Would you like to learn how to save for retirement? Learning how to save for retirement is how you start preparing for your future. It’s necessary if you don’t want to work for the rest of your life or if you want to do amazing things after you quit working, like traveling or trying new […]
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Today’s mortgage and refinance rates Average mortgage rates edged higher yesterday. It was only a small increase. And rates remain in uberlow territory. But it ended an eight-working-day run without […]
Posted To: MND NewsWire
The interest rates on 30-year fixed rate mortgages originated in December reached an all-time low in ICE Mortgage Technology’s (formerly Ellie Mae’s) records, an average of 2.93 percent and a 4-basis point decline from the November rate. The company, in its monthly Origination Insight Report , said the note rate for all three loan types it tracks, FHA, Conventional, and VA, were all below 3.0 percent for the second straight month. FHA and Conventional loans dropped to 2.94 and 2.96 percent, respectively. Each averaged 2.99 percent the prior month. The VA rate fell from 2.72 to 2.66 percent. Refinances continued to dominate at 60 percent of originations , down 1 percentage point from November but up from 46 percent a year earlier. The outsized share was skewed toward conventional loans at 68…(read more)
Mortgage rates set 14th record low of the year, driving even more refinance demand CNBC
As 2020 mortgage rates in the U.S. reached historic lows, housing sales increased throughout the year. Freddie Mac data shows that the 30-year fixed mortgage rate, excluding fees and points, fell to less than 3% in July 2020 for the … Continue reading →
The post When Do Homeowners Pay More in Principal Than Interest? – 2021 Study appeared first on SmartAsset Blog.