How Soon Can You Refinance a Mortgage? Here Are the Rules
How soon you can refinance a mortgage depends on the type of home loan you have and the type of refinance mortgage you’re getting. Some mortgages let you refinance immediately…
Holden Lewis
Holden Lewis is NerdWallet's authority on mortgages and real estate. He has reported about mortgages since 2001, covering a boom, a bust and a recovery. He has been president of the National Association of Real Estate Editors and has won writing awards from NAREE, the Society of American Business Editors and Writers, and the Society of Professional Journalists. In 2014, he addressed NeighborWorks America's annual conference on the subject of homeownership in the era of change. He is rehabbing his mom's house. Email: [email protected].
Posts by Holden Lewis:
Mortgage Outlook: A Light Lift to September Rates
September mortgage rates forecast The interest rate on the most popular mortgage has fallen to record lows for three months in a row. That streak might snap in September. The…
The Property Line: Don’t Let New Fee Stop You From Refinancing
Millions of homeowners could still benefit from refinancing their mortgages to get a lower interest rate. This is true even after a federal regulator startled lenders by dictating a new…
Mortgage Outlook: Recession Presses Down on August Rates
August mortgage rates forecast Mortgage rates are likely to set record lows in August for the third month in a row. The 30-year fixed-rate mortgage averaged 3.18% APR in July,…
The Property Line: Mortgage Trends for the Rest of 2020
In December 2019, I described 10 housing and mortgage trends to watch for in 2020. But “deadly pandemic” was missing from my bingo card. Some of the trends I predicted…
Physician Loans: Flexible Mortgage Lending for Doctors
What is a physician loan? A physician loan is a mortgage for medical doctors that doesn’t require private mortgage insurance, or PMI, even with a small or no down payment.…
What Is APR and How Does It Affect Your Mortgage?
Annual percentage rate, or APR, reflects the true cost of borrowing. Mortgage APR includes the interest rate, points and fees charged by the lender. APR is higher than the interest…
Mortgage Outlook: Rates to Tread Water in July
July mortgage rates forecast The interest rate on the 30-year fixed-rate mortgage remained near record lows in June and is likely to stay there in July. The 30-year fixed averaged…
The Property Line: 3D Home Tours Let Buyers Explore From Afar
As you browse homes for sale online, digital slideshows dish out equal helpings of information and frustration. Every photo frames what the seller wants you to see. Want to shift…
Mortgage Outlook: Low, Stable Rates in June
June mortgage rates forecast With mortgage rates so low, June is a good time to refinance. There’s no need to rush, though: Interest rates might remain near record lows for…
