Tips, trends and insights for homebuyers like you.
Filter by:
-
![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
By:
•
-
![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
-
![How much money do I need to buy a house?]()
How much money do I need to buy a house?
It’s a seemingly simple question, with a complicated answer. We’ll do our best to simplify how much money you’ll need to have saved up in order… Read more
-
![How much are closing costs?]()
How much are closing costs?
Closing costs are all the expenses needed to seal the deal on your home purchase, beyond the negotiated purchase price of the property. Most buyers are… Read more
-
![Is it better to rent or buy a home?]()
Is it better to rent or buy a home?
Renting versus buying is a common crossroads many people face. Renting can feel a lot lower stakes as well as simpler and less expensive than buying… Read more
-
![How long does it take to close on a house after an offer is accepted?]()
How long does it take to close on a house after an offer is accepted?
At a typical lender, closing on a house generally takes around 30 to 45 days from the moment your offer gets the green light. At Tomo… Read more
-
![Is buying real estate a good investment?]()
Is buying real estate a good investment?
Investing in real estate is a phrase that is commonly thrown around, and it can often feel confusing. What real estate should I invest in? Is… Read more
-
![How to get pre approved for a mortgage]()
How to get pre approved for a mortgage
A good way to think about your pre approval is a guarantee from a lender that you can pay a certain amount for a home. You… Read more
-
![How to win an offer on a home]()
How to win an offer on a home
Winning an offer means your bid was accepted by the seller. You’re essentially securing the home and moving forward with the purchase process. It’s a big… Read more
-
![What are the tax benefits of owning a home?]()
What are the tax benefits of owning a home?
So, what’s the deal with tax benefits for homeowners? Owning a home can score you some pretty sweet tax perks. You can usually deduct your mortgage… Read more
-
![What credit score do I need to buy a home?]()
What credit score do I need to buy a home?
The higher your credit score, the better the loan terms you’ll likely get. But you don’t need perfect credit to buy a home. Generally, a score… Read more
-
![What is a origination fee?]()
What is a origination fee?
If you are in the process of shopping around for a lender, or just curious about the home buying process as a whole, you’ve likely heard… Read more
-
![What is a mortgage escrow account?]()
What is a mortgage escrow account?
When financing a new home, you’ll likely hear the term “escrow.” When purchasing a new home, the escrow is just a neutral “holding area” between the… Read more
-
![What is the difference between earnest money and my down payment?]()
What is the difference between earnest money and my down payment?
Earnest money is just an initial deposit to secure your offer, while the down payment is a larger sum that reduces the amount you need to… Read more
