Home loan refinancing is very popular in the heart of the pandemic as interest rates have fallen to recent record lows. But things have changed now and it costs more to get a refinance loan. In fact, as of JulyContinue Reading
The availability of mortgage loans has been declining for three consecutive months, largely due to a decline in refinancing loans, according to the monthly mortgage availability index (MCAI), which fell by 0.9% to 120%. May, the lowest level since JulyContinue Reading
Refinancing a home mortgage regularly seems OK on the off chance that you can lessen the interest rate you’re paying on your loan. Since your new mortgage loan specialist will charge less for the honor of getting, you might haveContinue Reading
For the first time in a month, the average rate of a 30-year fixed-rate mortgage dropped below 3%. And, rates on other loan types are even lower, giving homeowners reasons to celebrate and to lock in the best rate onContinue Reading
Refinancing through a home equity line of credit (HELOC) is useful if you want to extend your draw period so that you can get more favorable loan terms. With rapidly rising home values, and comparatively low interest rates let usContinue Reading
Last updated on December 26th, 2022 at 09:35 pmIn recent months, many Americans have taken advantage of the record low mortgage rates and refinanced their home. Homeowners were able to drop their monthly payments and reduce total interest costs whenContinue Reading
Last updated on February 3rd, 2021 at 12:03 pmHomebuyers and homeowners can enjoy lower monthly payments thanks to the current mortgage and refinance rates are at historic lows. With lower rates, you can save thousands of dollars over the life of your loan on your mortgage. A shorterContinue Reading
Last updated on February 4th, 2021 at 05:16 pmRefinancing a mortgage means paying off an existing loan and replacing it with a new one. One could refinance for different reasons like either to take advantage of lower interest rate, or toContinue Reading
Last updated on February 3rd, 2021 at 11:47 amCovid 19 pandemic has impacted the finances of many Americans some good, some bad. Resulting in the mortgage refinance rates to drop to near-record lows. Since March 2020, the Federal Reserve has cut interest rates twiceContinue Reading
