fixed-rate loan Articles
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.
05.12.22
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?
02.25.22
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
01.26.22
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
11.19.18
When you’re buying a house, you have more to consider than just which property to purchase. You need to learn about the mortgage process, including if and when you should apply for a rate lock.
03.07.17
When it comes to comparing mortgage lenders, many new homebuyers confuse the annual percentage rate (APR) with the interest rate. In truth, these rates measure two very different things. Understanding the role that each of these numbers play in the total cost of your mortgage isn't only important for personal knowledge, it could save you thousands of dollars over the life of your loan.
Read more about APR vs. Interest Rate: What's the Difference?