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Federal Reserve minutes: Policymakers saw a longer path to rate cuts
Houston Chronicle· 21 hours agoAfter several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting...
30-year mortgage rate drops to a seven-week low
Market Watch· 1 day agoOn a week-over-week basis, the market index rose 1.9%, to 201.9, for the week ending May 17. Key details: The purchase index — which measures mortgage...
OSFI flags mortgage renewals and real estate lending as top financial risks
Financial Post via Yahoo Finance· 1 day ago“In these situations, lenders offset the shortfall by increasing the remaining outstanding...
Are second mortgages about to make a comeback? Freddie Mac has a new proposal
Moneywise via Yahoo Finance· 1 day agoIt has proposed the purchase of single-family closed-end second mortgages from lenders. It says it...
First-time homebuyers aren't buying until mortgage rates drop. It could be a long wait.
USA TODAY via Yahoo Finance· 1 day agoHomebuilders are offering incentives. One is a rate buydown. A buydown might lower a 7% mortgage...
The lock-in effect is keeping homes off the market. How long will it last?
Bankrate via Yahoo Finance· 3 days agoNow that rates have more than doubled, homeowners are again behaving logically: They...What is the...
Current National Refinance Rates: May 21, 2024—Rates Move Upward
Forbes· 2 days agoThe rate on a 30-year fixed refinance jumped today. The current 30-year, fixed-rate mortgage refinance rate is averaging 7.58%, according ...
Mortgage rates today, May 19, 2024: Rates inch down but remain high overall
Yahoo Personal Finance· 4 days agoWhen choosing a lender, don’t just compare interest rates. Look at the mortgage annual percentage...
Are homeowners using their home equity to pay for home improvements? Do they even know they can?
Stacker via AOL· 22 hours agoNote that some of these costs will vary based on the materials used and the cost of labor. Bottom...
My husband and I paid off our mortgage more than 15 years early by following a simple money rule we...
Business Insider· 18 hours agoBy living below their means, the couple was able to get out of mortgage debt by ages 39 and 37 — all...