Mortgage Rates and Financial News and Tips
What Is Flood Insurance? And When Is It Required?
General homeowner’s insurance policies don’t cover flood-related damages. While they might extend to plumbing-related flooding, if your home is flooded due to a storm, hurricane, or another natural disaster, they won’t be of much help at all. In these situations,…
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Purchase Loans, Refis Decline Despite Drop in Rates
Mortgage rates dropped this week, but so did both purchase activity and refinances. According to the Mortgage Bankers Association, the average rate on a 30-year fixed loan fell to 3.27%, down from 3.36% the week prior. At the same time,…
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How to Create Your Dream Home Checklist
Having a detailed checklist is critical when you’re a homebuyer. Not only can it ensure you snag your dream home, but it can also speed up the overall process, making your home search easier, more efficient, and more effective on the…
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Home Purchases, Refis Dip as Rates Keep Rising
What happened in the mortgage market this week? It’s a story we’ve heard several times over the past few months: Mortgage rates rose, refinances dropped, and home purchase activity fell as well. According to the Mortgage Bankers Association, overall mortgage…
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Interest Rates Finally Drop, But Home Purchases Are Still Down
It was a mixed bag for the mortgage market this week, according to the latest data from the Mortgage Bankers Association. On the one hand, rates finally stopped climbing after seven weeks of increases. The average rate on a 30-year…
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What Buyers Need to Know About the Fair Housing Act
It’s officially National Fair Housing Month, which celebrates the groundbreaking passage of the Fair Housing Act over five decades ago. If you’re not familiar with the law or the protections it includes, now’s a great time to learn — especially…
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5 Helpful Things You Can Do Before Applying for a Mortgage
Applying for a mortgage is a big step, so you’ll want to go into the process as prepared as possible. We have five helpful tips for things you can do before applying for your home loan. Read them over to…
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Homebuyer Demand Remains Strong, Despite Rising Mortgage Rates
Mortgage rates rose yet again, dampening refinance demand significantly. According to the latest data from the Mortgage Bankers Association, the average rate on a 30-year, fixed-rate loan now clocks in at 3.36% — up 0.50 since the start of 2021.…
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Paying Off Debt? 5 Tips to Help You Make More Progress
Paying off debt is never easy, but it can be done. Plus, the feeling of relief when you’ve finally paid down your balances is like no other. With that in mind, if you are serious about getting your finances under…
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Sellers, Here’s What You Need To Know About The Comparative Market Analysis (CMA)
When you hire a real estate agent to help you sell your home, one of the things that they will do for you is to help you decide on the correct listing price for the property. However, many sellers wonder…
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