A refinance is kind of like a mortgage do-over. By swapping out your home loan with a new one, you can save money with a new interest rate, tap into your equity or change the loan term. Average rates on 30-year fixed-rate mortgages have been sliding to unheard-of levels around 2.8%. But the costs ofContinue reading “6 ways to cut the cost of refinancing your mortgage”
“These are really big numbers,” said Matt Schulz, chief industry analyst at CompareCards. “It means that an awful lot of Americans had one of their financial security nets taken out from under them in one of the most difficult economic times in American history.” 1 in 5 cardholders saw a credit decrease of at leastContinue reading “As the economic fallout of the pandemic continues to unfold, banks are rushing to close credit card accounts or slash credit limits to curb their risk.”
Today’s interest rate cut is “an appropriate response to changing events,” says NAR’s chief economist. Will lower mortgage rates follow? Source: What Fed’s Emergency Rate Cut May Do for Mortgage Rates | Realtor Magazine
Homebuyers may be having a tough time finding a home they want, and the problem could get worse. Source: The Real Estate Market Is 3.3M Homes Short, Study Says | Realtor Magazine
Here is good thing to know.
WHAT DO YOU THINK? More minority homeowners would lift overall homeownership rates, but discriminatory patterns persist in real estate. From NAR’s Policy Forum, Feb. 6, Washington, D.C. Source: Closing the Racial Ownership Gap: Is It Possible?
Source: HUD.gov / U.S. Department of Housing and Urban Development (HUD)