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Today’s Refinance Rates May 2, 2024: Rates Rise
Newsweek· 5 days agoThe current average ReFi rate on a 30-year fixed ReFi is 7.38%, compared to 7.32% a week earlier. For borrowers who want a shorter ReFi, the average rate...
5 strategies for dealing with today's high mortgage rates
CBS News· 4 days agoFor example, when buying a $400,000 home with 20% down, the monthly mortgage payment (principal and interest only) has gone from about $1,350 at 3% to over $2,100 at 7%. Get ...
Will home equity loan rates drop in May?
CBS News· 5 days agoWith inflation problematic, interest rates were elevated to help rein it in. On Wednesday, the Federal Reserve elected to maintain that level, keeping...
More homebuyers are paying discount points as interest rates continue to rise
FOX Business· 20 hours agoMortgage points, which are one-time fees paid at closing in exchange for a lower interest rate, are...
5 ways to lower your mortgage payment right now
CBS News· 5 days agoIf that's your experience, it may help to rethink one of the largest monthly expenses most people have — your mortgage. The median monthly mortgage...
Take these 12 steps as the Federal Reserve keeps interest rates high
Bankrate via Yahoo Finance· 6 days agoEven modest rate reductions can translate to major savings. For instance, financing $500,000 on a...
3 things to do (and 3 things to avoid) with interest rates paused
CBS News· 6 days agoDespite hope in late 2023 and early 2024 that interest rates would be cut this spring, the Federal...
Opinion: Riding the wave - HousingWire
HousingWire· 4 days agoThanks to high mortgage rates, mortgage refinance rates, and even higher home prices, the vibe among homebuyers has been fairly bleak ...
Cantor's Howard Lutnick says Fed will 'show off' with one rate cut in September
Morningstar· 6 days ago"I'm thinking one cut in September - just to show off." That was Howard Lutnick, Cantor Fitzgerald's chief executive, speaking Wednesday about the Federal Reserve's likely next step on interest ...
Higher Interest Rates Stick Around
Morningstar· 5 days agoIvanna Hampton: Higher interest rates are sticking around for longer. While Fed Chair Jerome Powell didn’t seem worried about the inflation outlook, he...