What constitutes mortgage rates?

Answer Home ownership is part of the American dream. Of course, most home buyers cannot make the purchase in cash, and secure mortgage financing to buy property. Understanding how mortgages work is critic... Read More »

Top Q&A For: What constitutes mortgage rates

What constitutes a jumbo mortgage?

A mortgage is a loan used to purchase or construct your home. A jumbo mortgage is a home loan that exceeds the conforming loan limits set by Fannie Mae.Conforming Loan LimitsThe conforming loan lim... Read More »

Why Are Auto Rates Different Than Mortgage Rates?

Automobiles and real estate are two of the biggest purchases individuals can make. Some people assume they should have similar loan rates and conditions. However, rates differ not only between lend... Read More »

What is the apr on mortgage rates?

In finance and lending, the term APR stands for annual percentage rate. This figure represents the sum of the periodic interest rates on your mortgage or other credit accounts.FunctionThe APR is di... Read More »

What Are Mortgage Rates Tied To?

Mortgage rates are tied largely to economic factors, and to a smaller degree, to borrower history. The total effect of these factors causes mortgage rates to change daily. These changes impact the ... Read More »