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Bargain Buys

Resources for better bargains

I thought refinancing my home could save me money, but after doing the math I found it wasn’t worth it after all

[Business Insider] I recently considered refinancing the mortgage on my new home but ultimately decided against it because the math didn’t make sense.If I rolled closing costs into my new loan, my monthly payment would have gone up.I considered paying the closing costs up front, but a formula showed me […]

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My parents lived by 4 money rules that helped them buy land, give back to their community, and retire comfortably without debt

[Business Insider] My parents had four pillars that guided their financial decisions: invest in yourself, spend according to your values, march to the beat of your own drum, and give back to your community.These pillars helped them buy land and maintain a working farm that fed our family, grow their […]

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Black Homeowners Pay $13,464 More on Their Mortgages, Study Says

[Bloomberg] The ‘Black tax’ persists because of risk-based loan pricingPolicy makers can reverse the negative impact, co-author saysBlack borrowers pay $13,464 more over the life of a home loan, with interest, mortgage-insurance and tax expenses higher than for their White counterparts, further hurting African Americans’ ability to save for retirement, […]

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Mortgage rates hit 10th record low of 2020, further fueling the US housing market’s boom

The average US 30-year fixed mortgage rate fell to 2.81% from 2.87%, its lowest in Freddie Mac data going back nearly 50 years.The reading also marks the 10th record low this year, reflecting the tumbling borrowing costs that fueled the housing market’s rebound.Sales of new and existing homes have thrived through the […]

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