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Getting Mortgage Help From A Robot?

Ever wonder why you get spammed after you fill out an online form for mortgage rates? At Rates in Motion, we don't do that.

Mortgage Rates Recover With Help From an Old Friend

" Looser guidelines = new exotic mortgages are now encouraged and buyers previously unqualified for a home loan are suddenly approved in spite of previous regulations and consumer protections, which conveniently happen to have been "removed" prior to slowdown. Bubble creation (huge consumer owned real estate pool ripe for taking) avoided or sustained as long as possible (due to lessons learned from the previous 81, 90, 2001, and 2008 recessions) in order to maximize massive profits at shorter terms than stock market returns, 30 year mortgages, or government bonds (with minimal loss to income widget). Risky? No. Its real estate. Its going to sell and will be sold when the price is right for the current holder of the note. Banks/investors knew what the result of previous looser guidelines would be long before the 2008 recession hit. Massive defauts leading to massive foreclosures leading to massive buying and later selling opportunities. Tired of old income producing models. Why wait. Make your own income producing vehicle but do it on a massive scale with easy scapegoats. The consumer and the lenders who enable them. Don't be surprised. Rather, be prepared. Buy low, Sell high. Billionaire's rule: Wait for the panic, buy, buy, buy low and often. Wait for the calm, sell, sell, sell high and often. Billionaire's new mantra: Why guess the low price of a widget in order to maximize profit when you can control when the low price will happen. Buy low, sell high defined? Buy Low, Sell High. The practice of buying a security when its price is (or is perceived to be) low and selling it when its price is high. "The ability to buy low and sell high requires one to be able to determine roughly when the low and high prices for a security occur". Its against law, right? There are protections, right. Right?" href="/10122018_mortgage_underwriting.

Mortgage rates move upward for Monday

30-year fixed mortgages

The average rate for a 30-year fixed mortgage is 4.75 percent, an increase of 1 basis point from a week ago. A month ago, the average rate on a 30-year fixed mortgage was lower, at 4.66 percent.

At the current average rate, you’ll pay principal and interest of $521.65 for every $100,000 you borrow. That’s an extra $0.61 compared with last week.

You can use Bankrate’s mortgage calculator to estimate your monthly payments and see how much you’ll save by adding extra payments. It will also help you calculate how much interest you’ll pay over the life of the loan.

15-year fixed mortgages

The average 15-year fixed-mortgage rate is 4.09 percent, up 7 basis points since the same time last week.

Monthly payments on a 15-year fixed mortgage at that rate will cost around $744 per $100,000 borrowed. The bigger payment may be a little harder to find room for in your monthly budget than a 30-year mortgage payment would, but it comes with some big advantages: You’ll save thousands of dollars over the life of the loan in total interest paid and build equity much more quickly.

Mortgage Rates?

My mortgage rate went up extremely high and now I'm in aw of it dont want to loose my house...What shall i do...I though that a Fixed rate would keep me at my same payment...Someone with a lot of knowledge plz help...And Thank You for your help ...


I wish I could help you more. 1) Find a good, reputable mortgage broker in your area. They can look over what you have and explain it.