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  • SEC, FBI reportedly investigating Live Well Financial collapse

    Trouble continues to brew for Live Well Financial, the forward and reverse mortgage lender that unexpectedly went bust last month, as court documents reveal that authorities are looking into the lender. According to documents filed by Live Well’s creditors, the SEC, the U.S. Attorney's Office in the Southern District of New York, and the FBI’s Bank Fraud Division have all been poking around for information on Live Well’s dealings. Click the headline for the full story.

Items Tagged with '30-year mortgage'

ARTICLES

  • Hello refis? Mortgage rates just had the largest one-week drop in 10 years

    Interest rates haven't been this low since January 2018
    Just over six months ago, it appeared that refinance demand had all but dried up thanks to mortgage interest rates that were pushing past 4.5%. But my how the tables have turned. According to newly released data from Freddie Mac, mortgage rates just experienced the largest one-week decline in a decade.
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  • [Charts] Here's how much money shopping around for a mortgage can save borrowers

    How many lenders did you check out?
    While there's already a push to get more consumers to shop around for a mortgage and branch out beyond getting a mortgage where they already bank, many consumers still don't check out their options. This new chart from LendingTree outlines exactly how much money borrowers can save by shopping around for more offers. Spoiler, it could save thousands annually.
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  • Ellie Mae: Interest rates on closed loans rise to 16-month high

    Rising interest rates drove down refinance originations
    The average interest rate for 30-year, fixed-rate mortgages rose to a 16-month high in February, according to the new data from Ellie Mae. The increase in interest rates depressed the refinance market, as the report showed that the share of purchase mortgages closed rose to 57% in February. That’s the largest that figure has been since July 2016.
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  • Goldman Sachs: Mortgage interest rates will rise to 5.5% by 2019

    Current 30-year mortgage rate is approximately 4.15%
    The most recent data from Freddie Mac shows that the average interest rate for a 30-year, fixed-rate mortgage is around 4.15%, but interest rates are going to increase by a significant margin over the next few years, analysts from Goldman Sachs said in a new report. Here are the details.
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  • How to lower your mortgage rate in 2017

    Tricks for the rising interest rate environment
    Mortgage rates are on the rise, and have been for the last nine weeks, as evidenced by the latest data from Freddie Mac. And with the Federal Open Market Committee recently announcing an increase in the federal funds rate, for the second time in 10 years, odds are that interest rates aren’t going to go back down anytime soon. So what are prospective buyers supposed to do in the face of a rising rate environment?
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  • Freddie Mac: Mortgage rates climb for ninth straight week

    But 2016's annual average is still lowest on record
    Mortgage interest rates remained at a two-year high this week, climbing again for the ninth straight week after the election. But thanks to incredibly low interest rates seen earlier this year, 2016 will finish with the lowest annual average for the 30-year, fixed-rate mortgage on record, according to new data published Thursday by Freddie Mac.
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  • Here's the real impact of the post-Trump interest rate spike

    Far fewer borrowers with incentive to refinance; homes are less affordable
    While still low by historic standards, interest rates are roughly 50-basis points higher now than they were before Donald Trump won the election, and a new report from Black Knight Financial Services shows the real impact of that increase on borrowers and potential borrowers. The bottom line, according to Black Knight’s report, is that housing is less affordable right now than it was before the election.
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  • Fitch: Brexit could lead to all-time lows for mortgage interest rates

    Sub-3.3% interest rate coming?
    In the wake of the United Kingdom’s shocking decision to leave the European Union, experts throughout the U.S. housing industry weighed in on the potential impact of the Brexit. The general consensus among those experts is that mortgage interest rates are going down, but just how low? Well, according to analysts at Fitch Ratings, mortgage rates could hit all-time lows as the Brexit dust settles.
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