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What the Fed’s continued rate pause means for homebuyers and sellers
Bankrate via Yahoo Finance· 2 days agoNew adjustable mortgage products are structured to change every six months rather than every 12...
Mortgage rates climbs to highest level since November
Orange County Register· 4 days agoThe average rate on a 30-year mortgage rose to 7.17% from 7.1% last week, mortgage buyer Freddie Mac said Thursday. Borrowing costs on 15-year fixed-rate ...
Buyers are taking on riskier adjustable rate mortgages as affordability worsens
Fox Business via Yahoo Finance· 1 day agoAmerican homebuyers are taking on riskier adjustable rate mortgages to address affordability...
Refinance Rates Tick Higher: Mortgage Refinance Rates on April 26, 2024
CNET· 7 days agoMortgage refinance rates change every day. About these rates: Like CNET, Bankrate is owned by Red...
Secondary mortgage market adjusts to higher-for-longer rates - HousingWire
HousingWire· 17 hours agoBen Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized...
How Does Mortgage Interest Work?
Consumer Affairs· 2 days agoYour monthly mortgage payment consists of both the loan principal and interest. You might receive a lower interest rate by raising your credit score, increasing your down ...
5 pro tips on refinancing your car loan — and when not to do it
Market Watch· 7 days agoThere are several sensible reasons to consider refinancing a car loan. Among them are lowering the monthly payment, shortening the loan terms, and reducing the interest rate ...
Homebuyers turn to ARMs as mortgage rates hover above 7% for third straight week
AOL· 19 hours agoMortgage rates haven’t shown signs of edging under 7% anytime soon, pushing buyers toward alternative financing options to strike deals. The rate on the 30-year fixed < ...
Lender-paid mortgage insurance (LPMI): What is it and how does it work?
Bankrate via AOL· 7 days agoThis can save you money, but it means that you’ll need to hand over a large sum at closing....
Unlocking Homeownership: Webster First FCU’s Guide to Mortgage Solutions - Banker & Tradesman
Banker & Tradesman· 16 hours agoWebster First Federal Credit Union has been helping members with their lending needs since 1928. In 2023, they lent over $64.6 million in mortgages and home equities and $143 ...