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MBA: Mortgage Application Activity Up Slightly
The MBA also reported a scant 0.1% rise in its Mortgage Credit Availability Index for June, to a level of 96.6. Continue Reading MBA: Mortgage Application Activity Up Slightly
Mortgage Rates Continue to Soar
The 30-year fixed-rate mortgage’s 6.81% was the highest level achieved this year. Continue Reading Mortgage Rates Continue to Soar
Additional Reading: Top Mortgage Industry News & Headlines
High mortgage rates limit relocation options, Redfin says – Here’s where homebuyers are still moving to
Source: Fox Business --- The search for affordable housing remains a top motivator for homebuyers who are looking to relocate to a new city, according to Redfin’s third quarter migration report. In the third quarter of 2022, a record 24.2% of homebuyers looked to...
Thinking of Refinancing? Be Prepared for This Little-Known Cost
Source: The Ascent --- Right now isn't the best time to be hunting for a deal on a new mortgage loan, but what if you already own a home and are hoping to refinance it and get a different mortgage rate? Rates are up across the board, so you may not save money on...
4 Ways to Save Up a Home Down Payment in 2023
Source: The Ascent --- If you're hoping to buy a home in 2023 or soon after, you'll need to get to work on saving up a down payment if you haven't already done so. Most mortgage lenders do require at least a small down payment, and a larger one of 20% of your home's...
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