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Mortgage and refinance rates today, January 22, 2021

UncategorizedBy January 23, 2021

Today’s mortgage and refinance rates  Average mortgage rates inched lower yesterday. The fall was the smallest that can be measured. But was welcome nonetheless. First thing this morning, key markets

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Mortgage and refinance rates today, January 21, 2021

UncategorizedBy January 22, 2021

Today’s mortgage and refinance rates  Average mortgage rates edged lower yesterday. It was a small drop but it inches them further toward the all-time low, though there’s still a way

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What is a home equity loan and how does it work?

UncategorizedBy January 22, 2021

A home equity loan lets you cash-out your equity without replacing your current mortgage. Learn how home equity loans and home equity lines (HELOCs) work.

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Getting a mortgage without your spouse: What are the benefits and drawbacks?

UncategorizedBy January 22, 2021

Thinking about buying a house or refinancing with only one spouse on the mortgage? Here are the major benefits and drawbacks to consider.

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Biden’s Path To $1.9 Trillion Stimulus Still Unclear As GOP Resists Spending

UncategorizedBy January 22, 2021

The new president’s administration is looking to drum up bipartisan support for the plan, but there’s no guarantee that Republicans will sign on.

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Republicans Claim Rejoining Paris Climate Accords Will Cost American Jobs, But Here’s What’s Really Happening

UncategorizedBy January 21, 2021

Biden made the move to rejoin on his first day in office.

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Mortgage and refinance rates today, January 20, 2021

UncategorizedBy January 21, 2021

Today’s mortgage and refinance rates  Average mortgage rates were unchanged yesterday, as expected. So they remain exceptionally low, though a bit above the record. There may be literal fireworks over

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Best programs for getting a mortgage with a disability in 2021

UncategorizedBy January 21, 2021

Learn about grants and home loans for disabled individuals that can make it easier and more affordable to buy your own home.

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Another 900,000 Americans Filed For Unemployment Last Week As Biden Preps Major Stimulus Push

UncategorizedBy January 21, 2021

Nearly 16 million Americans are collecting some form of government unemployment benefit.

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BlackRock Files To Add Bitcoin Futures To Funds

UncategorizedBy January 20, 2021

The price of bitcoin is up more than 20% this year.

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Don’t Hold Your Breath For Biden’s Big Stimulus Plan—Here’s Why Some Of It Might Be Delayed

UncategorizedBy January 20, 2021

Romney says he’s “not looking for a new program in the immediate future.”

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Mortgage and refinance rates today, January 19, 2021

UncategorizedBy January 20, 2021

Today’s mortgage and refinance rates  Average mortgage rates had a good week last week with another small fall on Friday. They’re now 10 or 11 basis points (a basis point

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Reali Loans Review for 2021

UncategorizedBy January 20, 2021

Reali Loans mortgage review showing how Reali compares to other top mortgage lenders for mortgage rates, loan options, and customer service.

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Biden To Extend Student Loan Pause And Eviction Moratorium On Day One

UncategorizedBy January 20, 2021

The new president will also ask federal agencies to extend a foreclosure ban.

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Biden Is Inheriting One Of The Worst Economies In Recent History—These 5 Numbers Show How Much He Needs To Fix

UncategorizedBy January 19, 2021

The new president is ready to spend big to stave off disaster, but not everyone agrees with his plans.

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Janet Yellen Wants Lawmakers To ‘Act Big’ On Stimulus

UncategorizedBy January 19, 2021

If confirmed, Yellen will take the reins of the Treasury Department in the midst of the worst public health and economic crises the United States has seen in generations.

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What credit score do you need to buy a house? Your guide to credit and mortgages

UncategorizedBy January 19, 2021

The minimum credit score to buy a house varies by loan program. Most home buyers can get approved with a 580 credit score or higher. Learn how.

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Poll: 82% Of Americans Want More Small Business Aid, 72% Want Stimulus Checks From Biden Administration

UncategorizedBy January 19, 2021

The new president introduced a $1.9 trillion stimulus plan last week.

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Why are mortgage rates going up? Biden, vaccines, and interest rates

UncategorizedBy January 18, 2021

Mortgage rates moved up last week, and it looks like they’ll keep rising in 2021. But how high will rates go? Should you try to lock in now?

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Who Is Gary Gensler, Biden’s Pick To Run The SEC?

UncategorizedBy January 18, 2021

The Obama Administration veteran and former Goldman Sachs banker is expected to tighten federal regulations on Wall Street firms.

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Can Senate Handle Trump’s Impeachment And A New Stimulus Package At Once?

