Here are the average annual percentage rates (APR) on 30- and 15-year fixed mortgage refinances and 5/1 ARM refinances: Today’s Mortgage Refinance Rates The average APR for a 30-year fixed refinance ...
What Is a 5/1 ARM? (And Should You Get One To Snag a Lower Mortgage Rate?) Prospective homebuyers have been dealt a complicated hand in recent years. Mortgage rates are still high, home prices ...
Mortgage applications decreased 0.3% last week, but refinance activity rose 4% due to lower mortgage rates. The 30-year fixed rate dropped to 6.37%, encouraging more borrowers to refinance. AI Summary ...
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Mortgage update highlights adjustable-rate options
A fresh Monday update on average mortgage rates is steering home shoppers to look closely at adjustable-rate mortgages as the ...
Mortgage applications continued to rise last week, up 10.9% from one week earlier. That’s according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the ...
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Should I refinance my mortgage?
Refinancing could make sense if you want to lower your interest rate, get rid of mortgage insurance or change loan terms ...
Homeowners are clearly looking for savings, even if it means taking on a riskier mortgage. Refinance demand, along with renewed demand for adjustable-rate loans, drove a sharp increase in overall ...
The number of people securing a home loan increased 10.9% for the week ending Aug. 8, according to the Mortgage Bankers Association. This marks the second week in a row the demand for mortgage ...
For those of us who lived through the housing crisis of 2008, you may associate adjustable rate mortgages (ARMs) with predatory lending practices and mass foreclosures. But today’s ARMs have been a ...
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