The Fed rate, prime rate and your mortgage: what actually changes?
Understand a Fed rate headline, how prime-linked borrowing responds, and what to ask before locking a mortgage or choosing a HELOC.
Open resource ↗Practical guides, checklists, and tools for your next home decision. Read, save, print, or share—no account needed.
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Washington mortgage rates and quote comparison guide ↗Find the best mortgage lender for your situation. Compare matching quotes, total costs, loan options and closing reliability, then shop on your terms.
Build your comparison →Shopping guideExplore mortgage options with lower credit scores, including FHA, VA and USDA. Understand lender requirements, prepare your file and compare quotes privately.
Build your comparison →Shopping guideCompare first-time homebuyer lenders, down-payment assistance, preapproval review and full housing costs. Know which questions to ask before choosing.
Build your comparison →Shopping guideCompare mortgage fees, lender credits, points and cash to close. Learn why a low upfront cost may differ from the lowest cost over time.
Build your comparison →Shopping guideLearn how to compare mortgage rates, APR, discount points, lock periods and qualifying assumptions without mistaking a headline rate for your offer.
Build your comparison →Shopping guideCompare refinance rates, fees, loan terms and break-even timing. Measure payment relief against closing costs, payoff progress and the option of keeping your loan.
Build your comparison →Shopping guideCompare HELOC rates, margins, fees, draw periods and repayment risks. Understand borrowing capacity and how a second lien differs from cash-out refinancing.
Build your comparison →What changes when the Fed moves? Understand prime, fixed mortgages and HELOCs—and the questions to ask before you lock.
Read the plain-English guide →Understand a Fed rate headline, how prime-linked borrowing responds, and what to ask before locking a mortgage or choosing a HELOC.
Open resource ↗Before sharing your phone number for mortgage quotes, check who receives it, why it is needed, and how you can choose the next conversation.
Open resource ↗Understand calculator estimates, preliminary mortgage quotes, preapproval and official Loan Estimates—and when a lender needs personal information.
Open resource ↗A clear path from “maybe someday” to getting the keys.
Open resource ↗Gather the right paperwork before your first lender conversation.
Open resource ↗Separate the down payment, closing costs, and money you keep.
Open resource ↗Build a housing budget that leaves room for the rest of life.
Open resource ↗Know where to find the rate, costs, credits, and assumptions.
Open resource ↗Learn what mortgage APR includes, where to find it, and why loan type, upfront fees and your time horizon matter.
Open resource ↗Understand the trade between upfront cost and monthly payment.
Open resource ↗A practical worksheet for a fair, apples-to-apples comparison.
Open resource ↗Confirm what is locked, for how long, and under which conditions.
Open resource ↗Look beyond a lower rate to costs, term, and your goal.
Open resource ↗A focused list for an existing homeowner.
Open resource ↗Compare no-closing-cost refinance options, lender credits and financed fees. Use a fictional break-even example to understand upfront savings and later costs.
Open resource ↗Balance required payment, interest, and flexibility.
Open resource ↗Understand a credit line secured by your home.
Open resource ↗Separate estimated equity from an approved borrowing limit.
Open resource ↗Check the total cost and the risk, not only the new payment.
Open resource ↗Find errors and questions before a lender does.
Open resource ↗Calculate the ratio and understand what it leaves out.
Open resource ↗Make the business story and document trail easier to evaluate.
Open resource ↗Read a mortgage fee worksheet by separating loan charges, prepaid interest, initial escrow deposits and cash to close.
Open resource ↗A calm final review before signatures and keys.
Open resource ↗Review the balance, escrow, insurance, and changes in your goals.
Open resource ↗Understand certainty, adjustment rules, and the payment you could face.
Open resource ↗Compare the program’s full cost instead of choosing by its label.
Open resource ↗Make your first conversation more useful—and easier to compare.
Open resource ↗See principal, interest, taxes, insurance, and the full monthly picture.
Open calculator ↗Work backward from a housing payment that fits your life.
Open calculator ↗Compare payment relief, closing costs, and scheduled interest.
Open calculator ↗See how additional principal could change your payoff date.
Open calculator ↗Understand your estimated ratio before a lender conversation.
Open calculator ↗Compare a lower rate with the upfront price of getting it.
Open calculator ↗Compare interest-only, repayment, and higher-rate scenarios.
Open calculator ↗Annual percentage rate. A broader measure of financing cost that includes certain charges.
The estimated funds needed to complete closing after deposits, credits, and adjustments.
The document showing final mortgage terms and closing costs for covered transactions.
Combined loan-to-value. Total secured borrowing divided by the property value.
An upfront charge equal to 1% of the loan amount per point, usually exchanged for a lower rate.
Debt-to-income ratio. Monthly debt payments divided by qualifying gross monthly income.
An account a servicer uses to collect and pay certain property expenses, commonly taxes and insurance.
A revolving home equity line of credit secured by the property.
A credit toward closing costs, often in exchange for a higher interest rate.
A standardized summary of estimated mortgage terms, costs, and payments.
Loan-to-value. The loan amount divided by the property value used by the lender.
Principal and interest. The loan repayment portion of a mortgage payment.
An agreement to hold specified pricing for a period, subject to its conditions.
A recalculation of the required payment after a principal reduction when the loan’s terms allow it.
The company that handles payments and certain account administration for the mortgage.
The lender’s evaluation of the borrower, property, and loan against its requirements.