Home / Tag Archives: refinancing

Tag Archives: refinancing

Mortgage refinancing more expensive than Fannie Mae, Freddie Mac charges

Signage will be posted outside Freddie Mac’s headquarters in McLean, Virginia, USA on Tuesday, October 1, 2019. Andrew Harrer | Bloomberg | Getty Images Consumers will have to pay more to refinance their mortgages after Fannie Mae and Freddie Mac announced they were charging lenders for the loans. The change is designed to protect the two companies from the added …

Read More »

How to cut the expensive cost of mortgage refinancing

Refinancing is like taking out a mortgage. By exchanging your home loan for a new one, you can save money with a new interest rate, use your equity, or change the loan term. © Hurst Photo / Shutterstock 6 ways to cut the cost of mortgage refinancing Average 30-year fixed rate mortgage rates have dropped to an unheard-of level of …

Read More »

As mortgage rates fall to record lows, refinancing is costly

The historic drop in mortgage rates has led to breathtaking deals, with many borrowers taking out 30-year loans well below 3 percent. © Bonnie Jo Mount / The Washington Post via Getty Images Suburban houses But watch out borrowers: the sweet deals sometimes bring a sour surprise in the form of high closing costs. Don’t let the rate in your …

Read More »

How to get incredibly affordable student loan refinancing rates

Refinancing private student loans can save you money and optimize loan repayment. (iStock) Managing student loan debt can be a financial juggling act, especially if you have private student loans with high interest rates. Refinancing your student debt can save you money on interest expenses, lower your monthly payments, and possibly repay your loans faster. When you are considering refinancing …

Read More »

Mortgage Refinancing Rates and What You Should Do

And homeowners take note of it. As a rule of thumb, refinancing your mortgage is worth it if the new interest rate is about 1% below your current interest rate. But there are many other factors that you need to consider – including the cost of your graduation, your loan term, and the length of time you plan to stay …

Read More »

China cuts its short-term refinancing rate for the first time since 2015

Main building of the People's Bank of China. Zhang Peng | LightRocket | Getty Images The Chinese central bank unexpectedly cut interest rates on Monday, the first such cut in more than four years, and signaled to markets that policymakers are ready to shore up slower growth. The People's Bank of China (PBOC) announced on its website that the 7-day …

Read More »

Weekly mortgage refinancing continues to decline despite lower interest rates

Mortgage rates, which had remained stable two weeks ago, fell again last week, but this did not increase mortgage demand. The volume was 62% higher than in the same week a year ago when interest rates were much higher and refinancing activity extremely low. The average contract interest rate for 30-year fixed-rate mortgages with corresponding loan balances (484,350 USD or …

Read More »

Mortgage refinancing on a three-year high, fueled by low interest rates

NEW YORK – Lenders are flooded with mortgage refinancing requests that have not materialized since 2016, as US homeowners are taking advantage of recent interest rate cuts. The Mortgage Bankers Association, a trading group, said home loan refinancing applications rose 0.4% last week compared to the previous week, reaching their highest level since July 2016. This was the fourth consecutive …

Read More »