Today, mortgage rates are the lowest they’ve been in years. It’s the ultimate time for home seekers to become homebuyers, and home renters to become homeowners—so why aren’t people rushing to their mortgage advisors to begin the buying process? According to The Washington Post, it’s most likely because of their sub-perfect credit scores. Many people fear they will not qualify for a mortgage with an imperfect credit score, but this is not true!

Britain has now voted to leave the European Union and the most prominent effect Americans will experience from this decision is the predication that interest rates will remain at all-time lows for an extended period of time. This comes at a time when rates are already 17% lower than the median of this decade.

Millennial buyers are flocking in droves to the new trend in loan financing: 3% down mortgages. This new pricing model is only two years old, yet according to HousingWire, a popular mortgage news source, it's here to stay. In fact, in their latest article, “Are 3% down mortgages the new normal?”, mortgage experts discuss why the flashy new option is actually a sound financial strategy.

Happy first day of summer! With the days only growing hotter and mortgage rates continuing to decline, I’m sure buying a summer beach house has become much more tempting. Especially after last week’s mortgage report from Freddie Mac, detailed in our article “Now’s The Time To Refinance Your Mortgage,” many homebuyers are jumping on the opportunity to buy a new or second home at historically low interest rates.

Summer is in the air! With a seasonal vacation on the horizon, it’s time to start thinking about saving up for those vacation expenses. According to HousingWire, a popular U.S. financial news source, simply refinancing your mortgage may be your perfect saving opportunity this year. Here are three reasons why.

Buyers are often excited to begin their search for a new home, but tend to forget the first and most important step to the buying process: mortgage pre-approval. In this process, a lender will ultimately determine the buyer’s housing price range, which, as we discussed in 5 Key Strategies For First-Time Homebuyers, makes the house hunting experience much more efficient and effective. By following these five steps, you have a significantly higher chance of getting pre-approved for a mortgage.

Mortgage lenders typically require at least a 20 percent down payment on the purchase of a home to avoid paying for private mortgage insurance. Before January of 2016, these PMI costs ranged from 30 basis points (.30%) to 125 basis points (1.25%) of a borrower’s annual loan balance. With such costly insurance, homebuyers were constantly looking to avoid this mandatory coverage.

Buying a new home is one of the most exciting decisions of your life—especially if you’re a first-time homebuyer. With endless decorative decisions to make and countless open houses to attend, it’s important not to overcomplicate the simple and rewarding process of home buying. Here are five tips to ensure that your first home buying experience is amazingly easy and stress-free.

This morning, the Bureau of Labor Statistics released its much-anticipated Non-Farm payroll report, which fell significantly short of the Bureau’s expectations. According to the data, only 38,000 jobs were added to the U.S. job market in the month of May. This is more than 100,000 less than the determined “low range” of analyst estimates established before the report’s release.

According to MGIC Connect, a popular mortgage industry blog, single women now follow married couples as the second largest group of homebuyers in the country. Up two percent from the end of 2015, single women constitute 18 percent of this year’s homebuyers, followed by unmarried couples at 15 percent, single men at 11 percent, and other at two percent.