5 questions to ask yourself before you refinance your mortgage

February 11, 2020

Mortgage rates are resting near record lows — and that’s spurring a wave of refinancing activity as Americans look to take advantage of the savings a cheaper interest rate could bring. Refinance loan volume jumped to the highest level since 2013 last week, especially among jumbo mortgage borrowers, on the heels of lower mortgage rates, […]

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9 million homeowners could save big time on a mortgage refinance as rates hit 3-year low

February 1, 2020

Millions of borrowers can now save big on a mortgage finance as rates have hit the lowest level in more than three years. The average rate on the 30-year fixed mortgage just hit 3.49%, according to a survey by Mortgage News Daily, matching the lowest level since October 2016. That’s down from 3.8% at the […]

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Mortgage rates fall to the lowest level in three months — but this is a double-edged sword for home buyers

January 24, 2020

Mortgage rates slid to the lowest level in three months this past week. But the persistent low-rate environment could have some repercussions for people looking to buy a home. The 30-year fixed-rate mortgage averaged 3.6% during the week ending Jan. 23, down five basis points from the previous week, Freddie Mac FMCC, +0.32%  reported Thursday. The 15-year fixed-rate […]

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Thanks to a service called Plastiq, you can pay your mortgage with a credit card – here’s how I used it to earn $2,000 toward travel

January 19, 2020

In 2017, I had a singular focus: paying off my home mortgage and becoming entirely debt-free. With enough persistence, I finally achieved that goal in early 2018. All of a sudden, I went from someone with a mortgage to someone who owns their home outright, and at the age of 38. I was pretty happy about the situation […]

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Mortgage rates drop amid simmering tensions with Iran

January 11, 2020

As investors sought safety in the bond market as a potential conflict with Iran emerged this past week, mortgage rates dropped to their lowest level since October. The 30-year fixed-rate mortgage averaged 3.64% during the week ending Jan. 9, down eight basis points from the previous week, Freddie Mac FMCC, -2.22%  reported Thursday. The rate on the 30-year […]

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Mortgage rates hold steady, but economists say don’t expect that to last

December 6, 2019

Mortgage rates didn’t budge much over the last week amid mixed signals as to the economy’s strength as the holiday season kicked into full drive. The 30-year fixed-rate mortgage averaged 3.68% during the week ending Dec. 5, unchanged from the previous week, Freddie Mac FMCC, +0.80%  reported Thursday. Compared to a year ago, mortgage rates were more than […]

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Google Upgrades Its Built-In Mortgage Calculator With New Features

December 3, 2019

Google has upgraded the built-in tool that shows up in search results for the query “mortgage calculator.” Now, the tool has many of the key features that were missing from the previous version of Google’s mortgage calculator. The upgraded mortgage calculator was first spotted by Kevin Indig, who shared a screenshot on Twitter: Google’s mortgage […]

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Mortgage rates increased over the last week — and that could put a damper on the housing market

December 1, 2019

Mortgage rates have inched upward. If the trend continues, it could make affordability even more of a roadblock to would-be buyers. The 30-year fixed-rate mortgage averaged 3.68% during the week ending Nov. 27, up two basis points from the previous week, Freddie Mac FMCC, +0.00%   reported Thursday. Mortgage rates remain much lower than a year ago. During this […]

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How to prepare your credit for a mortgage to get the best possible rate and save thousands

September 17, 2019

There’s no question that buying a home is a big investment. For many people, it’s one of the biggest investments they’ll ever make. The decisions you make before you purchase a home can have far-reaching, long-lasting financial effects. You probably want to choose a home in a thriving market, where property values will hopefully rise over time. […]

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Best value mortgages revealed – including how to get a record low interest rate

September 11, 2019

The best value mortgages – including those with record low interest rates- have been revealed. More than 3000 mortgages from 90 lenders were analysed and rated. Although borrowers are resisting fixed term loans with more rate cuts forecast, 11 lenders scored a five-star rating for their three-year fixed loans under three per cent. (iStock) Five-star […]

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