You may live in your home for two years, or you may hunker down for two decades. But no matter how long you call it yours, you’ll likely experience these four key stages of homeownership – from the day you get your keys to the day you hand them off to your home’s new owner.
Editor’s note: ‘Tis the season – not only to celebrate the year’s end, but to look back at highlights of the past 12 months and start thinking about what we hope the coming year will bring. This week on Porchlight, we’ll reminisce about some of 2016’s bright spots, and help you get ready to greet 2017.
On December 14, 2016, the Fed raised a key overnight bank-to-bank lending rate by .25 percent. Even though this is a short-term rate, it also impacts longer-term home loan rates. Rates on 30-year fixed mortgages rose about .5 percent between the election and this Fed meeting – causing monthly payments on a $300,000 loan to rise
Even though rates spiked after the election and may rise further after the Fed meets December 14, there are about four million borrowers who will still benefit from refinancing, and of that, two million borrowers could save $200 or more per month by refinancing. There are many reasons to refinance, but here’s what you should know
Even though rates spiked after the election and may rise further after the Fed meets December 14, there are about four million borrowers who will still benefit from refinancing, and of that, two million borrowers could save $200 or more per month by refinancing. There are many reasons to refinance, but here’s what you should know
Mortgage rates have spiked 0.5 percent since the U.S. presidential election earlier this month. On a 30-year fixed loan of $300,000, this increases your monthly payment by $85. If you were waiting to refinance, this is a wake up call, and if you plan to buy a home, it’s time to reevaluate your budget – because
Mortgage rates have spiked 0.5 percent since the U.S. presidential election earlier this month. On a 30-year fixed loan of $300,000, this increases your monthly payment by $85. If you were waiting to refinance, this is a wake up call, and if you plan to buy a home, it’s time to reevaluate your budget – because
Good economic news isn’t always good for mortgage rates. A stark reminder of this came Friday, August 5 when new data showed that the U.S. economy added 255,000 non-farm jobs in July, blowing out consensus forecasts of just 180,000, and immediately sending rates higher. Does this mean your 2016 refi window has closed? Let’s take