Mortgage rates are really, really low. And they'll probably fall further. But don't get greedy. Take your bird-in-hand. Get started on that refi.

When mortgage rates are this low, the hard part of a refinance isn't locking the low rate. Low rates are easy to lock. The hard part is closing on the low rate before its rate lock expires. In this case of Life Imitating Art, learn from Lucille Ball about getting ahead of underwriting and closing on-time, without rate lock extension fees.

There's an old saying that goes "All Real Estate Is Local". See it in pictures.

There's an old saying that goes "All Real Estate Is Local". See it in pictures.

For the second time in 4 months, the FHA is changing the way it charges mortgage insurance. The change is forcing homeowners and home buyers using FHA financing to make a monetary decision -- use the current system for FHA mortgage insurance, or to wait for the new one to take effect?
The answer roots in [...]

For the second time in 4 months, the FHA is changing the way it charges mortgage insurance. The change is forcing homeowners and home buyers using FHA financing to make a monetary decision -- use the current system for FHA mortgage insurance, or to wait for the new one to take effect? The answer roots [...]

The Fed re-affirmed its plan to hold the Fed Funds Rate near zero percent “for an extended period” today. Mortgage rates remain low and the Refi Boom continues.

Omitting adjectives can lead to misunderstandings and it happens nearly every time the Federal Open Market Committee meets. Today should be no different. If you're floating a mortgage rate, you'll want to know how to interpret the headlines the *right * way.

When you own a home, your fiscal responsibility to the lender goes deeper than just your monthly principal + interest payments. You've got taxes and insurance to manage, too. And, homeowners that let lenders collect and pay their taxes and insurance bills tend to get lower rates and/or lower fees.

Suddenly, the phrase "cleared to close" doesn't mean so much. Because of a new Fannie Mae policy, a mortgage lender's commitment to fund isn't final until it's final. Lenders have reason to revoke a person's mortgage approval all the way up until the point of funding. Scary, scary stuff.