The Truth About Mortgage https://www.thetruthaboutmortgage.com/ Your guide to a smarter home loan. Thu, 08 Oct 2026 18:01:10 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 https://www.thetruthaboutmortgage.com/wp-content/uploads/2023/02/cropped-TTAM-min-32x32.png The Truth About Mortgage https://www.thetruthaboutmortgage.com/ 32 32 Mortgage Rates Stuck Near Recent Highs Despite a Strong Bond Auction https://www.thetruthaboutmortgage.com/mortgage-rates-stuck-near-recent-highs-despite-a-strong-bond-auction/ https://www.thetruthaboutmortgage.com/mortgage-rates-stuck-near-recent-highs-despite-a-strong-bond-auction/#respond Thu, 08 Oct 2026 18:01:08 +0000 https://www.thetruthaboutmortgage.com/?p=43257 Yesterday’s big worry was the 10-year Treasury auction. Would there be any appetite for bonds? Well, it turned out to be good news because it actually went well. Mortgage rates had initially climbed on the day, but made their way back down in the afternoon. But the move wasn’t sizable and likely won’t bring much… Read More »Mortgage Rates Stuck Near Recent Highs Despite a Strong Bond Auction

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]]> https://www.thetruthaboutmortgage.com/mortgage-rates-stuck-near-recent-highs-despite-a-strong-bond-auction/feed/ 0 UWM Removes Minimum Credit Scores on Most Mortgages https://www.thetruthaboutmortgage.com/uwm-removes-minimum-credit-scores-on-most-mortgages/ https://www.thetruthaboutmortgage.com/uwm-removes-minimum-credit-scores-on-most-mortgages/#respond Wed, 07 Oct 2026 21:38:00 +0000 https://www.thetruthaboutmortgage.com/?p=43255 The nation’s largest mortgage lender just got rid of its minimum credit score requirement on most home loans. The move is effective immediately and applies to conventional loans backed by Fannie Mae and Freddie Mac, as well as FHA, VA, and USDA loans. Instead of relying upon a hard credit score floor, such as a… Read More »UWM Removes Minimum Credit Scores on Most Mortgages

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]]> https://www.thetruthaboutmortgage.com/uwm-removes-minimum-credit-scores-on-most-mortgages/feed/ 0 Mortgage Rate Relief Lasts All of One Day https://www.thetruthaboutmortgage.com/mortgage-rate-relief-lasts-all-of-one-day/ https://www.thetruthaboutmortgage.com/mortgage-rate-relief-lasts-all-of-one-day/#respond Wed, 07 Oct 2026 15:56:49 +0000 https://www.thetruthaboutmortgage.com/?p=43253 Well that didn’t take long. One day after mortgage rates finally caught a much-needed break, bond yields are right back at new 52-week highs. The bellwether 10-year yield briefly touched 5.35% this morning, the highest level since 2002. That means 30-year fixed mortgage rates will probably give back yesterday’s gains and possibly more. I expect… Read More »Mortgage Rate Relief Lasts All of One Day

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]]> https://www.thetruthaboutmortgage.com/mortgage-rate-relief-lasts-all-of-one-day/feed/ 0 Mortgage Rates Finally Fall, But Not By Much https://www.thetruthaboutmortgage.com/mortgage-rates-finally-fall-but-not-by-much/ https://www.thetruthaboutmortgage.com/mortgage-rates-finally-fall-but-not-by-much/#respond Tue, 06 Oct 2026 15:57:40 +0000 https://www.thetruthaboutmortgage.com/?p=43250 It’s been tough sledding for mortgage rates since early March. And especially rough over the past month and change, with very few down days. But today just might be a winner though because both oil prices and bond yields moved lower. That means 30-year fixed mortgage rates should also get some much-needed relief. However, the… Read More »Mortgage Rates Finally Fall, But Not By Much

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]]> https://www.thetruthaboutmortgage.com/mortgage-rates-finally-fall-but-not-by-much/feed/ 0 Mortgage Rate Lock-In Is Baaack https://www.thetruthaboutmortgage.com/mortgage-rate-lock-in-is-baaack/ https://www.thetruthaboutmortgage.com/mortgage-rate-lock-in-is-baaack/#respond Mon, 05 Oct 2026 17:45:44 +0000 https://www.thetruthaboutmortgage.com/?p=43248 Everyone knows mortgage rates are a lot higher today than they were just a month ago. We’re all aware that housing affordability has gone downhill quick as a result. But one thing we might be forgetting is mortgage rate lock-in, the phenomenon where existing mortgage rates and market rates diverge sharply. When the difference becomes… Read More »Mortgage Rate Lock-In Is Baaack

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]]> https://www.thetruthaboutmortgage.com/mortgage-rate-lock-in-is-baaack/feed/ 0 Least Desirable Path to Lower Mortgage Rates the Only One Working Right Now https://www.thetruthaboutmortgage.com/least-desirable-path-to-lower-mortgage-rates-the-only-one-working-right-now/ https://www.thetruthaboutmortgage.com/least-desirable-path-to-lower-mortgage-rates-the-only-one-working-right-now/#respond Fri, 02 Oct 2026 16:30:31 +0000 https://www.thetruthaboutmortgage.com/?p=43242 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

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]]> https://www.thetruthaboutmortgage.com/least-desirable-path-to-lower-mortgage-rates-the-only-one-working-right-now/feed/ 0 Are 8% Mortgage Rates a Foregone Conclusion? https://www.thetruthaboutmortgage.com/are-8-mortgage-rates-a-foregone-conclusion/ https://www.thetruthaboutmortgage.com/are-8-mortgage-rates-a-foregone-conclusion/#respond Thu, 01 Oct 2026 18:07:59 +0000 https://www.thetruthaboutmortgage.com/?p=43239 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?

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]]> https://www.thetruthaboutmortgage.com/are-8-mortgage-rates-a-foregone-conclusion/feed/ 0 Mortgage Rates Waiting on the Jobs Report for Their Next Move https://www.thetruthaboutmortgage.com/mortgage-rates-waiting-on-the-jobs-report-for-their-next-move/ https://www.thetruthaboutmortgage.com/mortgage-rates-waiting-on-the-jobs-report-for-their-next-move/#respond Wed, 30 Sep 2026 17:33:03 +0000 https://www.thetruthaboutmortgage.com/?p=43229 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

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]]> https://www.thetruthaboutmortgage.com/mortgage-rates-waiting-on-the-jobs-report-for-their-next-move/feed/ 0 Mortgage Rates Could Top Out at 8.88% If History Repeats https://www.thetruthaboutmortgage.com/mortgage-rates-could-top-out-at-8-88-if-history-repeats/ https://www.thetruthaboutmortgage.com/mortgage-rates-could-top-out-at-8-88-if-history-repeats/#comments Tue, 29 Sep 2026 16:36:41 +0000 https://www.thetruthaboutmortgage.com/?p=43226 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

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]]> https://www.thetruthaboutmortgage.com/mortgage-rates-could-top-out-at-8-88-if-history-repeats/feed/ 2 Rocket Mortgage Making the Switch From FICO to VantageScore https://www.thetruthaboutmortgage.com/rocket-mortgage-making-the-switch-from-fico-to-vantagescore/ https://www.thetruthaboutmortgage.com/rocket-mortgage-making-the-switch-from-fico-to-vantagescore/#respond Mon, 28 Sep 2026 23:50:05 +0000 https://www.thetruthaboutmortgage.com/?p=43222 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

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