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The lock-in effect is keeping homes off the market. How long will it last?
Bankrate via AOL· 6 days agoMeanwhile, most Americans with mortgages landed their loans — either through buying or refinancing —...
Pros and cons of an adjustable-rate mortgage (ARM)
Bankrate via AOL· 2 days agoIf you know you’re going to sell a home within five to 10 years, you can opt for an ARM, taking advantage of its lower rate and payments, then sell...
After Billions of Dollars in Losses, Canada Post Warns It May Run Out of Cash
New York Times· 1 day agoThe government-owned postal service has now accumulated more than 3 billion dollars in losses since...
What Is Mortgage Insurance? How It Works and Who Should Have It
GoBankingRates via AOL· 15 hours agoMortgage insurance makes it possible to buy a home with little or no money down, and in certain...
Here Are Today's Refinance Rates: May 20, 2024—Rates Jump Up
Forbes· 6 days agoThe rate on a 30-year fixed refinance inched up today. Refinancing rates for a 30-year,...
Pros and cons of a cash-out refinance
Bankrate via AOL· 5 days agoOnce the draw period closes, you pay back the remaining balance in installments. Both options are often quicker and less expensive to get than a cash-out...
CFPB official talks reverse mortgage safety, counseling resources
HousingWire via Yahoo Finance· 6 days ago“Each of us has to think about our own personal circumstances,” she said. “They can look at other...
Long-term mortgage rates ease for third straight week, dipping to just below 7%
Associated Press· 3 days agoThe rate fell to 6.94% from 7.02% last week, mortgage buyer Freddie Mac said Thursday. This is the...
A Strapped Consumer = A Slowing Economy
Forbes· 2 days agoFinancial markets closed the week mixed with the Nasdaq rising +1.4% and closing at a record high thanks to the huge Nvidia beat on both top and bottom lines. The S&P 500 was flat on the week ...
Careful! 3 Things to Know About the New 0% Down Mortgages for First-Time Home Buyers
InvestorPlace· 5 hours agoDownpayments for houses may not be necessary now that the United Wholesale Mortgage (UWM) has announced a program fit for their budget, offering 0% downpayment for mortgages. The program focuses ...