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