Interest rates are almost always offered in increments of 1/8th or .125, with 1 minor exception. (1) When you see advertised rates – or even a rate listed on a bank or lending website – you will often see odd
Understanding Advertised Rates
Why is my mortgage’s APR higher than my mortgage’s Interest Rate?
(This information relates to fixed rate loans only. The APR for Adjustable Rate Loans is not very useful because no one knows what the rate will be for all of the years after annual adjustments begin) You should look at
New Condo Guidelines for 2026
In March Fannie Mae announced new condo guidelines, which will change how condominium purchases are underwritten. For all mortgages, the loan is dependent on 1) approval of the borrower, and 2) approval of the appraisal (and the appraised value). For a