Archive for 'Refinance'

Mortgage Rates Drop…

Mortgage costs and rates were expected to climb after the Federal Reserve raised its benchmark lending rate in December, but mortgage rates for 30-year loans fell to the lowest level since late April 2015, reducing borrowing costs.

The reason borrowing costs are declining is due to turbulent global markets and slowing U.S. job growth. These recent signs of economic slowdown has been driving investors to the safety of U.S. government bonds, ...

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Housing Market Sizzles

As the Summer drags on, some housing markets in California and the US continue to sizzle. Flattery is a tried-and-true negotiating strategy, but some homebuyers in hot markets are coming up with unusual ways to win over sellers.

In markets where homes are selling at record rates, it’s common for buyers to include a personal note along with their offer paperwork. Usually that means a letter to introduce the seller to ...

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Has Housing Reached an Inflection Point?

The US housing market continues its recovery aided by low interest rates and low inventory, however, some suggest that housing has reached an inflection point, given that most homes in the US are at or above pre-bubble levels. A sharp increase in mortgage rates could have a significant impact on the market as buyer purchasing power drops when rates rise. Below are other signs that the market may be ...

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Surge in Home Equity Spurs Refinances

Many of us associate the term “cash-out refinance” with the risky consumer behavior during the real estate boom, when some homeowners turned inflated home values into money machines, leveraging their equity to the maximum allowed. That didn’t end well for many but now that home equity is on the rise, cash-out refinancing is making a strong comeback, however, this time under much tighter guidelines. Cash-out refinances have grown to 17% ...

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Another Opportunity to Refinance

Just a quick update… This past week has been very unusual for mortgage rates – Mortgage rates defied odds and edged down to the lowest point in seven months, even as some economic reports show that the U.S. economy is growing. Who knew.

For those of you who may have missed the opportunity to refinance last year, this is a good a time get your paperwork in order and lock in ...

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