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The gap between ARMs and fixed-rate loans is now really small because of the inverted yield curve. It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.
One silver lining from trade tensions with China and fears about a slowing global economy – the same factors whipsawing the stock market – is that mortgage rates are heading lower. That is helping.
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It’s a well-known norm in the reverse mortgage industry that product education is key to expanding the understanding of reverse mortgage products, whether talking about a traditional Home Equity.
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Mortgage rates have done it again: They’ve fallen to another level that we haven’t seen since November of 2016. The spring.
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Mortgage rates were mostly unchanged today, which will come as a surprise to scores of consumers who mistakenly believe the Fed’s 0.25% rate cut equates to a 0.25% drop in rates. The Fed does not set.
Realtor.com reports how much more home buying power there is today thanks to lower mortgage rates. The national online real estate platform recently reported on how much further a $1,500 mortgage.
U.S. mortgage rates are continuing to decline and remain at levels not seen since November 2016, according to Freddie Mac.
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