Inman Insights
Inman Insights
Interest Rates
This is the NATIONAL AVERAGE in the U.S.
Typically my rates are lower than the rates published here, but every situation is different. This average is best used to track daily changes in the markets. It reflects ACTUAL locked loans from thousands of lenders & institutions accross the country and is updated every single day.Loan Programs
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Conventional
A “conventional loan” simply refers to any residential mortgage loan that is not insured or guaranteed by the federal government. This is the most common loan program & make up the largest share of…
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FHA Loan
“FHA loans” are government-backed loans insured by the Federal Housing Administration. The original intent of these was to free up credit & help lower-income borrowers obtain a mortgage who would otherwise have trouble qualifying…
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VA Loan
A “VA loan” is a government-backed mortgage guaranteed by the Department of Veterans Affairs available to both veterans and active duty service members. The most notable aspect of a VA home loan is its zero down payment requirement, which is also available to surviving spouses.
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USDA Loan
The U.S. Department of Agriculture isn’t just in the farming business, they also run a pretty substantial home loan program that offers mortgages with zero money down. These “USDA loans” are offered to home buyers throughout the country who purchase properties in so-called “rural areas.”
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First-Time Homebuyer Loan
Contrary to popular belief, here is no such thing as a “First-Time Homebuyer” Loan. Although a very common misconception, this is actually just a down payment assistance program stacked on top of a Conventional, FHA, VA, or USDA Loan..
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Jumbo Loan
A “jumbo loan” is a mortgage with an amount that exceeds the conforming loan limit set by the Federal Housing Finance Agency, which oversees Fannie Mae & Freddie Mac. The limit changes annually and is currently $766,550 for a one-unit property for 2024. If your loan is above that amount, it means that it is not…
Market Updates with NO BS.
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Refinance Comparison Calculator
Original Loan
New Loan
All Debts
| Lender | Payment | Balance | Paid at close? |
|---|---|---|---|
Current Payment
$0.00
New Payment
$0.00
Total Current Outflow
$0.00
New Outflow
$0.00
New Loan:
| Total Debts | Current | Proposed |
|---|---|---|
| Minimum Payments (without Mortgage) | $0.00 | $0.00 |
| Mortgage Balance | $0.00 | $0.00 |
| Time Left on Current Loan | $0.00 | $0.00 |
| Taxes | $0.00 | $0.00 |
| Insurance | $0.00 | $0.00 |
| PMI | $0.00 | $0.00 |
| Rate | $0.00 | $0.00 |
| TOTAL Payments | $0.00 | $0.00 |
Debts to Be Paid
| Account Name | Payment | Balance |
|---|---|---|
| TOTAL | $0.00 | $0.00 |
Savings are based on the difference between your current monthly payments and the proposed loan payment
Monthly Savings
$0.00
Yearly Savings
$0.00
5 Year Savings
$0.00
Life of Loan Savings
$0.00
Years Removed with Current Payment
$0.00
Cash Back at Closing
$0.00
NMLS# 2322797
| Original Loan | New Loan | |||
|---|---|---|---|---|
| Original loan amount | $0.00 | New loan amount | $0.00 | |
| Original Term (years) | 0 | New Term (years) | 0 | |
| Current Rate | 0.000% | New Rate | 0.000% |
| Value of home | Taxes | Insurance | PMI | APR |
|---|---|---|---|---|
| $0.00 | $0.00 | $0.00 | $0.00 | 0.00% |
| Current Payment | New Payment | Total Current Outflow | New Outflow |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | $0.00 |
| New Loan |
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| Savings |
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| $0.00 |
| Debts to be paid |
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Savings are based on the difference between your current monthly payments and the proposed loan payment