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Fed Study Points to Wisdom of Further HARP Enhancements
Economists have been debating the value versus risk of expanded refinancing opportunities since the early days of the housing crisis. Proponents argue that refinancing would free up homeowner money...
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Falling mortgage rates prop up housing market
Even as borrowers face challenges from strict credit standards and high unemployment, mortgage rates dropping over the past year to reach record or near-record lows are expected to continue to support...
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How Interest Rates Affect The Housing Market
Mortgages come in two primary forms, fixed rate and adjustable rate, with some hybrid combinations and multiple derivatives of each. A basic understanding of interest rates and the economic influences...
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Mortgages for all ages
Whether you’re young, middle age or retired, getting a mortgage isn’t always easy. Homebuyers at different stages of life typically deal with their own unique issues when it comes to loan approval....
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As mortgage rates rise, ARMs finding favor
Karen Zoeller wasn’t too worried about rising mortgage rates when she went house-hunting. But the 25% down payment requirement for an investment property took her aback. So she pulled a old trick out...
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When is an adjustable-rate mortgage (ARM) a good choice?
While there are many considerations when purchasing a home, the type of home loan used for the purchase could be the most important one. A homeowner can choose an adjustable-rate mortgage (ARM) or a...
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HARP: Dispelling the myths
Potentially millions of homeowners could refinance through the Home Affordable Refinance Program (HARP) today and begin saving money each month. But many homeowners are still sitting on the sidelines,...
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14 real estate terms that everyone should understand
So you are entering the real estate world? Whether you are trying to buy or sell a home (or do both!), you need to familiarize yourself with the lingo. You don’t want industry jargon to confuse you and...
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9 biggest mortgage mistakes
A mortgage is the biggest debt most of us will ever carry, and a home is the most expensive purchase we will ever make. That’s why it’s so important to avoid pitfalls like making a major job change...
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Reasons to Love Your Mortgage
In June, existing-home sales rose 2.6% from May to a seasonally adjusted annual rate of five million, according to the National Association of Realtors. As usual, a majority of buyers took out a...
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