Tag: refinance

'Mortgage Applications Continue to Drop Following Slight Rate Gain

Mortgage applications have once again dropped as a result of the slight increase in the average contract interest rate for 30-year fixed rate mortgages. Industry experts are also expecting to see a rate hike in June.

'Slight Increase in Interest Rates Causes a Drop in Mortgage Applications

A lot of buyers have been flocking the market in this busy spring home buying season because of the low mortgage rates. While a lot of people are taking advantage of the rates nearing its lowest in three years, a recent report shows that there was a drop in the number of mortgage applications because of a slight increase in the interest rates.

'Why Now is the Best Time to Refinance Your Home

If you are looking into refinancing your home in order to look for better offers and hopefully save up some funds for home improvement, then now would be the best time to do so. Recent reports show that lending guidelines were changed in favor of homeowners.
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  • 'Refinancing Tips: How To Calculate The Net Benefit Of Refinance Transactions
    Computing the net benefit of a refinance transaction may be a pretty tricky thing to do if you do not know what to compute. But here, we're gonna put our attention to the net benefit of the transaction from the standpoint of reducing your current interest rate. Although there could be many reasons for one person to refinance, the most popular one is to lower people's mortgage rate so as to save on the interest payments.
    By Staff Reported
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