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Mortgage rates dip below 7% for the first time in over a month
Yahoo Finance· 5 days agoElevated mortgage rates, high home prices, and low inventory are challenging homebuyers. Sales of...
Are homeowners using their home equity to pay for home improvements? Do they even know they can?
Stacker via AOL· 6 days agoTo Define A Home Equity Loan A home equity loan allows a homeowner to convert existing equity in...
Americans are trying to change their mortgages
Newsweek· 6 days agoHomeowners moved to refinance their properties in the week ending May 17, Mortgage Bankers Association reported—at a time when mortgage rates have been...
Majority of rates rise - Current mortgage rates for May 27, 2024
Bankrate.com· 1 day agoMortgage interest rates were mostly higher compared to a week ago, according to data collected by Bankrate. Average rates for 30-year fixed, 15-year fixed and jumbo mortgages increased, while ...
Priced out of home ownership - 'It makes me want to throw up'
BBC via Yahoo Finance· 1 day agoNew home construction has increased significantly from pre-pandemic levels, but supplies still fall...
How do you pay back a reverse mortgage?
Bankrate via Yahoo Finance· 4 days agoOption 2: Refinance the mortgage If you’re the borrower and you want to move out but still keep the home, you can refinance your reverse ...
3 ways to borrow $10,000 of home equity (and 2 ways to avoid) right now
CBS News· 5 days agoIn today's high interest rate environment, credit cards, personal loans and standard lines of credit...
30-year mortgage rate drops to a seven-week low
Market Watch· 6 days 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...
First-time homebuyers aren't buying until mortgage rates drop. It could be a long wait.
USA TODAY via Yahoo Finance· 6 days agoInventories of homes are low. With prices and interest rates running high, everyone is...
Pros and cons of an adjustable-rate mortgage (ARM)
Bankrate via Yahoo Finance· 4 days agoThat “if necessary...payment — or simply can’t tolerate any level of risk — it’s best to go with a fixed-rate mortgage, despite the expense. Other loan...
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