Top 5 Reasons to Refinance a Home Mortgage
We’ve written extensively about the current mortgage boom Americans are taking advantage of in record numbers. Here at Quicken Loans, interest in refinancing is at levels we haven’t seen in years. But...
View ArticleFinding the Down Payment for Your Investment Property
You’ve heard that investing in property can be quite profitable. Whether you plan to flip it (buying a property, fixing it up, then selling for a profit) or rent it out, real estate is a way to expand...
View ArticlePros and Cons of the 30-Year Fixed-Rate Mortgage
The 30-year fixed-rate mortgage is as American as white picket fences. Like apple pie, the 30-year fixed has been fueling the American Dream for decades. With all the different types of mortgages and...
View ArticleHow Low Are 15-Year Mortgage Rates and Why?
For the millions of avid followers that I have for my Thursday morning mortgage reports, I know that you all have noticed an interesting trend. Yes – mortgage rates ticked up higher this week after a...
View ArticleHARP and Loan Modification – Making Home Affordable Program: Refinance Relief...
Editors note: We have some great news! Quicken Loans allows refinances of up to 200% of your home’s value on mortgages owned by Fannie Mae and Freddie Mac through the HARP Program. In order to...
View ArticleFixed-Rate Mortgages
As of April 20, 2020, Quicken Loans® isn’t offering conventional adjustable rate mortgages (ARMs). Fixed-rate mortgages – also called conventional mortgages – have been the most popular home loans for...
View ArticleMortgage Rates Hit New Record Low
Mortgage rates continue to slide downward. The 30-year fixed rate mortgage has dropped, hitting a record low for the third week in a row. Freddie Mac, the second largest mortgage finance company,...
View ArticleToday’s Mortgage Interest Rates – Friday, April 3, 2009
Looking forward to the weekend, it’s a great weekend for house shopping so let’s get to the rates. Mortgage rates are still at record-low levels and offer great opportunities for home buyers and anyone...
View ArticleLessons Learned About VA Loans
I’ve gotten three VA loans since getting honorably discharged from the Army: one to buy a home and two to refinance. I got one other mortgage that was a conventional 30-year fixed because my mortgage...
View ArticleUnderstanding the 30-Year Fixed-Rate Mortgage
The 30-year fixed-rate mortgage has been America’s most popular home loan choice for several generations for many great reasons. 30-year fixed mortgages offer a low rate and payment that don’t change...
View ArticleLow Down Payment Mortgage Options to Buy a House
Whether you’re buying a home for the first time or the fifth, figuring out the down payment amount gets a little tricky. On one hand, you may have people telling you to put the traditional 20% down...
View ArticleObama Speaks on Improving Housing Market, Slowly Reducing the Role of Freddie...
President Barack Obama took the stage at Desert Vista High School near Phoenix, Arizona today to discuss what many reporters had heard whispers of on Capitol Hill: an initiative to roll back the power...
View ArticleMyths About Adjustable Rate Mortgages
Coke vs. Pepsi, chocolate vs. vanilla, The Godfather vs. Goodfellas; life is full of polarizing choices like these. In the home loan world that debate seems to be between fixed and adjustable rate...
View ArticleRising Mortgage Rates Take a Holiday Break
Catch your breath everyone. Mortgage rates have slipped down a bit this holiday week(end), according to Freddie Mac’s Primary Mortgage Market Survey. Despite Freddie Mac being a government-run agency,...
View ArticleMortgage Rates Jump Higher
After weeks of mortgage rates inching up or down at the pace of a sleepy snail, it finally happened. In the span of seven days, 30- and 15-year fixed-rate mortgages jumped up along with 5-year...
View ArticleMortgage Rates Take a Breather
Hey, guys! Remember me? Your faithful PMMS pal before I was replaced by a much more handsome and talented reporter named Travis? As I type this, Travis is traveling to the great Mount Ratemore on a...
View ArticleMortgage Rates Are Still Climbing Up
Outside of the Internet, it seems like many people don’t like cats. They’re misunderstood creatures; they only want attention when no one seems to be looking, and when you finally do get to pet them,...
View ArticleThis Just in: Mortgage Rates Drop Again!
Click the image to enlarge. Much like the heat waves we’ve seen in our local weather reports, mortgage rates have finally broken their rising trend and have lowered for the second week in a row. Think...
View ArticlePros and Cons of the 30-Year Fixed-Rate Mortgage
The 30-year fixed. The iconic, all-American mortgage. For probably the last 70 years or so, it’s been the most popular mortgage in the land. Nothing else has ever come close. All the fancy mortgages of...
View ArticleMortgage Rates Continue the Climb
Ahh, Memorial Day Weekend. One of the most relaxing American holidays. It’s like the Fourth of July with almost no firework-related risks. A calming time to sit back, relax and do as little as you want...
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