Mortgage Rates and Financial News and Tips

Mortgage Weekly Update

Mortgage Applications Fall as Interest Rates Tick Up

By Aly Yale / January 22, 2021
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Mortgage applications were down last week, dropping about 2% from the week prior, according to the latest survey from the Mortgage Bankers Association (MBA). The overall drop came from a decline in refinance applications, which fell 5% for the week.…

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Should I Refinance My HELOC into a Fixed-Rate Mortgage?

Should I Refinance My HELOC into a Fixed-Rate Mortgage?

By Aly Yale / January 18, 2021
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When you’re in need of cash, a home equity line of credit (HELOC) can seem pretty great. They come with low (often interest-only) payments for many years, you can use as much or as little as you like (similar to…

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Mortgage Weekly Update

Mortgage Apps Surge After Holiday Slump

By Aly Yale / January 15, 2021
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The holiday slump is definitely over. According to the latest survey from the Mortgage Bankers Association, mortgage activity jumped nearly 17% last week.  Total applications were up 16.7% for the week ending January 8, with refinances jumping a whopping 20%.…

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Buying or Refinancing in 2021? Use These Tips to Keep Your Credit Score Healthy

Buying or Refinancing in 2021? Use These Tips to Keep Your Credit Score Healthy

By Aly Yale / January 13, 2021
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If you’re considering buying a home or refinancing your mortgage in the new year, then the desire to keep your credit score healthy should be top of mind. Not only will your credit play a prime role in your ability…

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2020 Home Tax Deductions and What New Homeowners Need to Know

2020 Home Tax Deductions and What New Homeowners Need to Know

By Aly Yale / January 7, 2021
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If you’re one of the millions of Americans who dread tax season, you may just be in luck — at least if you bought or sold a home in the last year. Homeowners can usually qualify for a number of…

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Mortgage Weekly Update

Mortgage Activity Sees Holiday Slump

By Aly Yale / January 7, 2021
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Applications to both purchase a home and refinance one dropped over the holidays. According to the latest survey from the Mortgage Bankers Association, overall mortgage activity fell 4.2% in the last two weeks, despite mortgage rates hovering right around all-time…

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Mortgage Weekly Update

Mortgage Rates Hit New Low, Refis Surge

By Aly Yale / December 18, 2020
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We may be nearing the holidays, but the housing market isn’t slowing down. Mortgage activity increased 1.1% this week, with both refinance and purchase applications rising. Refinances are currently 105% higher than one year ago, while purchase loan applications are…

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Mortgage Loan Limits Are Changing in 2021 — What You Need to Know

Mortgage Loan Limits are Changing in 2021 — What You Need to Know

By Aly Yale / December 14, 2020
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Loan limits — or how much you can actually borrow from a lender — are rising next year, both on FHA loans and on conforming ones. The news was announced by the U.S. Department of Housing and Urban Development and…

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Mortgage Weekly Update

Rates Hit New Low, Sending Refis Up

By Aly Yale / December 10, 2020
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Purchase loan activity dropped last week, falling 5% over the week prior. Refinancing activity, on the other hand, jumped 2%. It’s now 89% higher than this time last year. The bump in refinancing is likely due to low mortgage rates,…

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Mortgage Weekly Update

Refis Fall, While Purchase Loans Surge Over Thanksgiving Holiday

By Aly Yale / December 4, 2020
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Mortgage applications dropped this week, though only slightly. According to the Mortgage Bankers Association, refinance applications dipped 5% for the week, while purchase activity rose 9%. Both remain higher than last year’s numbers (by 102% and 28%, respectively).  Here’s what…

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