• Is It Wise to Refinance Now?

    6 days ago - By RIS Media

    Over the summer of 2020, refinances of existing mortgages rose over 200 percent, according to Realtor.com. Driven by the lowest interest rates and the highest home prices in recent history, many homeowners are opting to skip the frustrations of moving in favor of lowering their current monthly mortgage payments.
    Investopedia.com warns that refinancing could be a bad idea if it's done for the wrong reasons, such as taking cash out of your home to invest or consolidating credit card debt. Refinancing comes with considerable costs and fees-typically three to six percent of your loan amount...
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  • Today's best mortgage and refinance rates: Wednesday, November 18, 2020

    Today's best mortgage and refinance rates: Wednesday, November 18, 2020

    6 days ago - By Business Insider

    Summary List Placement Mortgage rates have increased a bit since last Wednesday, and refinance rates have decreased. Both mortgage and refinance rates are low in general, though. These days, you'll probably get a better deal with a fixed-rate mortgage than an adjustable-rate mortgage.
    Fixed-rate mortgages keep your rate the same for the entire life of your mortgage. Adjustable-rate mortgages lock in your rate for the first few years, then adjust it once per year. Darrin English, Senior Community Development Loan Officer at Quontic Bank , told Business Insider there used to be a benefit to...
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