[USA TODAY, GETTYIMAGES] Persistent layoffs are slowing momentum in the labor market, which bodes poorly for the broader U.S. recovery as millions of out-of-work Americans delay their mortgage and rent payments. More than 6 million households failed to make their rent or mortgage payments in September, according to the Mortgage Bankers […]
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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 […]
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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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[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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[MSN] Homeowners overlook low rates, looming fee Applications for refinance mortgages are down for a third straight week, a lenders group says, and that suggests homeowners haven’t woken up yet to a couple of urgent reasons to refi. First of all, mortgage rates are spiraling downward again and are back […]
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[Forbes, Getty Images] Average mortgage rates this week fell for both 30-year and 15-year fixed-rate mortgages, while the 5/1 adjustable-rate mortgage (ARM) was unchanged. The average rate on a 30-year fixed mortgage dipped to 2.91%, according to Freddie Mac’s Primary Mortgage Market Survey. Mortgage rates have remained below 3% for […]
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[BankRate] Mortgage rates moved in different directions today, but one key rate trended down. The average for a 30-year fixed-rate mortgage ticked downwards, but the average rate on a 15-year fixed held firm. Meanwhile, the average rate on 5/1 adjustable-rate mortgages notched higher. Rates for mortgages are in a constant […]
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[MoneyWise, Shutterstock] As mortgage rates move higher again and hit levels not seen in months, one of America’s largest home lenders says it’s taking things far in the other direction. United Wholesale Mortgage — the company that recently announced a 15-year fixed-rate mortgage with rates as low as 1.875% — has now […]
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[MSN, DepositPhotos] Paying off a home With mortgage debt at record levels, paying off a home can be expensive. This is especially true in recent weeks as the coronavirus (COVID-19) pandemic has left millions of Americans out of work and without an income. To see where monthly mortgage costs are […]
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