2022 Mortgage Rate Predictions: Is This the Year They Finally Hit 4%?

Well, just like that it’s December again, which means it’s time for the 2022 mortgage rate predictions. This past year was filled with ups and downs (literally) when it came to mortgage rates, with plenty of surprises and unexpected turns along the way. I expect 2022 to be no different, seeing that COVID is still… Read More »2022 Mortgage Rate Predictions: Is This the Year They Finally Hit 4%?

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Mortgage Rates vs. Omicron

Last week, the World Health Organization (WHO) designated Omicron, formally known as B.1.1.529, a variant of concern. This news rocked financial markets nationwide amid concerns of another series of lockdowns, travel restrictions, and so on. In short, there’s renewed fear that we’re not out of the woods on COVID, as some seemed to think prior… Read More »Mortgage Rates vs. Omicron

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Why Are Mortgage Payments Mostly Interest?

Mortgage Q&A: “Why are mortgage payments mostly interest?” Here’s an interesting mortgage question – pun sadly intended because I couldn’t help it. Lots of folks are obsessed with how much interest is paid on a mortgage, often citing the total interest paid over 30 years. This counters the argument that mortgages are the cheapest debt… Read More »Why Are Mortgage Payments Mostly Interest?

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Borrowers Don’t Choose Mortgage Lenders for the Best Interest Rate

Conventional wisdom would lead us to believe that consumers go with the mortgage lender that offers the lowest interest rate. After all, who can resist a discount? But this appears to not be the case… In fact, it’s the least common reason why a borrower selects a particular home loan lender, which is pretty shocking… Read More »Borrowers Don’t Choose Mortgage Lenders for the Best Interest Rate

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21 Mortgage Questions You Should Know the Answer To

I thought it would be helpful to create a post that answers a lot of top “mortgage questions” that prospective and existing homeowners tend to ask in one convenient place. You should know the answers to all of these questions if you’re serious about getting a mortgage and ready to buy a home. Additionally, you… Read More »21 Mortgage Questions You Should Know the Answer To

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Dude, Where’s My Low Mortgage Rate?

A Common Mortgage Rate Tale You’ve been shopping mortgage rates and finally found a lender you like. The loan officer asks if you want to lock in your rate and you say huh? They explain that you can lock in your interest rate today so it won’t change, or you can float and take your… Read More »Dude, Where’s My Low Mortgage Rate?

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Jim Cramer Thinks the Super Low Mortgage Rates Are Going Bye Bye

The other day, Jim Cramer was talking mortgage rates, even though he’s a self-described “stock person.” The backdrop was the better than expected jobs report, which jolted the bond market and sent mortgage rates higher. In short, more jobs and less unemployment equates to a recovering economy, which ushers in inflation and forces the Fed… Read More »Jim Cramer Thinks the Super Low Mortgage Rates Are Going Bye Bye

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10 Big Mortgage Myths Proved Wrong, Once and For All

These days, the world is full of misinformation. Let’s put some common mortgage myths to bed once and for all so you don’t inadvertently miss out on becoming a homeowner. After all, property owners tend to acquire a lot more wealth than renters, so why let these falsehoods stand in your way? You Need Perfect… Read More »10 Big Mortgage Myths Proved Wrong, Once and For All

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What Mortgage Has the Best Interest Rate and Why?

Here’s an interesting question: “What mortgage has the best interest rate?” Before we dive in, “best” questions are always a bit difficult to answer universally because what’s best to one person could be the worst for another. Or at least not quite the best. This is especially true when discussing mortgage questions, which tend to… Read More »What Mortgage Has the Best Interest Rate and Why?

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Mortgage Rates vs. Unemployment: Keep a Close Eye on the Jobs Report!

It’s time for another mortgage match-up: “Mortgage rates vs. unemployment.” When it comes to making (or for our purposes saving) money, everyone probably wishes they could predict the future. After all, if you know what’s coming next, there are plenty of great ways to capitalize. For homeowners, good timing or a penchant for fortunetelling can… Read More »Mortgage Rates vs. Unemployment: Keep a Close Eye on the Jobs Report!

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