America’s Most Trusted Refinancing Advice
Click For Free Expert Mortgage Advice
Mortgage Refinancing Articles
Interest Rates
Mortgage interest rates for a traditional 30 year fixed rate mortgage crept up to the highest levels in four years this week. A fixed 30 year mortgage averages 56.54% this week. It has not been this high since the summer of 2002. This week 15 year fixed rate mortgages are also up; a fixed rate [...]
Read the full article →
Mortgage lenders often quote interest rates based on points paid upfront. What are mortgage points, and how do they work? A point is a fee that amounts to one percent of the total home loan amount. There are discount points and origination points; origination points are fees that vary by lender. Some lenders may quote [...]
Read the full article →
Mortgage interest rates rose this week to their highest levels since the summer of 2002. According to a survey of national mortgage lenders the average interest rate on a 30 year, fixed rate mortgage crept up to 6.49% this week. Last week this 30 year mortgage fixed interest rate averaged 6.43%. Mortgage analysts believe interest [...]
Read the full article →
Mortgage interest rates rose this week for the second consecutive week. According to a survey of national mortgage lenders both 30 and 15 year fixed interest rate mortgages are on the rise. Interest rates for 30 year fixed rate mortgages average 6.43% this week. This is up from 6.35% last week. A 15 year fixed [...]
Read the full article →
Mortgage Points are pre-paid interest payments made to your mortgage lender at closing. A point is 1% of the mortgage loan value. If your lender requires you to pay 3 points on a $150,000 mortgage for example, your payment would be $4,500.00 Points are a fee you pay in exchange for a lower interest rate. [...]
Read the full article →
My name is Robert Regehr and I’m a personal finance blogger with a chip on my shoulder for banks and mortgage brokers that take advantage of my friends and neighbors.
Like me on Facebook
Follow me on Twitter
Sample Videos
