(CNN) Mortgage rates fell to another record low last week, for the 15th time this year. The average interest rate on a 30-year fixed-rate mortgage dropped to 2.67%, according to Freddie Mac. That’s the lowest level in the nearly 50 years of the mortgage giant’s survey. The 15-year fixed-rate mortgage dropped to 2.21%. […]
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[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 […]
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[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 […]
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[Business Insider] Being “good” with money isn’t a right or wrong question. It’s more about how you think about your money. One sign that a person is good with money is an understanding of asset protection — if you have the right insurances in place, I know you’re thinking about […]
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[Bloomberg] The ‘Black tax’ persists because of risk-based loan pricing Policy makers can reverse the negative impact, co-author says Black 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 […]
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[FX Empire] Mortgage rates fell to another all-time low in the week ending 15th October. Following a 1 basis point fall in the week prior, the 30-year fixed rate fell by 6 basis points to 2.81%. Compared to this time last year, 30-year fixed rates were down by 88 basis points. […]
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[Fox Business, iStock] As a soon-to-be homeowner, one of the most important steps of buying a home is securing an affordable mortgage rate. To secure the lowest rates, you may have to negotiate. With that in mind, there are things home buyers should do when negotiating your mortgage rates. Armed with this knowledge, you […]
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[BankRate] Multiple benchmark mortgage rates receded today. The average rates on 30-year fixed and 15-year fixed mortgages both trended down. The average rate on 5/1 adjustable-rate mortgages, or ARMs, the most popular type of variable rate mortgage, advanced. Mortgage rates are constantly changing, but they continue to represent a bargain […]
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New York (CNN) A new majority Black and Latinx-owned and operated digital bank hopes to make supporting Black-owned banks and businesses a little easier for consumers. Greenwood was created by Bounce TV founder Ryan Glover and his close friend, rapper-activist Michael “Killer Mike” Render. The leadership team at Greenwood, which includes former Atlanta Mayor Andrew […]
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[CNBC, GETTY IMAGES] Refinance volume surged to the highest level since mid-August as mortgage rates dipped to 3.01%. Refinances jumped 8% last week and were 50% higher than a year ago, according to the Mortgage Bankers Association. Mortgage rates moved even lower last week after setting multiple record lows in […]
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