Over the weekend, the administration bounced the idea of having a 50-year mortgage. This was followed up by the FHFA director, Bill Pulte, stating that they are working on a plan. The reactions to this announcement are across the board with some embracing it as the miracle that will help create more affordability to others viewing it as a subprime product. Mortgage originators have been quick to post rates comparing 50 year mortgage to what may be available with a 30-year. Even if this product becomes available, in my opinion, it’s highly unlikely a 50-year amortized mortgage will have the same rate as a 30-year fixed. Just look at how mortgage rates are priced when you compare a 30-year to a 15-year amortized mortgage. Click here for current mortgage rates for your personal scenario. [Read more…]
The 50 Year Mortgage Idea
Homebuyer Workshop: Qualifying for a Mortgage – Your Job, Money and Debts
Wondering how lenders decide how much home you can afford?
Join me for the next session in my First-Time Homebuyer Workshop series where we’ll break down:
- How your income and job history factor into qualifying
- How your income and job history factor into qualifying
- What debts matter most (and which ones don’t)
- Strategies to improve your debt-to-income ratio
- Real examples of how different loan programs view qualifying
Date: Wednesday, November 12, 2025
Time: 12:00 – 1:00 pm (Lunch & Learn)
Where: Free Zoom Webinar — cameras off, learning on!
RSVP at www.mortgageporter.com/education
Attendees get access to an online dashboard with recordings of all past workshops, including sessions on credit and down payment strategies.
Let’s make sure you’re fully prepared to qualify with confidence!
The Mortgage Porter Weekly: November 3, 2025
How are mortgage rates doing following the Fed rate drop last week and what’s on the calendar this week that could influence the direction of mortgage rates? Check out my latest episode of The Mortgage Porter!
If you would like to see current rates based on your personal financial scenario, I’m happy to provide you with a no-hassle mortgage interest rate quote!
Fed Drops Funds Rate a Quarter Point
The Fed cut rates to the Funds Rate by 25 basis points today, as expected. Although the Fed Funds rate is lower, mortgage rates are actually moving higher as I’m writing this. Mortgage rates are NOT controlled by the Fed.
Mortgage-backed securities are down about 32 basis points.
The Mortgage Porter and Mortgage Rate Update for the Week of October 27, 2025
My apologies! I’m running a day behind. I have a purchase that has a quick closing time that required some extra attention yesterday and as much as I love to share information with you via this blog, my clients come first!
So without further ado, here is this week’s update!
Mortgage rates have been at very low levels and we have the wrap up of the Fed’s meeting tomorrow. Check out my latest video to learn how the Fed’s expected rate cut of 25 basis points may impact mortgage rates.
If you would like a mortgage rate quote based on your personal financial scenario, or if you’re thinking about buying or refinancing a home, please contact me!
PMMS Reports Mortgage Rates at the Lowest Level in Over a Year
Freddie Mac released their weekly Prime Mortgage Market Survey this week showing the lowest rates for the 30-year fixed in over a year.
Free Virtual Workshop: How Much Money Do You Need to Buy a Home?
Buying a home takes more than just a down payment — but how much do you really need? In this quick and informative session, you’ll learn exactly what goes into your total “cash to close,” including down payment options, closing costs, and other upfront expenses.
You’ll walk away with a clear understanding of:
✅ How much money you actually need to buy a home
✅ Low down payment loan options (you don’t always need 20%)
✅ What closing costs and prepaids cover
✅ Tips and strategies for saving for your down payment
✅ How gift funds or wedding gifts can help
Whether you’re planning to buy soon or just starting to save, this class will help you create a realistic plan to reach your homeownership goals.
🕓 Duration: 1 hour
📍 Location: Zoom (link provided after registration). Register here or by scanning QR code above.
🎓 Who it’s for: First-time and repeat buyers who want to understand what it really costs to buy a home
The Mortgage Porter – Mortgage Rates for the Week of October 20, 2025
This week’s episode shows mortgage rates trending lower and we go over 10 different factors that impact how a mortgage interest rate is priced.
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