Mortgage Rates
Mortgage Rates Mostly Recover After Starting The Day Higher
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Posted To: Mortgage Rate Watch

Mortgage rates were mixed to slightly higher today, depending on the lender. "Higher" is a relative term, in this case as the average loan seeker is unlikely to see much of a difference between yesterday's quotes and today's. Even then, the changes would almost certainly be in the form of upfront costs (or lender credits) rather than to the interest rate itself. For the sake of thoroughness and accuracy, keep in mind there are really two different kinds of rate when it comes to mortgages. The " note rate " is unsurprisingly the rate found at the top of your mortgage note. This is the rate that's applied to the principal balance of your loan in order to determine your principal and interest payment. The other rate would be the APR (annual percentage rate), which factors in all of the upfront...(read more)

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Continue readingMortgage Rates Mostly Recover After Starting The Day Higher
What is a home equity loan and how does it work?
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A home equity loan lets you cash-out your equity without replacing your current mortgage. Learn how home equity loans and home equity lines (HELOCs) work.…Continue readingWhat is a home equity loan and how does it work?
Mortgage rates down slightly this week over global health concerns
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After last week’s spike, mortgage rates dropped back to near historic lows, as broader worries about the pandemic and the economy came back to the fore for investors.…Continue readingMortgage rates down slightly this week over global health concerns
December sets housing records led by secondary cities
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Bottomed-out mortgage rates cut listing times and housing inventory while sales volume and average prices jumped annually.…Continue readingDecember sets housing records led by secondary cities
Why are mortgage rates going up? Biden, vaccines, and interest rates
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Mortgage rates moved up last week, and it looks like they'll keep rising in 2021. But how high will rates go? Should you try to lock in now?…Continue readingWhy are mortgage rates going up? Biden, vaccines, and interest rates
New York exodus gives Westchester most home sales in 24 years
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The pandemic-fueled exodus from New York City propelled nearby Westchester County to its strongest year for home sales in more than two decades.…Continue readingNew York exodus gives Westchester most home sales in 24 years
Mortgage rates jump in tandem with rise in Treasury yields
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Mortgage rates, whose movements until now had not reflected gains in the benchmark 10-year Treasury yield, rose 14 basis points this week, according to Freddie Mac.…Continue readingMortgage rates jump in tandem with rise in Treasury yields
Come loaded with extra cash to win a deal for a Boise-area home
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Cash offers are taking priority in the Boise, Idaho, area, shutting out homebuyers who need a conventional mortgage.…Continue readingCome loaded with extra cash to win a deal for a Boise-area home
Refinancing just got more expensive, thanks to this new fee
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A new fee will be added to conventional mortgage refinances on September 1. Will this mean higher refinance rates? For some, it's likely.…Continue readingRefinancing just got more expensive, thanks to this new fee
Current Mortgage Rates Continue to Rise Gradually
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Here we go with yet another week. We should be in for a bit of action with a handful of speaking engagements from Federal Reserve officials and the September Jobs Report on Friday morning. Mortgage rates will likely remain in a tight range but it wouldn’t be too surprising if they jumped around a little.... View Article…Continue readingCurrent Mortgage Rates Continue to Rise Gradually
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