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30-year mortgage rate drops to a seven-week low
Market Watch· 4 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...
Mortgage Applications Increase As Rates Decline For Third Straight Week
National Mortgage Professional· 4 days agoAs we near the end of May, more people are applying for mortgages week-by-week. That’s according to...
How do you pay back a reverse mortgage?
Bankrate via Yahoo Finance· 2 days agoThis is much like refinancing the loan as the original borrower. The heirs can then use the home however they wish, so long as their mortgage allows for...
Mortgage Rates Dip Below 7 Percent - Banker & Tradesman
Banker & Tradesman· 2 days agoThe rate fell to 6.94 percent from 7.02 percent last week, mortgage buyer Freddie Mac said Thursday. Higher mortgage rates can add hundreds ...
The lock-in effect is keeping homes off the market. How long will it last?
Bankrate via Yahoo Finance· 6 days agoWhile rates have come back a bit since then, they remain above 7 percent today. Meanwhile, most...
Americans are trying to change their mortgages
Newsweek· 4 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...
Falling Inflation in April Paves Way For Possible Mortgage Rate Reduction
Benzinga· 6 days agoAccording to the Bureau of Labor Statistics, the annual inflation rate eased to 3.4% in April, down...
Careful! 3 Things to Know About the New 0% Down Mortgages for First-Time Home Buyers
InvestorPlace· 9 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
Ask Eli: Navigating mortgage challenges during a divorce | ARLnow.com
ARLnow.com· 5 days agoThis regularly scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based Realtor and...
OSFI flags mortgage renewals and real estate lending as top financial risks
Financial Post via Yahoo Finance· 4 days agoHighly leveraged borrowers remain particularly vulnerable to refinancing challenges.” Liquidity...