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The current average rate for a 30-year fixed mortgage is 6.80% for purchase and 6.77% for refinance, increasing 25 basis points from 6.55% for purchase and 23 basis points from 6.54% for refinance ...
The current average rate for a 30-year fixed mortgage is 6.98% for purchase and 6.98% for refinance — an increase of 6 basis points from 6.92% for purchase and 6 basis points from 6.92% for ...
Finally, there's good news for homebuyers and for homeowners who want to refinance their mortgages: The 30-year fixed mortgage rate now averages 6.73%, dropping significantly from its 20-year peak ...
The Home Affordable Refinance Program (HARP) was created by the Federal Housing Finance Agency in March 2009 to allow those with a loan-to-value ratio exceeding 80% to refinance without also paying for mortgage insurance. Originally, only those with an LTV of 105% could qualify.
The loan-to-value (LTV) ratio is a financial term used by lenders to express the ratio of a loan to the value of an asset purchased.. In real estate, the term is commonly used by banks and building societies to represent the ratio of the first mortgage line as a percentage of the total appraised value of real property.
The average rate for shorter 15-year terms is 6.59% for purchase and 6.66% for refinance — up 13 basis points from 6.46% for purchase and 15 basis points from 6.51% for refinance this time last ...
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