Mortgage and Real Estate Articles from Mortgage Research Center
Dec 24, 2024 · Mortgage Research Center features mortgage news and advice for homebuyers from a team of experts in mortgage, real estate and personal finance.
What's the Real Deal on Down Payments
1 day ago · Benefits of 20% Down. Making at least a 20% down payment provides several advantages to borrowers. These include: Lower monthly payments. “By reducing your loan amount, the borrower saves on both principal and interest payments,” says Holman.
Mortgage Rates Today, Dec. 31, 2024: Our Forecasts for Mortgage …
13 hours ago · The average 30-year fixed rate mortgage was 6.94% yesterday, a decrease of 0.07% since the day before. The 15-year fixed mortgage rate stood at 6.01%, down by 0.13%.The 30-year FHA mortgage averaged 6.16% yesterday, having dropped by 0.22.Meanwhile, the 30-year jumbo mortgage rate was 7.36%, reflecting a decrease of 0.09%.
Mortgage Rates Today, Dec. 30, 2024: Market Sentiment Leading …
1 day ago · The average 30-year fixed rate mortgage is 6.94% today, a decrease of 0.07% since yesterday. The 15-year fixed mortgage rate stands at 6.01%, down by 0.13%.The 30-year FHA mortgage now averages 6.16%, having dropped by 0.22.Meanwhile, the 30-year jumbo mortgage rate is 7.36%, reflecting a decrease of 0.09%.
Conventional Loan Requirements in 2025 - mortgageresearch.com
Nov 29, 2024 · Updated 2025 conventional loan requirements and guidelines. What, exactly, do lenders consider to be extenuating circumstances? Some of the most commonly accepted reasons include:
How to Refinance Your Home - Mortgage Research Center
Types of refinance loans Traditional Traditional, or rate-and-term refinance loans, work for most refinancing needs. You'd get a rate-and-term refinance loan if you're looking to lower your monthly payment, interest rate or loan term.
What Is the Average Down Payment On A House?
Dec 17, 2024 · Average Down Payment Trend in 2024. The average down payment on a house may be below that magic 20% threshold, but it’s actually on the rise. In fact, first-time buyer down payments are at their highest point since 1997, per NAR’s data, and repeat buyer down payments are at their highest since 2003.
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A Complete Guide to FHA Refinances: Eligibility, Requirements, …
Aug 23, 2024 · Article Sources MortgageResearch.com often links to authoritative websites to verify facts and claims made in our articles. Read our editorial standards for more about our mission to deliver accurate and impartial content.. HUD
What Is a Mortgage and What Can It Do for You? - Mortgage …
Jun 17, 2024 · How Large of a Mortgage Can I Get? There are two things to consider when calculating how large of a mortgage you can get: your individual borrowing capacity and the maximum loan limits of the mortgage program you’re applying for.. As we already mentioned, lenders use your debt-to-income ratio to determine how large of a loan you qualify for.