Tips, trends and insights for homebuyers like you.
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![How FHFA Could Lower Mortgage Rates in 2025: A Look at GSE MBS Purchases]()
How FHFA Could Lower Mortgage Rates in 2025: A Look at GSE MBS Purchases
Background A scenario we are prepping for at Tomo is the event of Fannie Mae and Freddie Mac (the GSEs) stepping into the market to buy Mortgage Backed Securities, causing a sudden drop in mortgage rates this year, in 2025. Such a move could result in a drop in mortgage rates by as much as… Read more
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![2025 mortgage interest rate forecast]()
2025 mortgage interest rate forecast
See how Tomo Mortgage’s head of Capital Markets breaks down the latest mortgage rate forecasts, predictions, and outlooks for 2024. Read more
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![What is a “lock” in the mortgage world?]()
What is a “lock” in the mortgage world?
Locking in a mortgage rate is a strategic move that can secure a set interest rate for a specific period—helping to protect you from potential rate… Read more
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![Can you switch lenders while buying a house? Absolutely—and it might save you big]()
Can you switch lenders while buying a house? Absolutely—and it might save you big
Buying a home is already complicated, so you might think, “Once I’ve chosen a lender, the hard part is over, since all lenders offer roughly the… Read more
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![Understanding guaranteed loans: benefits, types, and requirements]()
Understanding guaranteed loans: benefits, types, and requirements
So, what exactly is a guaranteed loan? At its core, a guaranteed loan is a mortgage backed by a government agency like the FHA (Federal Housing… Read more
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![How to calculate your monthly mortgage payment like a pro]()
How to calculate your monthly mortgage payment like a pro
So, you’re ready to dive into the world of homeownership—congrats! Before you start picturing that dream kitchen, though, it’s time for a quick reality check: your… Read more
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![What to expect when you hear the term loan servicing]()
What to expect when you hear the term loan servicing
So, you’re diving into the world of homebuying, and you keep hearing the term “loan servicing.” What’s the deal with that? What is loan servicing anyway?… Read more
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![How to get a fair deal on a mortgage—what lenders try to hide in a Loan Estimate]()
How to get a fair deal on a mortgage—what lenders try to hide in a Loan Estimate
Right now, about 9 in 10 home buyers in America pay too much for their mortgage. Without knowing it, people pay steep fees and higher rates… Read more
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![Who is a grantor in the mortgage process?]()
Who is a grantor in the mortgage process?
When diving into the home buying process, one term you’ll likely encounter is “grantor.” So, what exactly is a grantor in the mortgage world? Simply put,… Read more
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![Seller concessions: a quick guide for homebuyers]()
Seller concessions: a quick guide for homebuyers
If you’re exploring the homebuying process, you’ve probably heard the term “seller concessions.” But what does it mean, and how can it benefit you as a… Read more
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![How is the interest rate on a home loan calculated?]()
How is the interest rate on a home loan calculated?
Navigating the world of home loans can feel like trying to solve a Rubik’s Cube blindfolded (yikes,) especially when it comes to understanding interest rates. But… Read more
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![What do contingent and contingencies mean when it comes to buying a house?]()
What do contingent and contingencies mean when it comes to buying a house?
“Contingent” and “contingency” have related but distinct meanings in real estate: In short, “contingent” describes the state of a contract, while “contingency” refers to the actual… Read more
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![Co-borrowing 101: when sharing a loan makes sense (and when it doesn’t)]()
Co-borrowing 101: when sharing a loan makes sense (and when it doesn’t)
A co-borrower is basically your mortgage sidekick—someone who applies for a loan with you and shares the responsibility of paying it back. This could be your… Read more
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![What does rent-to-own mean? A blueprint of key things to know]()
What does rent-to-own mean? A blueprint of key things to know
Let’s be real, rent-to-own is kind of a unicorn in the U.S. housing market. Roughly around 5% of home deals go down this way, so it’s… Read more
