interest rates
Mortgage and refinance rates today, Feb. 27, and rate forecast for next week
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Today’s mortgage and refinance rates  Average mortgage rates fell a little or held steady yesterday (Friday). Unfortunately, it was the only glimmer of light in a gloomy week that saw […]…Continue readingMortgage and refinance rates today, Feb. 27, and rate forecast for next week
What is revolving debt and how does it differ from installment debt?
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The information provided on this website does not, and is not intended to, act as legal, financial or credit advice. See Lexington Law’s editorial disclosure […]…Continue readingWhat is revolving debt and how does it differ from installment debt?
Bodnar of MMG: Long End of Bond Market Having a Tough Time
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Bill Bodnar of The Mortgage Market Guide (MMG) explains that long-term interest rates moved up to their highest levels in a year despite significant bond buying
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Mortgage and refinance rates today, February 26, 2021
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Today’s mortgage and refinance rates  Average mortgage rates soared yesterday, rising by a greater amount than we’ve seen in a long time. Of course, they’re still very low in a […]…Continue readingMortgage and refinance rates today, February 26, 2021
What is revolving debt and how does it differ from installment debt? – Lexington Law
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Do you know what revolving debt is or how it affects your credit score? Learn the key differences between types of debt to better manage your credit score.
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Mortgage and refinance rates today, February 25, 2021
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Today’s mortgage and refinance rates  Average mortgage rates nudged higher yet again yesterday. Of course, these rates remain exceptionally low by historical standards and are at dream levels for most. […]…Continue readingMortgage and refinance rates today, February 25, 2021
Lender credits: How a mortgage lender can pay your closing costs
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Lender credits let the mortgage lender pay closing costs, while the borrower pays a higher interest rate. Find out if lender credits are worth it here.…Continue readingLender credits: How a mortgage lender can pay your closing costs
Mortgage Rates Are Now Well Over 3 Percent
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Mortgage rates WISH they were still at 2.97%--the number conveyed today by Freddie Mac's weekly survey. Freddie's data is accurate when it comes to capturing broad trends over time, but can really fall short when the bond market is experiencing elevated volatility. To say that bond market volatility has been elevated recently is an understatement of extreme proportions. Things are happening that haven't happened in years . Some measures of volatility rival the March 2020 panic surrounding covid, only this time, there's no catalyst other than the market movement itself. Today was by far the worst of the bunch when it comes to this most recent spate of volatility. Most any mortgage lender added another eighth of a percent to their 30yr fixed rate offerings. Over the course of the past week, most…Continue readingMortgage Rates Are Now Well Over 3 Percent
Pending Home Sales Post 5th Straight Loss
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Posted To: MND NewsWire

January marked the fifth straight month that the National Association of Realtors® (NAR) has reported a decline in its Pending Home Sales Index (PHSI). The index, based on newly signed contracts for the purchase of existing homes, was down 2.8 percent from its December level. The index in January was at 122.8 compared to 125.5 in December and has lost 10 points since August. Still, pending sales were up 13 percent compared to a year earlier. This January's PHSI was, in fact, the highest for any January on record. Analysts had expected the index to be flat but individual estimates by those polled by Econoday all overshot the actual results. They covered a range from a 1.5 percent downturn to 0.5 percent growth. The consensus was for zero change. "Pending home sales fell in January because...(read more)

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Mortgage rates jump again, as economic worries subside
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After several weeks of resistance, mortgage rates are now moving in lockstep with the recent increases in the 10-year Treasury yield.…Continue readingMortgage rates jump again, as economic worries subside
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