Mortgage news, tips & tools

The Pennymac Mortgage Blog is where you'll find unbiased, useful info to help save you money, time and peace of mind during the mortgage process. If you have a mortgage or are about to get one, we think you'll find info here you can't always get elsewhere.


A 30-year mortgage has long been the industry norm, and for good reason: It allows the homebuyer to spread the loan out over a long period to keep payments as low as possible. But now that interest rates have dropped to near-record lows, 15-year mortgages are becoming more popular. Is a 15-year mortgage right for you?

Read more about Is a 15-Year Fixed Rate Mortgage Right for You?


A Jumbo loan exceeds the limits set by the Federal Housing Finance Agency to help you finance a home in a higher price range. Is it right for you?

Read more about What is a Jumbo Loan and How Does It Work?


You may have heard that you should refinance to lower your interest rate or shorten your loan term, but are those the only reasons?

Read more about Should I Refinance My House (And When Is the Best Time to Do It)?


Homeownership has been a keystone of the American dream. The ability to decorate your walls, paint a room sky blue, and live with a furry companion without landlord approval makes buying a home attractive, as do the substantial financial benefits such as tax savings and equity building. What’s more, there’s nothing like the peace of mind that comes from the knowledge that your home is truly yours.

Read more about The Pros and Cons of Buying a House


Shopping for a new home can be an incredibly exciting experience. Along with that excitement, you may also end up feeling overwhelmed or even intimidated, as the realization sets in on what a life-changing decision you are making. You will have many questions: Where should you buy? How many bedrooms do you need? And most importantly — does your home wish list fit your budget?

Read more about Mortgage Pre-Approval: What Is It? Why Do I Need It?


Want to renovate your home to make it more your own? Read what top design experts have to say about the most popular home interior design trends of 2022.

Read more about It’s 2022 - Home Decor Trends Have Dropped


Mortgage rates have been at record lows for nearly two years. Learn what the Fed’s tapering is and what it can mean for rates in the foreseeable future.

Read more about The Fed Is "Tapering" — What This “Pit Stop” Means For Mortgages


When you are buying a new home or refinancing your existing home loan, it’s likely you’ll be introduced to a wide variety of mortgage types. While it may seem logical for some to select a mortgage based on what friends or family have chosen, it’s actually most important to weigh whether or not a mortgage fits your individual lifestyle and future housing plans.

Read more about Everything You Want to Know About Adjustable-Rate Mortgages


UPDATE — The U.S. Federal Reserve once again announced that the federal funds rate would remain at near-zero levels.*

Read more about Your Guide to the Federal Reserve and Mortgages