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Here’s how wholesale lenders and brokers are navigating near-8% mortgage rates
HousingWire via Yahoo Finance· 8 months agoman holding concept interest rates on mortgages. Mortgage lenders are betting on down-payment...
Best FHA mortgage lenders in 2024
Bankrate via AOL· 6 months agoFHA loans — those insured by the Federal Housing Administration — come with more flexible financial requirements than conventional loans, making them...
Mortgage refinance: What is it and how does it work?
Bankrate via AOL· 7 months agoKey takeaways Refinancing replaces your current mortgage with a new one, adjusting the rate, term or both. With refinancing, you can change the loan type...
Reverse mortgage volume and securities issuance trend lower in December
HousingWire via Yahoo Finance· 6 months agoWhen assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023,...
Why equity-tapping challenges may make reverse mortgages ‘inevitable’
HousingWire via Yahoo Finance· 1 month agohome equity investments offer homeowners a way to unlock equity without taking on monthly payments...
Mortgage Rates Are the Highest Since 2008: 3 Companies to Avoid
Motley Fool· 2 years agoMortgage rates are moving higher. According to Freddie Mac, 30-year mortgage rates surpassed 6% for...
What is negative equity? A guide to underwater mortgages
Bankrate via AOL· 5 months agoKey takeaways Negative equity occurs when your home's value sinks below the amount you owe on it...
Banks seek workarounds to avoid mortgage default for struggling variable-rate borrowers
Financial Post via Yahoo Finance· 2 years agoCanadian banks are attempting to ease the burden on homeowners who can’t keep up with the rapid rise...
Should retirees use their homes to pay bills?
Bankrate via AOL· 1 day agoKey takeaways If you’re a homeowner in or nearing retirement, you may be able to use your home equity as a source of funds. The amount of home equity you...
Experts: Mortgage rates won’t rise much more — but also won’t go down any time soon
Bankrate via Yahoo Finance· 8 months agoAfter plummeting to historical lows during the pandemic, mortgage rates have shot up faster than...
