If you have thought about refinancing your mortgage, keep in mind that it may soon be a more expensive proposition. Due to the 0.5% “unfavorable market” fee, effective December 1 and imposed …
Read More »Mortgage demand fell last week as interest rates halted
With no major move in mortgage rates, there was suddenly no incentive to refinance home loans last week, so fewer people did. According to the Mortgage Bankers Association, it has fallen 2.5% …
Read More »The US 30-year mortgage rate falls to 2.86%, the 9th record-low level of 2020
A ‘pending sale’ sign is displayed in front of a house for sale on May 24, 2010 in San Rafael, California. Government incentives and lower mortgage rates increased April sales in April …
Read More »A record number of borrowers can save on a mortgage refinance, as rates determine historical lows
Potential homebuyers in Seattle attend an open house. Mike Kane | Bloomberg Getty Images The mortgage rate simply sets another new low, and means that the number of borrowers who could benefit …
Read More »Mortgage rates are low on a new record – but not all Americans will be able to reach them
Mortgage rates have decreased for the ninth time in 2020. But black Americans may face an uphill battle to access this historically cheap domestic financing. The 30-year fixed-rate mortgage ended 2.86% for …
Read More »Mortgage demand from homebuyers is now 28% higher than last year
A “For Sale in Owner” sign is posted in front of the property in Monterey Park, California. Frederick J. Brown | AFP | Getty Images Homebuyers are rushing for mortgages, but fewer …
Read More »House prices suddenly gain the most in 2 years
Exceptionally strong demand, historically low supply and record low mortgage rates are combining to spur the fastest home price growth since 2018. Nationally, house prices in July were 5.5% higher than in …
Read More »Refinance Your Mortgage Now to Avoid a New Fee
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Read More »Homeowners, in foreclosure, face tax implications. what you should Know
valentinrussanov | E + | Getty Images If economic catastrophe from coronavirus persists, distressed homeowners may find themselves facing a terrible prospect next year: foreclosure. The CARES Act, the epidemic relief act …
Read More »Coronavirus mortgage bailout stalls improved
After apparently improving in July, the number of borrowers struggling to make their monthly mortgage payments has essentially flattened and now threatens to move higher. As of August 25, 3.9 million homebuyers …
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