Mortgage and Real Estate Articles from Mortgage Research Center
Dec 30, 2024 · Mortgage Research Center features mortgage news and advice for homebuyers from a team of experts in mortgage, real estate and personal finance.
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:
Home Loans Articles | Mortgage Research Center
Dec 24, 2024 · Thought you needed 20% down to buy a home? Or even 5%? How about 0%. Yes, these mortgages exist today. Estimate your monthly mortgage payments with taxes and insurance ...
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Mortgage Rates Today, Dec. 31, 2024: Our Forecasts for Mortgage …
Dec 31, 2024 · The average 30-year fixed rate mortgage is 6.92% today, a decrease of 0.02% since yesterday. The 15-year fixed mortgage rate stands at 6.01%, the same as one day ago.The 30-year FHA mortgage now averages 6.18%, having risen by 0.03.Meanwhile, the 30-year jumbo mortgage rate is 7.36%, reflecting no change.
How Much Money Do I Need to Buy a House? The Real Deal on …
Dec 30, 2024 · 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, Jan. 3, 2025: Mortgage Rates at 6-Month …
4 days ago · The average 30-year fixed rate mortgage was 6.96% yesterday, an increase of 0.04% since the day before. The 15-year fixed mortgage rate stood at 5.99%, down by 0.02%.The 30-year FHA mortgage averaged 6.22% yesterday, having risen by 0.04.Meanwhile, the 30-year jumbo mortgage rate was 7.34%, reflecting a decrease of 0.02%.
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.
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.
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