AskMorty

Tag: home loan tips

  • Rate Reality Check: What Homebuyers Should Compare Before Waiting at 7.4%

    If today’s 30-year mortgage rate of 7.4% has you stuck, here’s the rate reality check: do not focus only on whether rates might fall later. The better question is what home you can afford, what payment feels safe, and which loan option fits your plans right now. In this guide, you’ll learn how 7.4% changes your buying power, when waiting… keep reading

  • 7% Mortgage Choices: Fixed or ARM for Today’s Homebuyer?

    If rates are around 7%, the right loan depends on how long you expect to keep the home and how much payment risk you can handle. For many buyers, today’s 7% mortgage choices come down to one simple tradeoff: a fixed-rate mortgage gives steady payments, while an adjustable-rate mortgage may lower the payment at the start but can change later.… keep reading

  • High-Rate Homebuying: How to Buy Smarter While Rates and Prices Stay High

    If high-rate homebuying feels hard right now, you are not imagining it. As of this week in 2026, the average 30-year mortgage rate is around 6.49%, and home prices are still high in many markets. That means buyers are facing two costs at once: a bigger loan payment and a more expensive home. The good news is that you do… keep reading

  • Rates Dip, Inventory Builds: Is This Your Buying Window?

    If you have been waiting for a better buying window, this week gave buyers a little more room to breathe. The average 30-year fixed mortgage rate moved down to 6.48%, and the number of homes for sale kept rising. That does not mean every buyer should rush in. It does mean you may have more options, more negotiating power, and… keep reading

  • Mortgage Rates Are Back at 6.3%: Should You Buy Now or Wait?

    If you are wondering whether to buy now wait, the short answer is this: base your choice on your budget, timeline, and monthly payment, not on guessing next week’s rate move. As of this week in May 2026, the average 30-year fixed mortgage rate is back at 6.3%. That matters because even a small rate change can shift what home… keep reading

  • How to Remove PMI: Requirements for Different Loans

    Private Mortgage Insurance, commonly known as PMI, is a type of insurance that protects the lender if you default on your loan. PMI is typically required for conventional loans when your down payment is less than 20% of the home’s purchase price. While PMI can be helpful in allowing homebuyers to purchase a home with a smaller down payment, most… keep reading