AskMorty

Tag: mortgage broker

  • The Impact of the Iran War on U.S. Mortgage Rates and Housing Market

    Mortgage Rates Soar Amidst Global Uncertainty The recent escalation of tensions in the Middle East, particularly with regards to the Iran conflict, has sent shockwaves through global financial markets. This has led to a significant increase in mortgage rates, making it more expensive for homebuyers and homeowners to secure loans. As of March 2026, the current 30-year fixed mortgage rate… keep reading

  • Mortgage Rates Hit 3-Month High Amid Geopolitical Tensions and Fed Policy

    What’s Behind the Recent Mortgage Rate Hike? The average 30-year fixed-rate mortgage has been on a steady upward trajectory, reaching an unprecedented level of 6.22% in March 2026. As this rate marks the highest point over the past three months, it’s essential to understand what’s driving these fluctuations and how they will impact potential homebuyers. Current State of Mortgage Rates… keep reading

  • Mortgage Rates Hit Three-Year Low: What It Means for Homebuyers

    Mortgage Rates Have Hit an All-Time Low: What It Means for Homebuyers As of February 2026, mortgage rates have plummeted to their lowest point in over three years, currently standing at 6.01% for a 30-year fixed-rate loan. This significant drop has sent shockwaves through the housing market, sparking excitement among homebuyers and refinancers alike. But what does this mean for… keep reading

  • What Are Typical Closing Costs?

    When buying a home, closing costs are an important part of the process that many homebuyers tend to overlook. These costs are typically due at the end of the transaction and can be a significant out-of-pocket expense. If you’re wondering, “What are the typical closing costs in the US?” this blog will break down everything you need to know about… 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

  • Why Use a Mortgage Broker: Save Time, Money, and Stress

    Purchasing a home is one of the most significant financial decisions you’ll make in your lifetime. Navigating the mortgage landscape can be daunting, especially with the amount of available options, rates, and terms. This is where a mortgage broker comes in. Utilizing the expertise of a mortgage broker can streamline the home-buying process, save you money, and provide you with… keep reading

  • Types of Mortgages Explained: Fixed-Rate vs. Adjustable-Rate

    When you’re ready to buy a home, one of the first significant decisions you’ll face is choosing the right type of mortgage. The two main options are fixed-rate mortgages and adjustable-rate mortgages (ARMs). Understanding the differences between these options can help you make an informed choice that aligns with your financial goals and comfort level. Fixed vs Adjustable Rate: Understanding… keep reading

  • What is a Mortgage Broker?

    If you’re considering buying a home, you’ve likely come across the term “mortgage broker.” But what exactly does a mortgage broker do, and how can they help you in your home-buying journey? In this blog, we’ll dive into the role of a mortgage broker, the benefits of working with one, and how they can make your path to homeownership smoother… keep reading