Sharp dive for mortgage rates sets off new refinancing boom Many homeowners know a good deal when they see one. Demand for refinance mortgages is soaring, a survey by a major lenders trade association finds. Homeowners are stampeding toward mortgage rates that have been driven back toward all-time lows by worries about the Delta variant and by the elimination of a widely despised fee on refi loans. But U.S. homeowners are still leaving lots of money on the table. Online real estate marketplace… Source link
Read More »U.S Mortgage Rates Fall again as COVID-19 Delivers Yet More Uncertainty
Mortgage rates fell for the 9th time in 13-weeks and for a fourth straight week in the week ending 22nd July Following a 2 basis points decline from the previous week, 30-year fixed rates decreased by 10 basis points to 2.78%. Since 21st April, 30-year mortgage rates had risen just once beyond the 3% mark before the current pullback. Compared to this time last year, 30-year fixed rates were down by 23 basis points. 30-year fixed rates were still down by 216 basis points since November 2018’s… Source link
Read More »Yahoo Finance: Potential Pros and Cons of a Reverse Mortgage
A reverse mortgage loan is a potential way for an American senior at or over the age of 65 to tap into their home’s equity to help with their goals in funding retirement, and can provide a viable option for those seeking to bolster their cash flow while living on a fixed income. However, there are potential drawbacks that need to be considered prior to entering into such a loan. This is according to a column published by GOBankingRates and appearing in Yahoo Finance. One thing that… Source link
Read More »Yahoo Golf Talk: Rocket Mortgage Classic
The App is Back! Don’t forget to download the NBC Sports EDGE app to receive real-time player news, mobile alerts and track your favorite players. Plus, now you can check out articles and player cards. Get it here! Shifting our attention from Connecticut to Michigan, the TOUR heads to Detroit this week for the third edition of the Rocket Mortgage Classic. The event will be played at Detroit Golf Club, and the area has been soaked in the lead-up, so look for soft and receptive conditions this… Source link
Read More »Yahoo Cup PGA DFS Picks This Week: The Rocket Mortgage Classic
Looking for a way to learn PGA DFS without jumping in with both feet? We have a perfect solution for you. This year, Yahoo and Yahoo Fantasy are offering a $10,000 freeroll called the PGA “Yahoo Cup.” This contest awards a winner for weekly events and one winner at the end of the season who has the most cumulative points. That winner will receive $1,000. Ultimately, winning the Yahoo Cup comes down to picking the right golfers. Today I will provide my top three value PGA DFS picks based… Source link
Read More »Biden signed $10 billion in mortgage help for homeowners. Do you qualify?
Biden signed $10 billion in mortgage help for homeowners. Do you qualify? Millions are still at risk of losing their homes as a result of the economic crisis fueled by the pandemic. More than 10 million U.S. homeowners are behind on their mortgage payments and are experiencing “housing insecurity,” according to census data. If you’re in that group and your debt is piling up, the White House set aside $10 billion in the recent COVID relief package to help Americans pay their housing… Source link
Read More »Mogo Launches First Bitcoin Cashback Mortgage
Members can now earn up to $3,100 in bitcoin cashback rewards on a new mortgage or renewal Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital payments and financial technology company, today announced that it has extended its unique bitcoin cashback rewards program – which currently applies to the Mogo Visa* Platinum Prepaid Card and digital spending account – to include MogoMortgage. Under the program, Mogo members who take out a new mortgage or refinance with Mogo… Source link
Read More »What rising mortgage rates really mean for the housing market
Mortgage rates may be on the rise, but that doesn’t necessarily mean the housing boom is about to go bust. For the third consecutive week, mortgage rates pushed past 3%, with the average 30-year fixed loan hitting a nine-month high of 3.09% last week, according to Freddie Mac. The uptick is being driven by a rise in the yield on the 10-year Treasury, which is closely tied to consumer loans like mortgages, credit cards and auto loans. Rising mortgage rates typically signal a recovering… Source link
Read More »Are rising mortgage rates derailing the red-hot housing market?
TipRanks AI Is Here; 3 ‘Strong Buy’ Stocks That Stand to Benefit Hi tech is the cool kid of investment sectors, offering an unbeatable combination of cutting edge chic and long-term stock market returns. It’s understandable; our digital world has clearly passed a point of no return in the integration of tech with our daily lives. Tech companies, whether large or small, are clearly in a position to gain from this trend, offering the products and innovations that will facilitate and expand… Source link
Read More »Why Warren Buffett says you should refinance your mortgage
TipRanks Goldman Sachs: These 3 Stocks Could Spike Over 40% Expectations of good news on the near horizon are buoying markets right now. Over the past month, both the S&P 500 and the NASDAQ are up 11% to new record highs.Investors are excited at the prospect of a COVID vaccine coming before the winter is out. And the electoral results, that Democrat Joe Biden will ascend to the Presidency while the Republicans will emerge strengthened in Congress, promise the avoidance of extremes typical of… Source link
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