The average 30-year fixed mortgage rate had topped 6% earlier this week, but has since fallen again. According to Zillow, the current 30-year fixed rate is 5.95%. You may qualify for an even lower rate if you qualify for a government-backed mortgage. For example, the current average rate on a 30-year VA loan is only…
A loan modification is a long-term mortgage relief option for borrowers experiencing financial hardship, such as loss of income due to illness. A modification typically changes the rate, term, or both of the loan to make monthly payments more affordable. If you want to modify your mortgage, you must provide proof of hardship to your…
According to Zillow, mortgage rates are rising. The average 30-year fixed mortgage rate has increased 13 basis points to 6.10%and the 15-year fixed rate has risen 14 basis points to 5.55%. However, remember that these are national averages. Depending on your location, financial profile, and mortgage lender, you may be able to get a lower…