UncategorizedBy January 17, 2021

Biden says stimulus is his first priority, but an impeachment trial could slow passage of his aggressive spending plan by Congress, as well as Senate confirmation of political appointees to run the government.

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NSA Will Install Trump Loyalist Michael Ellis As Its General Counsel

UncategorizedBy January 17, 2021

The move comes amid concerns that the White House has politicized career appointments to critical national security roles in the waning days of the Trump administration.

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Fauci Warns Of ‘Ominous’ New Covid-19 Strains, Says Biden Can Achieve Aggressive Goal Of Vaccinating 100 Million In 100 Days

UncategorizedBy January 17, 2021

The country’s top infectious diseases official said Biden’s plan to vaccinate 100 million Americans in 100 days is “absolutely a doable thing.”

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Mortgage and refinance rates today, Jan. 16, and rate forecast for next week

UncategorizedBy January 16, 2021

Today’s mortgage and refinance rates  Average mortgage rates inched lower yesterday. But that followed six days without a fall, five of which showed rises. And averages remain noticeably higher than

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Are rent-to-own homes a good idea? Your guide to lease options and owner financing

UncategorizedBy January 15, 2021

If you want to buy a home but can’t get a mortgage, you might consider a lease option or “rent-to-own home.” But these are risky. Here’s what to know.

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Debt consolidation refinance: How it works, pros and cons

UncategorizedBy January 15, 2021

The debt consolidation mortgage is one way to lower the payments and interest rate on your debts. But it’s not the best solution for everyone.

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Mortgage and refinance rates today, January 15, 2021

UncategorizedBy January 15, 2021

Today’s mortgage and refinance rates  Average mortgage rates edged lower yesterday. But don’t get too excited. Wednesday and Thursday’s combined falls only just cancel out Tuesday’s rise. Still, these reductions

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Biden Will Push Congress To Pass $1.9 Trillion Stimulus: ‘We Have A Moral Obligation’

UncategorizedBy January 15, 2021

Biden says lawmakers “have to act now,” but the plan’s success in the Senate is not guaranteed.

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Mortgage and refinance rates today, January 14, 2021

UncategorizedBy January 14, 2021

Today’s mortgage and refinance rates  Average mortgage rates nudged lower yesterday. It was the first fall for more than a week. And it wasn’t big enough to make much difference.

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Biden Set To Unveil Ambitious New Stimulus Plan To Control Covid-19 And Rescue The Economy

UncategorizedBy January 14, 2021

But the new president’s options may be limited by Democrats’ slim majority in the Senate.

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Mortgage and refinance rates today, January 13, 2021

UncategorizedBy January 14, 2021

Today’s mortgage and refinance rates  Average mortgage rates rose appreciably yesterday. They haven’t fallen since Jan. 4 so they’re some way above the all-time low. But they’re still within the

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How to buy a short sale home

UncategorizedBy January 14, 2021

Buying a short sale home can get you a great deal. But the short sale process can be challenging. Here’s what to expect when buying a short sale.

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How to buy a foreclosed home

UncategorizedBy January 14, 2021

Buying a foreclosed home isn’t as easy as it used to be. But good deals can still be found. Here’s how to buy a foreclosed home with a mortgage.

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Should I pay off my mortgage or invest?

UncategorizedBy January 14, 2021

You have extra cash — should you pay off your mortgage or invest? There are pros and cons to both strategies. Here’s how to decide.

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Unemployment Claims Spike To Nearly One Million As Pandemic Layoffs Continue

UncategorizedBy January 14, 2021

Another 965,000 Americans filed new claims for benefits last week.

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Schumer Has Asked Biden For A Stimulus Package Larger Than $1.3 Trillion

UncategorizedBy January 13, 2021

President-elect Biden is expected to announce details about his plan for more federal pandemic aid on Thursday.

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Mortgage and refinance rates today, January 12, 2021

UncategorizedBy January 13, 2021

Today’s mortgage and refinance rates  Average mortgage rates held steady yesterday. And that was a pleasant surprise because they’d looked likely to rise again first thing — and also because

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I got a Report of Available Funds letter from a lender. Is it a scam?

UncategorizedBy January 13, 2021

Letters titled “Report of available funds” or “You qualify for an MIP reduction” are ads trying to get you to refinance. Here’s what you should know.

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GOP Senator Marco Rubio Calls For $2,000 Stimulus Checks To Heal ‘Divided Nation’

UncategorizedBy January 13, 2021

Democratic leader Chuck Schumer says the bigger checks will happen, even amid Congress’ efforts to impeach President Trump.

