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Mortgage rates set another record low, sparking new strength in refinances

[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 recent months, spurring more borrowers to […]

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Negative interest rates would make borrowing money cheap and saving money expensive, the reverse of what we have now

[Business Insider] There’s speculation about the possibility of the Federal Reserve implementing negative interest rates in response to the coronavirus.Negative interest rates would result in lenders paying you when you take out a loan, and you’d pay a fee to keep money in banks.Both of these results would be intended to stimulate the economy.Jerome Powell, […]

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Mortgage rates almost drop to another record low

[MarketWatch] The housing sector is going through a major upheaval because of the coronavirus, but that won’t necessarily translate to lower mortgage rates. Mortgage rates remained near another record low for the third straight week. If a new low comes, it may not be because the U.S. housing market is struggling. The 30-year fixed-rate mortgage […]

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