Refinance category archives

Next week will be a big week for lenders and borrowers who are anticipating the details of President Obama’s housing plan. It won’t roll out until March 4, but we thought we’d review what we do know so far about qualifying for a refinance loan under Obama’s plan. To qualify, you must:

Owe between 80-105% of [...]

The weekly average rate  borrowers on Zillow were quoted for 30-year fixed mortgages stayed steady this week, moving from 5.23% to 5.25%. Some might have thought that the Homeowner Affordability and Stability Plan President Obama announced last week would’ve impacted rates more significantly.
We’ve heard that the new plan has increased optimism among many homeowners and [...]

Welcome to my refinancing experience. As you may have heard, refis are all the rage, so it’s no surprise that I’m doing it, too. This short series will detail my experiences as I try to do what many homeowners are hoping to do right now, which is refinance their home and lower their payments. My [...]

Earlier this week, Zillow Mortgage Marketplace reached a major milestone: Since the service launched in April 2008, more than 100,000 mortgage requests have been submitted by borrowers who are looking for a mortgage.  The 3,832 lenders who participate on Zillow Mortgage Marketplace have responded to these requests with more than 600,000 mortgage quotes.

Zillow Mortgage Marketplace has [...]

Today, Zillow Mortgage Marketplace reached a couple of impressive milestones: more than 50,000 loan requests have been submitted, and more than 3,000 lenders responded to those requests with 250,000 loan quotes. All of this activity has taken place since the product’s launch on April 3 — just three months ago!

In addition to the previous feedback [...]

Today, Zillow launched comprehensive, interactive mortgage rate charts with information on the most current mortgage rates being offered on Zillow Mortgage Marketplace. These aren’t your typical rate tables or charts — they are pretty unique for a number of reasons.
The rates are based on real quotes borrowers are receiving from lenders. They are not just [...]

Since launching Zillow Mortgage Marketplace a little over a month ago, we’ve received all sorts of recommendations and feedback from our users. We have been busy fixing a few things since then, but we’ve also recently added features the our lender community has asked for. We appreciate the great suggestions we’ve received and hope the new [...]

As you may have noticed, we recently made some additions to Zillow Mortgage Marketplace that help borrowers learn about their individual mortgage needs and the state of the current market.
Mortgage Calculators
We added 10 mortgage calculators to help borrowers answer important questions they may have before they begin shopping for a loan. They help calculate:

How Much [...]

For those of you who haven’t already heard the news, today Freddie Mac reached an agreement with Wells Fargo, Citibank, Washington Mutual and JPMorgan Chase to purchase mortgages up to $730,000 in some areas. What does this mean for you?
Traditionally, homes loans above $417,000 were considered jumbo, and were not backed by government-sponsored programs, including [...]

Some of you may have noticed some changes and additions we made to the Zillow Mortgage Marketplace landing page.  In addition to links directly to our Credit Score Estimator and Mortgage Help Center topics, we’re now making it easy for anyone visiting Mortgage Marketplace to look at loan requests and mortgage quotes happening in real [...]