The 3 Economic Indicators We Watch Every Week (and Why They Matter to Mortgage Rates) If you've been following mortgage rates lately, you've probably noticed they seem to change for reasons that aren't always obvious. One week rates improve, the next they climb — even though the Federal Reserve hasn't [...]
When it comes to buying a home, there are different types of loans offered by lenders to consumers. Of course, keeping track of them all can confuse homebuyers, especially if it's their first time purchasing a house. Fixed Vs. Adjustable All loans adhere to either a fixed or adjustable mortgage [...]
You’ve been perusing local listings and see that your dream home is for sale. You attend an open house and it’s even better than you expected. Excitedly, you call the realtor and ask to make an offer. The realtor informs you that you’re unable to make an offer without mortgage [...]
Unfamiliar vocabulary can make interpreting mortgage forms difficult. Here you will find most of the terms mortgage lenders use. You can refer back to this glossary whenever you need help determining the meaning of mortgage terminology. 1. Adjustable-rate mortgage, or ARM -- A home loan in which the interest rate [...]
