Should You Refinance Your Mortgage Now That the Fed Just Cut Rates?
Refinancing your mortgage can help you get a lower monthly payment. You also have the opportunity to change up your loan type and term. A cash-out refinance is another mortgage refinancing option that lets you convert home equity into cash. That lump sum could pay for a home renovation or to retire high-interest credit card or student loan debt.
In early August, refinance applications were up nearly 60% versus the same period a year earlier, according to the Mortgage ...
The median interest rate on a 30-year fixed-rate mortgage is 5.990% as of September 19, which is unchanged from yesterday.
The average contract rate on a 15-year mortgage slid 29 basis points to 5.42%, also the lowest in two years.
Mortgage rates are influenced by several factors, including how the bond market reacts to the Federal Reserve’s interest rate ...
Mortgage applications climbed 14.2% in one week’s time, a byproduct of sinking mortgage rates and further drops anticipated.
The rate for the most popular home loan fell 14 basis points in the week ended Sept. 13 to 6.15%, marking the lowest rate ...
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