• Should You Take out a 15-Year Mortgage or Take out a 30-Year Loan and Make Extra Payments?

    1 month ago - By RIS Media

    If you're planning to buy a house, you will have to decide whether to take out a 15- or 30-year loan. A 15-year mortgage will have significantly higher monthly payments, but you'll pay much less in interest over the life of the loan. If you take out a 30-year mortgage, you may be able to make extra payments, direct them toward principal and pay off the loan early.
    Reasons to Choose a 15-Year Mortgage
    The interest rate on a 15-year home loan will be lower than the rate on a 30-year mortgage. The exact amount of the difference will depend on your financial situation, your lender and economic...
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  • AM Best Revises Issuer Credit Rating Outlook to Stable for Knight Insurance Company Ltd. and Its Affiliates

    1 month ago - By A.M. Best

    AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of ...
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  • U.S. housing starts, building permits accelerate

    1 month ago - By CNBC

    U.S. homebuilding and permits surged in December as historically low mortgage rates supported the housing market.
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  • US home starts gained to best rate since 2006 to close out the housing market's triumphant year

    US home starts gained to best rate since 2006 to close out the housing market's triumphant year

    1 month ago - By Business Insider

    Summary List Placement Home starts in the US climbed in December to the fastest pace since 2006 as housing-market activity thrived into the new year.
    New residential construction starts gained 5.8% to a seasonally adjusted annual rate of roughly 1.67 million units, according to Census Bureau data published Thursday. The rate sits 5.2% above the year-ago level. Economists surveyed by Bloomberg expected the rate to fall slightly to 1.56 million from November's revised level.
    Single-family-unit starts rose 12% to a rate of 1.34 million. Starts for residences in buildings with five units or...
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  • US long-term mortgage rates slip; 30-year loan at 2.77%

    1 month ago - By Chron

    WASHINGTON - U.S. long-term mortgage rates slipped this week while remaining at record-low levels.
    Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark 30-year fixed-rate home loan eased to 2.77% from 2.79% last week. By contrast, the rate stood at 3.60% a year ago.
    The average rate on 15-year fixed-rate loans, popular among homeowners seeking to refinance their mortgages, declined to 2.21% from 2.23%.
    The damage from the coronavirus pandemic on the U.S. and global economies suppressed home loan rates through most of last year.
    Long-term bond yields, which...
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