How mortgage rates move when the Federal Reserve meets
The Fed adjourns from a 2-day meeting Wednesday. The group doesn’t set mortgage rates but it can influence them. How this week’s meeting could affect your refinance and purchase mortgage rate.
The Fed adjourns from a 2-day meeting Wednesday. The group doesn’t set mortgage rates but it can influence them. How this week’s meeting could affect your refinance and purchase mortgage rate.
Posted To: MND NewsWire
The Acting Secretary of the Department of Housing and Urban Development (HUD) has announced an extension of the deadline for borrowers with FHA mortgage loans to apply for and receive forbearance. Matthew Ammon said up to six months of deferred or reduced mortgage payments may be available to homeowners financially impacted by the pandemic who request it by March 31, 2031. An additional six-month extension to the initial forbearance term is possible. Ammon said, “On the first day of his new Administration, President Biden took immediate actions to stem the economic devastation experienced by the nation’s hardworking families because of the pandemic. Today’s extension supports the President’s direction by providing more time for homeowners to seek mortgage payment relief.” The changed timeline…(read more)
Economists still expect mortgage rates to rise as the economy improves amid the countryâs recovery from the coronavirus pandemic.
The post Mortgage Rates DipâHereâs Why You Shouldnât Bet on Interest Rates Going Much Lower appeared first on Real Estate News & Insights | realtor.com®.
Largely asymptomatic seniors may experience a symptom not commonly associated with the coronavirus.
Refinance activity is still going strong thanks to low-interest rates, according to the December Origination Insight Report from ICE Mortgage Technology. With interest rates down to their lowest level, the share of refinances remained high at the end of 2020. Of the total closed loans, refinances accounted for 60% while purchase loans remained at 39% … [Read more…]
It happens. A collections notice shows up, a debt collector starts calling or you find a negative report on your credit history, but you know you paid the account in question. Can you sue a company for sending you to collections for money you didn’t owe? Find out more about what the law says about… Read More
The post Can I Sue a Company for Sending Me to Collections? appeared first on Credit.com.
Home buyers face several challenges this winter because of the coronavirus pandemic. These tips will help you navigate the season.
The post Bundle Up! Winter’s Home-Buying Game Has Changed. Here’s How To Win appeared first on Real Estate News & Insights | realtor.com®.
The president is calling for a temporary tax credit of $3,000 per child (more for younger children).