Peter Warden

1 week ago | themortgagereports.com | Peter Warden

It’s normal to wonder whether you can get a HELOC on a house that’s already paid off. After all, HELOCs and home equity loans are often called second mortgages—so how can you get one if there’s no first mortgage in place? The good news: you can. In fact, getting a HELOC on a paid-off home is often simpler because you have 100% equity to borrow from. Balances on HELOCs rose by $6 billion just in the first three months of 2025, according to the Federal Reserve Bank of New York.

3 weeks ago | money.usnews.com | Peter Warden |Colin Hogan |Gina Freeman

Company OverviewHeadquartered in Indian Land, SC, Movement Mortgage opened for business in 2008. It now operates in all 50 states and has loan officers in more than 775 locations nationwide. BBB RatingA+year established2008Movement Mortgage Ratings OverviewAffordability Customer Service Movement Mortgage Mortgages Are Best For: People who want a broad choice of mortgage products. People who wish to close their loan quickly. People who need help with their FHA loan down payment.

1 month ago | themortgagereports.com | Peter Warden

Suppose you’re a younger first-time homebuyer, finally ready to enter the market — only to find few, if any, homes available. You might be facing a surprising culprit: the senior housing shortage. How does that affect you? Picture your local housing market as a ladder, and you're trying to step onto the first rung. The problem is, that rung is crowded with people who want to move up — but can’t, because the rungs above them are also full.

1 month ago | money.usnews.com | Peter Warden |Colin Hogan |Gina Freeman

Getty ImagesA trustworthy lender is just as important as a low interest rate. Key Takeaways Online lenders tend to offer the lowest rates, but you'll want to thoroughly research your options. If your bank or credit union's offer is close to the best, you may be more comfortable going with it. Avoid red flags like high origination fees, pressure to sign up quickly or failure to disclose the loan's APR upfront. This is not a time to borrow casually.

1 month ago | mortgageresearch.com | Peter Warden

The average 30-year fixed rate mortgage is 6.9% today, an increase of 0.02% since yesterday. The 15-year fixed mortgage rate stands at 5.9%, up by 0.04%. The 30-year FHA mortgage now averages 6.19%, having risen by 0.04. Meanwhile, the 30-year jumbo mortgage rate is 7.55%, reflecting an increase of 0.19%. The bigger picture Like so many economic reports recently, yesterday's consumer price index (CPI) barely affected mortgage rates.