The numbers: Existing-home sales increased for the fourth consecutive month in September, as the U.S. housing market benefitted from low interest rates. Total existing-home sales rose 9.4% from August to a seasonally-adjusted, annual rate of 6.54 million, the National Association of Realtors reported Thursday. Compared with a year ago, home sales were up nearly 21%. “Home sales […]
Why Refinance Your Mortgage
One of the bright spots of the pandemic and ensuing financial pain for homeowners is that they’ve been able to refinance their mortgages at record-low rates—and save quite a bit of cash. That’s about to change. Fannie Mae and Freddie Mac will be charging lenders a new fee on refinances that is likely be passed […]
Are you Seeking a Forbearance on your Mortgage?
Homeowners are asking for breaks on their mortgage payments in droves, as millions of Americans face the prospect of unemployment or reduced income because of the coronanvirus pandemic. But, requesting a forbearance on your mortgage isn’t foolproof. Watch out for the Red Flags. The $2.2 trillion CARES Act stimulus package requires servicers to provide forbearance — […]
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