How mortgage rates move when the Federal Reserve meets
The Fed adjourns from a 2-day meeting Wednesday. The group doesn’t set mortgage rates but it can influence them. How this week’s meeting could affect your refinance and purchase mortgage rate.
The Fed adjourns from a 2-day meeting Wednesday. The group doesn’t set mortgage rates but it can influence them. How this week’s meeting could affect your refinance and purchase mortgage rate.
Mortgage rates have had a great couple of weeks after jumping to multi-month highs at the beginning of January. By yesterday, they’d made it almost all the way back to their best recent levels. The same was true this morning, but things have changed since then. The bond market (which dictates rates) had its worst day in several weeks. This was at least partially in response to volatility in equities markets which helped bonds yesterday but hurt them today. When bonds lose enough ground during the course of a day, mortgage lenders can adjust their rate offerings with what’s known as a “mid-day reprice.” Reprices can be for the better or worse. Today’s were worse , but the damage is far from severe –only unwinding a day or two of the recent improvement. The average mortgage borrower would likely
The final 2017 Tax Cuts and Jobs Act legislation passed December 20, 2017, and was signed into law on January 3, 2018. It ended up being less scary than many Americans had feared. And while the biggest impact may yet prove to be on businesses, some important changes affect you and the majority of other… Read More
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Refinance activity is still going strong thanks to low-interest rates, according to the December Origination Insight Report from ICE Mortgage Technology. With interest rates down to their lowest level, the share of refinances remained high at the end of 2020. Of the total closed loans, refinances accounted for 60% while purchase loans remained at 39% … [Read more…]
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The biggest obstacle to someone with a crushing debt burden is a lack of knowledge of how to get their arms entirely around the problem, and know how to go about making it right. They do not understand what options are available to them, and if they do, they are unsure as to what the … Read More about How to Avoid Filing for Bankruptcy
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Home buyers face several challenges this winter because of the coronavirus pandemic. These tips will help you navigate the season.
The post Bundle Up! Winter’s Home-Buying Game Has Changed. Here’s How To Win appeared first on Real Estate News & Insights | realtor.com®.
Need to tap your home equity? Here’s what you need to know about your options: cash-out refinance, home equity loan, and home equity line of credit.
The post Need Cash? 3 Ways To Tap Your Home Equityâand Which One’s Right for You appeared first on Real Estate News & Insights | realtor.com®.
The future is here, and while the flying cars that were promised havenât arrived yet, the finance world is speeding full-force into the future with everything from wireless payment apps on our phones to entirely decentralized finance systems. Decentralized finance, known as DeFi for short, is a fundamentally new financial system that moves monetary control […]
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