates Before They Come Down?
I’ve noticed a trend lately where more mortgage lenders are offering so-called discounts. While it’s still not as common as what you see in other… Read More »Do Mortgage Discounts Even Matter?
There’s been a lot of fear lately that mortgage rates could rise back above 7% or even higher this year. The driver being inflation related… Read More »There’s Apparently Only a 50/50 Chance Mortgage Rates Rise Above 6.8% This Year
