Items Tagged with 'LendingTree'

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  • Do home equity loans affect your credit score?

    New study analyzes 2,500 borrowers to find out
    Despite record amounts of home equity, fewer homeowners are tapping into this source of wealth. While a number of factors contribute to this fact, could concerns about a home equity loan's effect on credit score play a role? To determine the impact a home equity loan could have on a borrower's credit profile, LendingTree analyzed data from 2,500 consumers to see how their credit scores changed in the months after they took out a loan, and the results may surprise you.
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  • LendingTree: Fewer homebuyers received mortgage rates under 5% last week

    84.7% of new borrowers received mortgages under 5%
    LendingTree's latest Mortgage Rate Competition Index revealed that the number of borrowers with interest rates under 5% reversed course, inching backward for the week ending Mar. 12, 2019. Last week, by shopping for the best mortgage rates, homebuyers could have seen median lifetime savings of $36,370 in interest on a $300,000 loan.
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  • LendingTree: Number of mortgage borrowers receiving interest rates under 5% rises

    86.5% of borrowers received mortgages under 5%
    LendingTree's latest Mortgage Rate Competition Index revealed that borrowers with interest rates under 5% inched forward for the week ending Feb. 26, 2019. The report states that for 30-year fixed-rate mortgages, 86.5% of purchase borrowers received offers with interest rates under 5%, rising from 84.2% last week.
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  • This is where Millennials are buying the most homes

    LendingTree reveals which metros have the most Millennial mortgage purchase requests
    In a recent report, LendingTree revealed that between Jan. 1, 2018 and Nov. 25, 2018, about one-fourth of all mortgage purchase requests made on its website came from Millennials. However, these three markets have the largest percentage of Millennial purchase requests.
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  • Mortgage debt or student loans, what's weighing you down?

    Pittsburgh tops the list of cities where people owe more for their education than their homes
    Mortgage debt is traditionally the largest debt Americans hold, but student loans are steadily climbing higher on the list. A recent study by LendingTree seeks to uncover how mortgage debt stacks up against student loan debt, listing the cities where homeowners say the money they owe for their education exceeds the balance on their mortgage.
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