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Report: Trump Lawyers Argue That Forgiving Student Loans Via Executive Action Is Illegal

UncategorizedBy January 13, 2021

Top Democrats are pushing Biden to use executive authority to cancel student loan debt when he takes office.

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Schumer On $2,000 Stimulus Checks Amid Trump Impeachment Push: ‘We Will Get That Done’

UncategorizedBy January 12, 2021

Some in Washington are worried that a drawn-out impeachment trial will hamper Democrats’ ambitious economic agenda.

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Mortgage and refinance rates today, January 11, 2021

UncategorizedBy January 12, 2021

Today’s mortgage and refinance rates  Average mortgage rates edged higher again last Friday. So they’re appreciably higher than they were this time last week. But, even so, they remain within

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Debt-to-income ratio, taxes, and insurance: How your DTI is calculated

UncategorizedBy January 12, 2021

DTI, your ‘debt-to-income ratio,’ includes taxes and insurance as part of your mortgage payment. Here’s how to find your DTI with taxes and insurance.

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WHO Warns Of ‘Highly Problematic’ New Covid-19 Variants, Says Hospitals And Essential Health Services At Risk

UncategorizedBy January 11, 2021

The new variants are more contagious but not necessarily more deadly.

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Here’s What We Know About Biden’s Massive Stimulus Plan Coming This Week

UncategorizedBy January 11, 2021

Biden wants $2,000 stimulus checks, state and local aid and more, but he could face roadblocks in the Senate.

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The PPP Is Back Online Today—Here’s What You Need To Know

UncategorizedBy January 11, 2021

The first two days of the revamped Paycheck Protection Program for small businesses will be limited to community financial institutions making loans to first-time borrowers.

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Converting a mobile or manufactured home to real property

UncategorizedBy January 11, 2021

You can finance a manufactured home, but only if it’s considered ‘real property’. Learn about converting a manufactured home to real property here.

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Two Men Carrying Zip Ties At Capitol Riot Arrested After Citizen Sleuths ID’d Them Online

UncategorizedBy January 11, 2021

Eric Gavelek Munchel and retired USAF officer Larry Rendell Brock join the ranks of more than a dozen people who have already been charged by federal authorities.

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Ted Cruz Faces Fierce Backlash: 71% Of Americans Don’t Trust Him To Protect Democracy

UncategorizedBy January 10, 2021

Cruz and Sen. Josh Hawley “will pay a very heavy price,” one GOP senator said.

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Blunt: Impeachment May Be ‘Long-Term Punishment’ For Trump, But There’s ‘No Possibility’ It Will Happen Before He Leaves Office

UncategorizedBy January 10, 2021

Democrats are preparing to vote on impeachment articles as soon as Tuesday.

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Lawmakers Sheltering During Capitol Riot May Have Been Exposed To Coronavirus

UncategorizedBy January 10, 2021

One Congressman has already tested positive after Wednesday’s riot.

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Toomey Becomes Second GOP Senator To Urge Trump To Resign As Democrats Move Toward Impeachment

UncategorizedBy January 10, 2021

Toomey says “there may not be a viable impeachment route at this point.”

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Mortgage and refinance rates today, Jan. 9, and rate forecast for next week

UncategorizedBy January 10, 2021

Today’s mortgage and refinance rates  Average mortgage rates edged upward again yesterday. So they ended the week appreciably higher than they started it. Still, even after that poor period, they’re

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Mortgage and refinance rates today, January 8, 2021

UncategorizedBy January 9, 2021

Today’s mortgage and refinance rates  Average mortgage rates just inched higher yesterday. They’ve strayed some way from their all-time low, which was visited again on Monday. But they remain in

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Mortgage and refinance rates today, January 7, 2021

UncategorizedBy January 8, 2021

Today’s mortgage and refinance rates  Average mortgage rates rose yesterday. The rise was the sharpest for some time, but less extreme than feared. And rates were already so low that

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Escrow: What it is and how it works

UncategorizedBy January 8, 2021

In the mortgage process, ‘escrow’ is when funds are held by a neutral third party until the mortgage closes. Learn how escrow works here.

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5 ways to pay off your mortgage early: Pros and cons

UncategorizedBy January 8, 2021

Here are five ways to pay off your mortgage faster. Plus, what to consider before putting your hard-earned cash toward early mortgage payments.

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Not Even A Riot At The Capitol Can Keep Stocks Down As Dow, S&P 500 And NASDAQ Hit Record Highs—Again

UncategorizedBy January 8, 2021

“It was a horrible day for democracy, but was it a horrible day for capitalism?”

