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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![Will the housing market crash? Here’s what you need to know]()
Will the housing market crash? Here’s what you need to know
Let’s be real—there’s a lot of fear-mongering in the media about a housing crash. You’ve probably seen headlines like “Is the Housing Market About to Crash?”… Read more
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![The savings guide: how much to save for your first home]()
The savings guide: how much to save for your first home
Saving for your first home can feel like a daunting task. With rising prices and the many costs associated with homeownership, it’s easy to get overwhelmed… Read more
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![What is a second mortgage?]()
What is a second mortgage?
A second mortgage is basically another loan against your home after you’ve already taken out your first mortgage. It lets you tap into the equity you’ve… Read more
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![Moving day: mastering the chaos]()
Moving day: mastering the chaos
How do I handle the actual move like a pro? Confirm your movers’ ETA, and make sure everything’s boxed up, labeled, and ready to roll. Keep… Read more
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![What should I tackle before moving into my new home?]()
What should I tackle before moving into my new home?
Here’s your pre-move game plan Pre-move Pre-closing Post-move If you’re ready to start your journey to homeownership, get pre approved with Tomo Mortgage today. Read more
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![What does a “primary residence” mean when getting a mortgage?]()
What does a “primary residence” mean when getting a mortgage?
A primary residential mortgage is the loan you get for the place you actually call home—your main residence. It’s not for an investment property or a… Read more
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![What is a home appraisal and how much does it really cost?]()
What is a home appraisal and how much does it really cost?
So you’re about to buy a house and you’ve heard about this thing called an appraisal. What’s it all about, and how much is this going… Read more
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![Do I need to worry about a home inspection?]()
Do I need to worry about a home inspection?
A home inspection is like getting a checkup for the house you’re about to buy. A licensed inspector goes through all the critical stuff—foundation, roof, plumbing,… Read more
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![Who can get in on a VA loan?]()
Who can get in on a VA loan?
A VA loan is a mortgage loan backed by the U.S. Department of Veterans Affairs (VA). Its primary purpose is to help veterans, active-duty service members,… Read more
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![Is an FHA loan a good idea?]()
Is an FHA loan a good idea?
For some people, an FHA loan can be a golden ticket to home ownership. It’s backed by the Federal Housing Administration (ie, the FHA) and it’s… Read more
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![How do interest rates work? Understanding how mortgage companies make money]()
How do interest rates work? Understanding how mortgage companies make money
You’re paying to borrow. When you take out a mortgage, you’re borrowing a large sum from the bank or lender. The interest rate is essentially their… Read more
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![Does finding the lowest APR guarantee the best loan?]()
Does finding the lowest APR guarantee the best loan?
Lenders are going to show you multiple numbers when they give you a quote—the interest rate, the APR, the points (or costs for points), and fees.… Read more
