The mortgage-rate tag has no wiki summary.
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1answer
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Mortgage Refinance [closed]
My father has a 30 yr fixed loan at 7.5% with 30k principal left with a little over half the term left.
I've been trying to convince him to try and get a cheaper interest rate for the last several ...
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0answers
86 views
Can I work with two or more mortgage brokers at the same time?
When searching for a home loan, can I get two or more mortgage brokers to search for the best rate for me and at the end just choose the one that found the best rate?
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2answers
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Fixed-rate mortgage vs HELOC
Why is it that a home equity loan or a home equity line of credit comes with a higher interest rate than a 15-year or 30-year fixed-rate mortgage?
3
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4answers
210 views
Overpaying my mortgage monthly payment
I have a 30 year fixed-rate mortgage. Yearly interest rate is r. If my initial principal is P and monthly payment is p, but this month i decide to pay p+Delta, how do i calculate how much of the ...
3
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2answers
106 views
How can I determine if a FHA loan refinance offer is from a reputable lender
I'm getting semi-frequent advertisements in the mail for FHA streamline eligibility. The latest one (from a vender called "Intelliloan") seems like it could be a reasonable deal:
1%-2% lower ...
5
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1answer
91 views
How can I model changing interest rate scenarios?
I'm looking for some advice on how to model a changing interest rate using a spreadsheet.
I maintain a basic spreadsheet which I use to predict the future state of my home mortgage based on a number ...
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2answers
373 views
How do historically low interest rates affect real estate prices?
30-year fixed interest rates have hit a historic low today: 3.83%. I happen to live in the second hottest real estate market in the nation and am considering purchasing my first home, which would be ...
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2answers
63 views
How to analyze the option of refinancing a home?
5 years ago when the market was up I bought I a home. This house was in my means so I had no issues paying it on time for all this time. Now the market is down and the interest rates are about 2.5% ...
2
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2answers
86 views
FHA streamline refi
I am looking into doing a streamline refi on my 211,000 FHA loan with interest rate of 5.5%, 30 yr fixed. I've had this loan for 2 years. I can get a 4.25% rate, 30 yr fixed. My concern is that my MIP ...
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3answers
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How are mortgage interest rates determined?
I know it's somewhat controlled by what the Fed sets interest rates at. I'm not clear on what exactly this interest rate is. Also I have heard that mortgage interest rates track Treasury Bonds. ...
4
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3answers
126 views
Average Mortgage Rate vs What I would get
So average mortgage rates are lower and lower. I.e. X-year mortgage rates are 4%.
Lets assume I have a greater than average credit score and credit history, greater than average net worth, greater ...
5
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2answers
185 views
Is a good faith estimate equivalent to a rate lock?
I am in the middle stage of the loan approval process. Since all the uncertainty about the debt ceiling has been going on, I had asked my lender to give me a rate lock on the loan. But what he has ...
8
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4answers
328 views
Will a 7/1 ARM be better vs a 30yr fix rate for a mortgage if I am prepaying part of the principal every year
I am a 1st time home buyer and I have just accepted a counter offer from a seller for a house that I like. The next step was to apply and get a mortgage for buying this house. Some background on the ...
9
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2answers
183 views
What economic, political and other factors influence mortgage rates (and how)?
I'm trying to determine whether to lock in my interest rate or wait, and that led me to the broader question of what factors influence mortgage rates (both upwards and downwards)?
5
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1answer
82 views
When and how do I lock a mortgage rate while shopping for a refinance?
We're in the process of hunting around for a lender in our area (US) to refinance our mortgage with.
I'm having a hard time understanding the steps in the application process. In particular once ...
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3answers
205 views
Should I pay points on my mortgage?
We're looking into refinancing from a 30 year mortgage at 5.5% (currently 23 years left) to a 20 year mortgage at 4.5%. Paying points will reduce the rate somewhat, but since we don't have extra ...
8
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7answers
572 views
Which type of mortgage is better? Fixed-rate, or Variable?
We just bought our first house and are contemplating fixed vs. variable. Our broker is really pushing for variable but we're just not sure. I know interest rates will probably be creeping up soon, ...
