Mortgage Rates Articles

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Locking In a Mortgage Interest Rate

By:: Kirk Haverkamp - MortgageLoan.com | Sat, 10/17/2009

Mortgage interest rates are unusually low right now, but it's not certain how long they'll stay that way. So when applying for a mortgage, either to purchase a home or refinance an existing loan, you'll probably want to lock in the rate when you apply.

How Much of a Home Mortgage Can You Afford?

By:: Kirk Haverkamp - MortgageLoan.com | Wed, 09/02/2009

It seems that anyone who's still lucky enough to have a job can afford to buy a house these days. Thanks to low mortgage interest rates and housing prices, housing affordability is at an all-time high, according to the National Association of Realtors (NAR). The question is, what is affordable?

Quickly Raising Money for a Down Payment

By:: Kirk Haverkamp - MortgageLoan.com | Mon, 07/13/2009

Raising the money to cover a down payment and closing costs can be a major challenge for potential homebuyers. In fact, four out of five Americans regard it as the number one obstacle to buying a house, according to a recent survey by the National Association of Realtors.

Advantages and Disadvantages of a 15-Year Mortgage

By:: Kirk Haverkamp - MortgageLoan.com | Fri, 06/26/2009

So you missed out on last spring's ultra-low rates, those dizzying few weeks when 30-year fixed -rate mortgages could be had at interest rates below 5 percent, an all-time low. But you may have noticed that it's still possible to get one of those ultra-low rates - by locking into a 15-year mortgage instead.