Mortgage news, tips & tools – Page 2

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.


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


So, you’ve finally found your dream vacation house. Sure, it may need a little work — okay, a lot of work — but you’re confident it will all be worth it in the end. That is, until your home renovation projects start to go down the toilet (or worse, the toilet starts falling through the floor). Buying a vacation home? Here’s how to know if the property you’re considering is a great investment, or just a great way to empty your wallet.

Read more about Buying a Vacation Home: 4 Critical Factors & Expert Advice


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.

Read more about 5 Expert Real Estate Marketing Tips


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?

Read more about New Homes vs. Old Homes: Which Is Right For You?