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Freddie Mac Reports Decline in Mortgage Rates
“As inflation slows, mortgage rates decreased this week,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Freddie Mac Reports Decline in Mortgage Rates
Refinancing Fuels Uptick in Mortgage Application Activity
According to MBA’s estimate, 220,000 homeowners are in forbearance plans. Continue Reading Refinancing Fuels Uptick in Mortgage Application Activity
Additional Reading: Top Mortgage Industry News & Headlines
Mortgage rates fall for the sixth week in a row
Source: Yahoo! News --- Mortgage rates dropped for the sixth straight week, but housing activity remained muted going into the holidays. The rate for the average 30-year fixed mortgage slipped to 6.27% from 6.31% the week prior, according to Freddie Mac. Rates have...
How do fixed-rate mortgages work? Is a fixed-rate loan best?
Source: The Mortgage Reports --- What is a fixed-rate mortgage? In mortgage terms, a fixed rate means the interest rate remains the same for the life of your home loan — keeping your monthly principal and interest payment consistent. The rate on a fixed mortgage is...
Mortgage financing options in a higher interest rate environment
Source: Consumer Financial Protection Bureau --- Over the past two years, interest rates have risen from historical lows to as high as 7% for 30-year fixed-rate mortgages. Interest rates have remained elevated at levels that haven’t been seen for nearly 20 years....
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