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10 Cities Where Black Americans Fare Best Economically
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Black Americans have higher incomes and higher rates of homeownership here.
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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
3 Financial Dates and Deadlines in March 2021
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Mark your calendar now so you don't risk a fine or miss an opportunity to save.
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Freddie Mac’s 12-Month Portfolio Growth Nears Half Trillion
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Posted To: MND NewsWire

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 16.1 percent in January compared to a 22.4 percent gain in December. The portfolio balance at the end of the period was $2.777 trillion compared to $2.740 trillion the prior month and $2.339 trillion a year earlier. Purchases and Issuances totaled $120.128 billion and Sales were ($.588) billion. The December numbers were $129.639 billion and ($1.330) billion, respectively. Single-family refinance loan purchase and guarantee volume was $84.5 billion in January compared to $77.6 billion in December, representing a 73 percent share of total single-family mortgage portfolio purchases and issuances, up from 70 percent the previous month. Purchases in Freddie Mac's Mortgage Related Investments Portfolio...(read more)

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Underrated Reasons Why You Need a Best Western Rewards Premium Mastercard
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If you’re a traveler looking for inexpensive but quality hotels, you’re probably familiar with Best Western. This hotel group spans 18 brands in about 100 countries. Even if you stay……Continue readingUnderrated Reasons Why You Need a Best Western Rewards Premium Mastercard
Redfin CEO likens housing inventory crunch to ‘Soviet-era supermarket’
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The number of home listings collapsed to the lowest level on record, leaving “nearly all of the shelves empty,” Glenn Kelman said in the company’s latest home sales report.…Continue readingRedfin CEO likens housing inventory crunch to ‘Soviet-era supermarket’
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
Brutal Week For Rates But There’s Hope (Hopefully)
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Rising rates have been on the menu for months, but the drama kicked into a higher gear this week. Maybe you heard about this? We've certainly been discussing it in recent newsletters ( especially last week's ). The rising rate narrative hit the mainstream this week as it was widely credited for doing damage to the stock market. Perhaps you even caught one of Thursday's many mortgage rate headlines citing the spike in Freddie Mac's weekly mortgage rate survey. Freddie reported a jump in 30yr fixed rates from 2.81 to 2.97, their biggest in nearly a year. Unfortunately, Freddie was low last week and they're WAY low this week. This is a common problem when things are this volatile. Although their survey is published on Thursdays, most of the responses are in by Monday. As such, their numbers didn…Continue readingBrutal Week For Rates But There’s Hope (Hopefully)
Delinquency Rate Lowest in COVID Era; but Lingering Risks Remain
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Posted To: MND NewsWire

Loan performance continued to improve in January although the number of delinquencies remains significantly elevated from pre-pandemic levels. Black Knight's first look at the month's loan performance data has both good news and some that is disquieting. The good news is a 121,000-loan decline in the number of loans that are 30 or more days past due but not in foreclosure when compared to the prior month. This reduced the national delinquency rate to 5.85 percent, the first time the rate has been under 6 percent since the pandemic hit in March 2020. The number of seriously delinquent loans, those 90 or more days past due but not in foreclosure, was reduced by 56,000 loans. Black Knight includes loans that are in active forbearance plans in its delinquency numbers if they are non-current. However...(read more)

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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
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