Increasing Mortgage Rates Push Borrowers To Seek All Other Possible Options

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In: Refinance News

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With mortgage rates rising above 7 percent, alternatives like temporary interest reductions and down payment assistance programs are becoming more popular, lenders say. Borrowers are now looking for options to lower their down payment and expect interest rates to dropContinue Reading

Housing Market Takes A Hit As the Mortgage Interest Rates Increases

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In: Mortgage News

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Rising mortgage interest rates combine with already high home prices to discourage buyers.  Applications for mortgages fell significantly. Sales of previously occupied homes have fallen for five straight months, typically the busiest time of the year for real estate. TheContinue Reading

Know More About Digital Refinance

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In: Refinance News

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Demand for housing remains strong as mortgage rates continue to rise, but refinancing applicants are declining rapidly.  With the average 30-year mortgage interest rate well above 5%, mortgage lenders see fewer customers wanting to refinance.  In a low-demand market, lendersContinue Reading

How the June FED Meeting Might Affect the Mortgage Rates?

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In: Mortgage News

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Will mortgage rates begin increasing once more? While borrowers have appreciated interest rate decreases lately, that could invert course after the Federal Reserve’s next Open Market Committee meeting on June 14 and 15. In May, the national bank illustrated itsContinue Reading

Rise in Mortgage Interest Rates Bring Challenges for First-Time Home Buyers

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In: New Home Mortgage News

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An all-around focus on the housing market will get harder. The Federal Funds Rate expanded by 25 premise focuses a week ago.  The first increment by the Federal Reserve began around 2018. This increment is expected to affect the housingContinue Reading

Due to FED Action Anticipation, Mortgage Rates Rise Resulting in Less Housing Affordability

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In: Mortgage News

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Last updated on December 26th, 2022 at 09:34 pmIncreasing home loan rates are making purchasing a home more expensive, yet request is as yet blasting as individuals desire to make a buy before the Federal Reserve climbs financing costs. ContractContinue Reading

U.S. Mortgage Rates Jumps Higher

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In: Mortgage News

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U.S. contract rates expanded to a two-year high last week and could continue to rise, a pattern which might additionally crush first-time purchasers attempting to beat higher home costs and restricted lodging supply. Rates for a 30-year fixed-rate contract foundContinue Reading

Borrowers Look out as Mortgage Rates are at Peak since COVID Began

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In: Realtor News

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Mortgage interest rates are ablaze in 2022, up 30 premise focuses to 3.45% in the initial fourteen days of January alone-and the most elevated since March 2020.  While rates are still low compared with Pre-Covid levels, ever more blazing expansionContinue Reading

Homes in High Demand Despite Rising Mortgage Rates

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In: Realtor News

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January is commonly probably the slowest month for residential real estate, as individuals for the most part dig in their homes as opposed to attempting to leave for another one. Be that as it may, during Covid times, you canContinue Reading

Mortgage and Refinance Rates Today

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In: Refinance News

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Last updated on September 3rd, 2022 at 12:50 amCompared to last week, refinance interest rates rode higher today. Today the refinance rate of 30-year fixed is 0.20% higher than last week, today the rate is at 3.45%. The refinance rateContinue Reading