Dear Quentin, After finishing graduate school, my wife and I decided to pay off all our debt before buying a home, or anything for that matter. We have been cheaply renting for the last three years, and living as if I were still a very poor graduate student. During this …
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Mortgage applications decreased for the third straight week – this time down 2.5%, according to the latest report from the Mortgage Bankers Association, as reported by HousingWire. Refinance activity dropped to its slowest pace since September 2020 – down a full 5% – with declines in both conventional and government …
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With home prices skyrocketing, any rise in rates knocks even more potential buyers out of the running, and yet somehow the housing market is more competitive than ever, according to CNBC. The rate is the same now as it was a year ago. The difference from a year ago, however, …
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As interest rates plummeted throughout 2020, mortgage refinancing became a major avenue to saving money in the midst of the coronavirus pandemic. But those who took the plunge need to be aware of how opting to refinance could affect their taxes insofar as deductions are concerned. The Mortgage Bankers Association …
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According to National Mortgage News, the mortgage rate increases noticeably stifled recent borrower applications, but further growth should slacken right as the typical prime home buying season starts, said Sam Khater, Freddie Mac’s Chief Economist. “While activity remains high, it’s currently on par with early March, prior to the pandemic,” …
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The average mortgage rate hasn’t risen this high since the end of July 2020. Higher rates signal an economy that’s slowly regaining its footing, noted Sam Khater, Freddie Mac’s chief economist, reported by HousingWire. Rising rates certainly didn’t slow new home sales in January. The U.S. census bureau reported sales …
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INDIAN LAND, S.C. — Movement Mortgage, one of the nation’s largest retail mortgage lenders, is excited to announce changes to its senior sales leadership team with the promotion of company veterans Matt Schoolfield, Chris Shelton, and Kisha Weir to Divisional Leaders. They will be responsible for unified, strategic, long-term growth …
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Hi there, MarketWatchers. Don’t miss these top stories: Personal Finance ‘I will continue happily shopping there forever’: Costco customers react to retailer’s new $ 16 minimum wage Some 180,000 U.S.-based Costco employees will begin earning $ 16 an hour starting next week, the warehouse retailer’s CEO announced Thursday. We put …
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Now that things are starting to look brighter, rates are rising to places they haven’t been in months. They’re being pushed up by optimism over vaccinations and the relief bill working its way through Congress – and by fears that an improving economy will spark inflation. Zillow economist Matthew Speakman …
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