RESEARCH & LEARN

Loans


Check Local Mortgage Rates

Today's Average 3.84%
Mortgage Newsletter

FHA Loans

Loan Programs

VA Loans

Learn More About...

Mortgages

In addition to mortgage loans for home purchases, there are also other loans available for various purposes that use the home for collateral.

Rates

Mortgage interest rates are determined by credit history strength, the number of points you pay, the size of your down payment and the type of loan program you choose.

Home Buying

Obtaining funding is crucial to buying a home. This requires applying for a mortgage, choosing a house that meets the appraisal standards, and determining the amount of the down payment.

Loans

There are dozens of different types of mortgage loan programs. They have been created to suit the varying needs of homebuyers.

Moving

When making a big move, it's essential to find out as much as possible about the schools, the neighborhoods, the housing costs and the community resources.

MORE MORTGAGE ARTICLES

What Are Typical Mortgage Down Payments?

Traditional mortgage down payments have always been 10 to 25 percent of the total purchase price of the property. more

Second Mortgages: Advantages and Disadvantages

A second mortgage is a loan taken out against the value of your property, in addition to your primary mortgage. These loans can offer great benefits, but they certainly come attached with some large risks as well. more

3 Warning Signs of Loan Modification Scams

Loan modification has become very popular in recent years with mortgage lenders. It has been used in a variety of different ways to change the existing terms of mortgages that they hold. While sometimes loan modification can be to your advantage, many times it is not. There are many loan modification scams out there that you should be aware of. Here are a few warning signs to watch out for with loan modification. more

The Mortgage101 Blog

FROM THE MORTGAGE101 BLOG

Low Inventory, Rising Prices Slow January Home Sales

Sales of existing U.S. homes dropped in January, according to the National Association of Realtors, a product of both seasonal and unique market factors. Total sales fell 4.9 percent to a seasonally adjusted annual rate of 4.82 million in January, down from December’s 5.07 million. Even though sales decreased to their lowest rate in nine month, they were still 3.2 percent higher than the previous year. “January housing data can be volatile because of seasonal influences, but low housing supply and the ongoing rise in home prices above the pace of inflation appeared to slow sales despite interest rates remaining near historic lows,” said NAR chief economist Lawrence Yun. “Realtors are reporting that low rates are attracting potential buyers, but the lack of new and affordable listings is leading some to delay decisions.” The median existing-home price rose to a national average of $199,600, a 6.2 percent increase from January 2014 and the 35th straight month over year-over-year price gains. Meanwhile, total inventory of existing-homes edged up 0.5 percent from December to 1.87 million available properties, but it remains 0.5 percent below the year-ago level. At the current sales pace, there is a 4.-7-month supply of homes on the market. And mortgage interest rates fell during January, with Freddie Mac reporting that the monthly average on a 30-year fixed rate mortgage slipped to 3.67 percent, a 20-month low, down from 3.86 percent in December. “Although sales cooled in January, home prices continued solid year-over-year growth,” Yun commented. “The labor market and economy are markedly improved compared to a year ago, which supports stronger buyer demand. The big test for housing will be the impact on affordability once rates rise.” more