Why Mortgages Are Declined: 50 Reasons You Might Be Denied a Ho… forum

There are several ways to get lower mortgage rates. You can get inflation down, which is a positive for bonds and thus mortgage-backed securities. Or you can get a slowing in the economy, driven by fewer job opening, higher unemployment, etc. Sadly, that latter path seems to be the one that’s “working” at the moment,… Read More » Least Desirable Path to Lower Mortgage Rates the Only One Working Right Now The post Least Desirable Path to Lower Mortgage Rates the Only One Working Right Now appeared first on The Truth About Mortgage .

The longer this aggressive uptrend goes on, the more it feels like 8% mortgage rates are inevitable. By some accounts, we are only about a half of a percentage point away. And given the current climate, which feels very much like a higher for longer scenario, it wouldn’t take much to get a nudge back… Read More » Are 8% Mortgage Rates a Foregone Conclusion? The post Are 8% Mortgage Rates a Foregone Conclusion? appeared first on The Truth About Mortgage .

Well, we got a tame PCE report this morning, which would normally be good news for mortgage rates. But instead of seeing bond yields drop and relief come, rates are under pressure once again. Part of the reason might be that GDP (and consumer spending) also came in stronger-than-expected today. The other might be that… Read More » Mortgage Rates Waiting on the Jobs Report for Their Next Move The post Mortgage Rates Waiting on the Jobs Report for Their Next Move appeared first on The Truth About Mortgage .

If you’ve ever looked at a mortgage rate chart, you’ll see that mortgage rates experienced a double-top in the early 1980s. That’s when mortgage rates hit all-time highs, with the 30-year fixed briefly rising above 18%. Those are the rates the Boomers always like to bring up when today’s young home buyers complain that rates… Read More » Mortgage Rates Could Top Out at 8.88% If History Repeats The post Mortgage Rates Could Top Out at 8.88% If History Repeats appeared first on The Truth About Mortgage .

Rocket Mortgage announced today that it will soon default to VantageScore 4.0 instead of the FICO score it relied upon for years. The switch is expected to take place in the fourth quarter of 2026 and all will apply to all eligible loan types. This includes loans backed by Fannie Mae and Freddie Mac, along… Read More » Rocket Mortgage Making the Switch From FICO to VantageScore The post Rocket Mortgage Making the Switch From FICO to VantageScore appeared first on The Truth About Mortgage .

Mortgage rates feel pretty hopeless right now. They’ve risen from sub-6% to the mid-7s in just the past six months. With a meteoric rise over the past month, climbing nearly a full percentage point. At this time last month, the 30-year fixed was around 6.75% and today it’s closer to 7.5%. So what can save… Read More » What Can Save Mortgage Rates? The post What Can Save Mortgage Rates? appeared first on The Truth About Mortgage .

Now that mortgage rates are the highest they’ve been since early 2025, the next logical question is how high will they go? How high do mortgage rates go this cycle? We’re currently averaging around 7.25%, so the next stop could be 7.50% and eventually 8%. For the record, 8% is the current cycle high for… Read More » What’s Next for Mortgage Rates? 7.50%? 8%? The post What’s Next for Mortgage Rates? 7.50%? 8%? appeared first on The Truth About Mortgage .

Just when it appeared that mortgage rates were chipping away, they’re back to new highs. And not just any old highs, but the highest highs since President Trump took office for his second term. The bellwether 10-year bond yield surged higher today after a hot inflation report, rising nearly 20 basis points. At the same… Read More » Mortgage Rates Now Highest Since Trump Took Office The post Mortgage Rates Now Highest Since Trump Took Office appeared first on The Truth About Mortgage .

Every day, we fret about small changes in mortgage rates, even if it amounts to just a handful of basis points. The 30-year fixed climbed from 7.17% to 7.22%! Oh no! Meanwhile, there are lenders out there offering the same loan for nearly one full percentage point higher. Some lenders are offering a rate of… Read More » Mortgage Rates Are Nearly 1% Apart Between Lenders Right Now The post Mortgage Rates Are Nearly 1% Apart Between Lenders Right Now appeared first on The Truth About Mortgage .

The past month has been really rough for mortgage rates, but we could be near a top. The 30-year fixed has risen from around 6.875% in early August to 7.25% today. However, the move higher could be running out of steam given the big increase in such a short period of time. What will dictate… Read More » Are Mortgage Rates Going Up or Down? The post Are Mortgage Rates Going Up or Down? appeared first on The Truth About Mortgage .

Mortgage rates are lower today after the market finally digested the first Fed rate hike since 2023. The Federal Reserve hiked its short-term rate 0.25% yesterday, leading to a temporary drop in mortgage rates, followed by a snap back higher. That had a lot of folks fearing for the worst, but today it’s a different… Read More » Maybe Mortgage Rates Did Like the Fed Rate Hike After All The post Maybe Mortgage Rates Did Like the Fed Rate Hike After All appeared first on The Truth About Mortgage .