Refis Take a Hit as Mortgage Rates Tick Up
After a small rate increase, refinance applications tumbled this week, according to the Mortgage Bankers Association
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Month: August 2019
Q2 New Home Supply Shrinks by Most in 6 Years
The supply of new U.S. homes on the market fell by 1% during the 2019 second quarter
Refinance Applications Skyrockets as Interest Rates Fall
Mortgage refinance application volume skyrocketed 37% in the past week
U.S. Mortgage Debt Surpasses 11-Year High
In the 2019 second quarter, Americans owed $9.4 trillion in mortgage debt, up $162 billion from the first quarter
Cash-only Home Purchases Dropped in June
Only 16% of all homes were paid for with cash in June.
Which is Better a Lower Rate or a Lower Purchase Price?
Is it better to search for the absolute lowest rate or is it more helpful to choose a less-expensive home? Here’s how the two factors are related and how to make the right choice.
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