Friday, January 22
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Refinance

Mortgage Rates vs. Fed Announcements

Credit Card Guide, Credit Card News, Mortgage Rates, Refinance
File this one under “no correlation,” despite a flood of news articles claiming the Fed’s rate cut directly impacts mortgage rates. Today, the Fed cut the federal funds rate by half a percentage point to a range of 1-1.25% due to the uncertainty surrounding the coronavirus, this despite a strong U.S. economy. That sent mortgage [&hellip The post Mortgage Rates vs. Fed Announcements first appeared on The Truth About Mortgage.Source: thetruthaboutmortgage.com

An Alternative to Paying Mortgage Points

Credit Card News, Estate Planning, Mortgage Rates, Mortgage Tips, Refinance
If and when you take out a mortgage, you’ll be faced with an important choice. To pay or not pay mortgage points. In short, those who pay points should hypothetically secure a lower interest rate than those who do not pay points, all else being equal. That’s because mortgage points, at least the ones that [&hellip The post An Alternative to Paying Mortgage Points first appeared on The Truth About Mortgage.Source: thetruthaboutmortgage.com

What Is a Streamline Refinance?

Credit Card News, Estate Planning, Mortgage Tips, Refinance
Mortgage Q&A: “What is a streamline refinance?” While qualifying for a mortgage refinance is generally a lot harder than it has been in the past (now that lenders actually care how your home loan performs), there are less cumbersome options available. In fact, many lenders offer “streamlined” alternatives to existing homeowners to lower costs and [&hellip The post What Is a Streamline Refinance? first appeared on The Truth About Mortgage.Source: thetruthaboutmortgage.com

Don’t Freak Out About the Recent Mortgage Rate ‘Spike’

Credit Card News, Mortgage News, Mortgage Rates, Refinance
Queue the panic. Mortgage rates have officially spiked and the media is all over it. Yep, the average rate on a 30-year fixed mortgage increased from 2.65% to 2.79% this week, per Freddie Mac’s weekly survey. Freddie Mac Chief Economist Sam Khater noted in the weekly news release that mortgage rates have been under pressure [&hellip The post Don’t Freak Out About the Recent Mortgage Rate ‘Spike’ first appeared on The Truth About Mortgage.Source: thetruthaboutmortgage.com

If a Mortgage Lender Reaches Out to You, Reach Out to Other Lenders

Credit Card News, Estate Planning, Mortgage Tips, Refinance
A lot of homeowners are looking to refinance their mortgages at the moment. That’s abundantly clear based on the record volume of refis expected this year, per the MBA. And while mortgage rates are in record low territory, thus making the decision to refinance an easy one for most, it still pays to shop around. [&hellip The post If a Mortgage Lender Reaches Out to You, Reach Out to Other Lenders first appeared on The Truth About Mortgage.Source: thetruthaboutmortgage.com