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Mortgage denial stats by race: What we can learn

A recent report showed racial divides in mortgage approval and denial. We look closer at the data to see why, and how anyone can improve their chance of mortgage success.

MBS Day Ahead: Defensive Shift is a Cause For Concern; Yields Struggling With an Important Floor

Posted To: MBS Commentary

The GA senate election shift is old news. It did the damage it was always likely to do, but bonds had a good show of support by the end of the following week. That made good enough sense considering the pandemic is driving the market and the pandemic can't be quickly defeated. But it's worth noting that the pandemic is also driving central bank policy, and when those policies are tweaked–even subtly–bonds can and will reac t. This morning's change to the ECB's PEPP is the latest example. If you didn't click the link above, the nutshell version is this: the European Central Bank made a subtle change to its pandemic relief bond buying program that COULD mean it will buy slightly less than the maximum amounts. When these programs are initially announced, markets account for…(read more)

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The Case for Renting: Homeownership Isn’t for Everyone

Although owning is nearly twice as affordable as renting, monthly payments alone don’t tell the full story.

What Exactly Is Mortgage APR?

Mortgage interest rate and mortgage APR (annual percentage rate) while related, are not the same. You’ll see both listed for mortgages. For example, you may see a 30-year fixed-rate mortgage with an interest rate of 4.250% and an APR of 4.385%. The interest rate is the interest you pay on your home loan. The APR… Read More

The post What Exactly Is Mortgage APR? appeared first on Credit.com.

FHA Loan Requirements for 2021

Are you in the market for a new home but have very little to put down or less than perfect credit? An FHA loan may be worth considering as they have more lax qualification criteria…

The post FHA Loan Requirements for 2021 appeared first on Crediful.

Working with Mortgage Brokers: Tips and Advice

The process of finding and buying a home can be complicated and stressful, but you don’t have to go it alone. A real estate agent can help you to find the right house; a mortgage broker can help you get the best deal.  Everyone understands what the former does and why they need them, but many first-time buyers often […]

Working with Mortgage Brokers: Tips and Advice is a post from Pocket Your Dollars.

Is Selling Your Home The Key To An Earlier Retirement?

Selling your home before you retire could launch you into a much more comfortable retirement than you would have if you kept your home. Here are some reasons to consider selling your home in retirement.

The post Is Selling Your Home The Key To An Earlier Retirement? appeared first on Bible Money Matters and was written by Melissa. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.

Where Upper-Middle-Class People Are Moving

The middle class may be feeling the squeeze, but the upper-middle class certainly isn’t. The former cohort has shrunk from 61% of households in 1971 to just 52% now, according to the Pew Research Center. The upper-middle class, by contrast, … Continue reading →

The post Where Upper-Middle-Class People Are Moving appeared first on SmartAsset Blog.

How Knowing Your Happiness Style Can Help Your Marriage

It’s important to discover your own personal happiness style so you can fill your life with activities that make you, as an individual, happy.

The post How Knowing Your Happiness Style Can Help Your Marriage appeared first on Bible Money Matters and was written by Melissa. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.