A sharp drop in interest rates last week suddenly made millions more borrowers eligible for a mortgage refinance.
A sharp drop in interest rates last week suddenly made millions more borrowers eligible to refinance their mortgages.
On a $300,000 mortgage a refinance of, for example, 4.81 percent to 4.06 percent would save the homeowner about $133 per month. On a $600,000 loan, it would be twice that savings, or $267 per month. "Our call volume has definitely ticked up," said Matt Weaver"We are servicing the calls coming in, but we are also reaching out."
One issue in the housing market for both buyers and refinancers has been appraisals. Home prices inflated so quickly that some appraisals were not keeping up. Now that home prices are cooling, that is the case less often.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Floods kill at least 18 in southern Iran, nearly 100 woundedFloods kill at least 18 in southern Iran, nearly 100 wounded, Iran's semi-official Tasnim news agency reports.
Lire la suite »
WeWork’s Annual Loss Doubles to Nearly $2 Billion Amid Rapid ExpansionWeWork said its loss last year doubled to nearly $2 billion, as the nine-year-old company spent heavily in an effort to rapidly expand its network of shared offices around the world.
Lire la suite »
Tesla could rally nearly 40 percent, but that doesn't mean it's a buy, technician saysAnalysts are torn on Tesla, but technician Ari Wald says he's still in the negative camp even if he sees a potential 40 percent rally ahead.
Lire la suite »
Home prices in January see smallest gain in nearly 4 years: S&P Case-ShillerPrices are still rising, but the gains continue to shrink, as fewer buyers are able to afford the homes available for sale.
Lire la suite »
Poll: Nearly half still think Trump obstructed Russian probeMueller's report may have concluded there was no conspiracy between Russia and Trump’s campaign, but a new poll shows that the political fog around the president remains
Lire la suite »
Mother charged after 3-year-old son nearly drowns in Florida hot tubAuthorities in Daytona, Florida, said surveillance footage showed her throwing something away in the garbage can as witnesses tended to her child.
Lire la suite »
Michelle Obama's memoir has sold nearly 10 million copiesFormer first lady Michelle Obama's best-selling memoir, 'Becoming,' has sold nearly 10 million copies, the publisher's parent company announced
Lire la suite »
Weekly mortgage applications surge nearly 9% on lower ratesApplications to refinance jumped 12 percent for the week as homeowners rushed to take advantage of attractive rates.
Lire la suite »