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.
UPDATE — The U.S. Federal Reserve once again announced that the federal funds rate would remain at near-zero levels.*
Real estate, like many other industries, has been fundamentally changed by technology. Add in a worldwide pandemic to the mix, and technology has become the lifeline of the entire industry. New platforms and products can help you sell a home in new ways, but that doesn't mean that all traditional real estate marketing ideas have to be kicked out to the curb — the key is figuring out what works best for you and your selling agent.
What does your ideal home look like? Is it a classic Victorian set far back from the road with stately elm trees shading the formal garden, or a brand-new split level in an up-and-coming housing development with a communal pool, tennis courts, and a playground for the kids?
With rates so low and the removal of the Adverse Market Refinance Fee by the FHFA, it’s an ideal time to refinance. Learn more.
When it comes to remodeling plans, most homeowners immediately think of upgrades to be made inside of the house. Kitchen and bathroom updates are some of the first ideas that usually come to mind, but you can get great returns from making outdoor renovations and improvements.
Whether you are buying or selling a home, your real estate agent will be your partner through one of the most significant transactions of your life. Finding the right agent should involve careful planning and research, but many of us just don’t know where to start. Here are 12 questions that will help you avoid the bad actors in your search for a great real estate agent.
Purchasing a new home is a huge undertaking. Whether you’re a first-time homebuyer or you’ve navigated the waters before, the process can be overwhelming. But you don’t have to go it alone. A real estate agent—specifically a buyer’s agent—will help with every step of the of the homebuying process.
Like many American homeowners, your first mortgage may have been a loan with the Federal Housing Administration (FHA). Loans backed by the FHA are attractive to first-time homebuyers because FHA loans make it easier to obtain financing, requiring only minimal down payments and fair-to-good credit scores.