Items Tagged with 'LendingTree'

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  • America's homebuyers are saving big as interest rates continue to decline

    Last week, 53.5% of borrowers received rates under 4.25%
    Mortgage borrowers who shopped around last week could’ve saved $42,137 over the life of a $300,000 loan, according to LendingTree's Mortgage Rate Competition Index. LendingTree indicates that the share of borrowers who received rates under 4.25% rose to 53.5%, with the index retreating 0.89 for the week ending June 9, 2019.
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  • Homebuyers, you could have saved $44,353 by shopping around for a mortgage last week

    Last week, 42.3% of borrowers received rates under 4.25%
    Mortgage borrowers who shopped around last week could've saved $44,353 on the life of a $300,000 loan, according to LendingTree's Mortgage Rate Competition Index. The share of borrowers who received rates under 4.25% ticked up to 42.3%, with the index growing to 0.94 for the week ending June 2, 2019.
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  • Homebuyers, here's how much you could have saved by shopping around for a mortgage last week

    With last week's average rate, the average borrower could save $42,875 on a $300,000 loan
    Mortgage borrowers who shopped around last week could’ve saved $42,875 on the life of a $300,000 loan, according to LendingTree's Mortgage Rate Competition Index. According to the company’s data, although the share of borrowers with rates under 4.25% moderately edged down, nearly 33% of borrowers received rates under 4.25%.
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  • LendingTree: Student loan debt is driving Millennials to buy fixer-upper homes

    88% of homebuyers with student loan debt consider purchasing a fixer-upper
    With more than $1.5 trillion in student loan debt, new LendingTree research shows an overwhelming majority of homebuyers are considering purchasing “fixer-upper” homes to combat costs. In fact, 88% of homebuyers that are grappling with student loan debt are now more likely to consider a “fixer-upper” home, according to the online lending marketplace’s data.
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  • Poor credit scores keep Gen Xers from entering the housing market

    On average, Gen Xers owe more than $20,000 in student loan debt
    A recent report from LendingTree reveals that although Gen Xers are now in their prime earning years, many are refraining from homeownership due to substantial debt. According to LendingTree’s analysis, 28% of homeowners owe a median of $28,557 in student debt, whereas 27% of renters have a median of $28,203.
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  • Borrowers in these cities save the most by shopping around for mortgages

    Golden State reigns supreme in savings, especially in San Francisco
    In a recent analysis, LendingTree utilized its Mortgage Rate Competition Index to reveal the difference in rates and potential savings for mortgage shoppers in the 50 largest housing markets across the country. According to the company’s findings, the average homebuyer can save as much as $31,000 over the lifetime of a loan by shopping around for a mortgage.
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  • Americans still favor owning over renting, but for how long?

    67% of American homeowners believe owning is easier than renting
    In a recent analysis, LendingTree surveyed 2,095 American homeowners aged 22 and older about their perceptions of owning a property versus renting. According to the study, homeownership duration is a tremendous indication of whether or not a person is likely to return to the rental market.
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  • LendingTree: These are the best markets for the nation's middle-class homeowners

    Americans earning a median income can afford a median-priced home in most metros
    A recent analysis published by Moody’s Investors Services indicates the era of unusually affordable housing has ended, meaning America’s housing affordability has returned to average historical levels. Although this means homes are no longer cheap on a national basis, LendingTree’s latest affordability report suggests the market is still relatively affordable for most Americans.
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  • LendingTree: This is how many people received mortgage rates under 5% last week

    14.95% of new borrowers received mortgages under 4.25%
    According to LendingTree's Mortgage Rate Competition Index, borrowers with rates under 5% nearly reached 15% for the week ending April 28, 2019. Last week, by shopping for the best mortgage rates, homebuyers could have seen median lifetime savings of $41,842 in interest on a $300,000 loan.
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