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Fannie Mae Conventional 97 Mortgage Requires Just 3% Down THE “3% DOWN MORTGAGE” FROM FANNIE MAE For buyers looking for a low-down payment mortgage option that’s not backed by the FHA, Fannie Mae has two options — the HomeReady™ mortgage and the Conventional 97. HomeReady™ is limited to certain low-income census tracts; and areas with high minority concentrations. By contrast, […]
Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday. And the cumulative increases over the last three business days have all but wiped out last week’s falls. So, […] Continue reading
Today’s mortgage and refinance rates Average mortgage rates fell yesterday by roughly the same amount they rose on Tuesday. And that’s encouraging. By approaching 9:50 a.m. (ET), mortgage rates today […] Continue reading
Today’s mortgage and refinance rates Average mortgage rates nudged modestly higher yesterday. But we should probably count ourselves lucky they didn’t climb further. Once again, mortgage rates today look likely […] Continue reading
Today’s mortgage and refinance rates Average mortgage rates rose again yesterday and ended the week appreciably higher than they started it. We’re in a strange period for mortgage rates. Many […] Continue reading
Today’s mortgage and refinance rates Average mortgage rates moved higher last Friday. Indeed, they rose across the whole of that week. So far this morning, market movements are suggesting mortgage […] Continue reading
