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First-time homebuyers aren't buying until mortgage rates drop. It could be a long wait.
USA TODAY via Yahoo Finance· 6 days agoHomebuilders are offering incentives. One is a rate buydown. A buydown might lower a 7% mortgage ...
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...
Are second mortgages about to make a comeback? Freddie Mac has a new proposal
Moneywise via Yahoo Finance· 6 days agoThe notice said, "A significant portion of borrowers have low interest rate first mortgages, and the...
Pros and cons of a cash-out refinance
Bankrate via AOL· 7 days agoHere’s when it might make sense to get a cash-out refinance: Lower interest rate: When you can lower the interest rate on your
Mortgage rates just fell below 7% - here's how much the monthly payment is now on a $400,000 house
Morningstar· 3 days agoMortgage rates fell for the third week in a row, pushing the 30-year rate below 7% for the first time in over a month. The 30-year fixed-rate< ...
Pros and cons of an adjustable-rate mortgage (ARM)
Bankrate via AOL· 4 days agoWho is an adjustable-rate mortgage best for? Adjustable-rate mortgages can be advantageous in certain situations.
Mortgages and loans to pay for home renovations
Bankrate via Yahoo Finance· 6 days agoOne advantage of a ...s a single debt with one monthly payment; you don’t have to take out a loan for the mortgage and another loan for home repairs....
Mortgage rates tick down again after modest gains on inflation
The Day· 5 days agoMortgage rates fell again this week, with the average 30-year fixed loan dipping to 7.09%, according to Bankrate’s latest survey of large lenders. Rates have bounced around ...
Mortgage Applications Increase As Rates Decline For Third Straight Week
National Mortgage Professional· 6 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 AOL· 3 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 ...