Tag: mortgage
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3 mortgage refinancing alternatives seniors should consider now
A reverse mortgage could provide seniors access to attractive funding now that mortgage refinance rates are high again. Getty Images/iStockphoto Traditionally, a mortgage refinance helps homeowners put extra money back into their pockets. By refinancing to a lower interest rate than what they currently have on their mortgage loan, homeowners reduce their payments and save…
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Average mortgage rate increases heading into winter holidays
Average mortgage rate increases heading into winter holidays – CBS News Watch CBS News The 30-year fixed mortgage rate appears to be rising as buyers await a good time to enter the market. Maria Avellaneda, an associate broker for Keller Williams NYC, joins CBS News with more. Be the first to know Get browser notifications…
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How far have mortgage interest rates fallen in 2024?
Mortgage interest rates are rising again after falling earlier in the year. Getty Images When the Federal Reserve raised its benchmark interest rate to its highest point in decades in the summer of 2023, mortgage interest rates surged alongside it, hitting their highest level since 2000. But as inflation cooled in the final months of…
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What will happen to mortgage rates after this week’s Fed rate cut?
A cut to the federal funds rate looms over the housing market right now. Getty Images Those who were looking to buy a home finally got a major reprieve in September when mortgage interest rates plunged to a two-year low. That came right before the Federal Reserve issued a larger-than-anticipated 50 basis point reduction to…