Tag Archive: mortgage insurance

Interested in a rock-bottom rate you see online? You better understand its stipulations. Mortgage rates aren’t as straightforward as people think. The competitiveness of your mortgage rate is heavily influenced by whether your mortgage can be default insured. In some cases—like when you’re buying a home with less than a 20% down payment—you have no choice. You must buy default...

We don’t buy the numbers in this story. Its premise is that some people are better off paying for mortgage default insurance—even if they don’t technically need it—just to get a better rate. The reason: insured rates are lower than uninsured rates (45 bps lower, claims the broker in the story). Really? Let’s test this theory and see if mortgage...