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6. Do the math before buying points. Some lenders give you the option to buy "points" in order to reduce your interest rate. One point typically costs 1% of your loan amount.
Fixed-rate mortgage: A fixed-rate mortgage is a loan that has the same interest rate, and, therefore, the same monthly mortgage payment, the entire loan term. (Though be aware factors such as ...
Not so long ago, mortgage rates were at or below three percent. Unfortunately, rates have risen and homebuyers are confronted with high rates--in fact, finding a mortgage with under 6.5 percent...
The current average rate for a 30-year fixed mortgage is 6.75% for purchase and 6.75% for refinance, down 15 basis points from 6.90% for purchase and 11 basis points from 6.86% for refinance this ...
Freddie Mac reports an average 6.85% for a 30-year fixed-rate mortgage, down 2 basis points from last week's average 6.87%, according to its weekly Prime Mortgage Market Survey of nationwide ...
The current average interest rate for a 30-year fixed mortgage is 6.73% for purchase and 6.76% for refinance — down 6 basis points from 6.79% for purchase and 5 basis points from 6.81% for ...
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