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Keep An Eye On The Mail: Treasury Now Sending 8 Million Stimulus Checks Via Prepaid Debit Card

UncategorizedBy January 7, 2021

$112 billion in direct payments has already reached bank accounts.

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‘Time For You To Resign’: Business Leaders Condemn Trump After Chaos At The Capitol

UncategorizedBy January 7, 2021

Trump’s tax cuts, deregulation, and trade policies have been a boon for American business.

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Unemployment Claims Remain Flat At 787,000 As States Begin Sending Extra $300 Checks

UncategorizedBy January 7, 2021

The U.S. is still down 10 million jobs since February.

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Mortgage and refinance rates today, January 6, 2021

UncategorizedBy January 7, 2021

Today’s mortgage and refinance rates  Average mortgage rates edged up yesterday. But they remain very close to their all-time low. Mortgage rates might rise sharply today. How sharply and for

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How to get a mortgage preapproval in 3 steps

UncategorizedBy January 7, 2021

You need a mortgage pre-approval before you can start house-hunting. Here’s how to get your pre-approval letter in 3 simple steps.

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Democrats Eye Senate Control—Here’s How They Could Roll Back Trump’s ‘Midnight’ Regulations

UncategorizedBy January 6, 2021

Democrats could undo Trump’s last minute rules on showerheads, migrating birds, Arctic drilling, and more.

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With Democrats Poised To Take Senate, Schumer Aims To Pass $2,000 Stimulus Checks First

UncategorizedBy January 6, 2021

McConnell has refused to let the Republican-led Senate vote on the larger payments.

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Two-Thirds Of Stimulus Checks Worth $112 Billion Have Already Reached Bank Accounts

UncategorizedBy January 6, 2021

The money started going out on December 29.

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Mortgage and refinance rates today, January 5, 2021

UncategorizedBy January 6, 2021

Today’s mortgage and refinance rates  Average mortgage rates inched lower yesterday, returning them to their recent all-time low. That had looked unlikely first thing, but markets turned tail later that

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Can I buy a house 1 year after Chapter 7 bankruptcy?

UncategorizedBy January 6, 2021

Buying a house after Chapter 7 bankruptcy is possible, but most buyers have to wait at least 2 years after the bankruptcy is discharged to get a home loan.

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Oil Rebounds Above $50 For The First Time In Months As Saudi Arabia Says It Will Cut Production By 1 Million Barrels A Day

UncategorizedBy January 5, 2021

Traders are optimistic, but the oil market isn’t out of the woods yet.

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Goldman Sachs Predicts Another $600 Billion Stimulus If Democrats Win In Georgia

UncategorizedBy January 5, 2021

Bigger stimulus checks and student loan relief could be included.

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Conventional loan home requirements: Is an inspection required?

UncategorizedBy January 5, 2021

Conventional loans have a few basic property standards, but no in-depth home condition requirements. You likely want a home inspection anyway.

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Mortgage and refinance rates today, January 4, 2021

UncategorizedBy January 5, 2021

Today’s mortgage and refinance rates  Average mortgage rates were unchanged on New Year’s Eve. And they ended 2020 so close to their all-time low that few would notice the difference.

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The 9 best FHA mortgage lenders for 2021

UncategorizedBy January 5, 2021

FHA lenders offer low down payments and competitive rates, even for borrowers with bad credit. Here are the best FHA-approved lenders for your home loan.

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Extra $300 Unemployment Payments To Begin This Week In Some States

UncategorizedBy January 4, 2021

South Carolina paid out more than $10 million Monday under newly extended federal unemployment programs.

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Here’s What The Georgia Runoff Elections Will Mean For Economic Recovery

UncategorizedBy January 4, 2021

More stimulus and more corporate red tape could be on the line.

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Bitcoin Plunges 13% After Massive New Year’s Rally

UncategorizedBy January 4, 2021

The cryptocurrency more than quadrupled in value in 2020.

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Trump Says He’ll Attend #StopTheSteal Protests—The Proud Boys Say They’ll Be There Too

UncategorizedBy January 3, 2021

Congress is expected to certify the Electoral College’s affirmation of Biden’s win on Wednesday.

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Fauci Optimistic That U.S. Vaccination Delays Can Be Remedied

UncategorizedBy January 3, 2021

“We are not where we want to be…but I think we can get there,” the country’s top infectious disease official said.

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Mortgage and refinance rates today, Jan. 2, and rate forecast for next week

UncategorizedBy January 3, 2021

Today’s mortgage and refinance rates  Average mortgage rates ended the day (and the year) on Thursday immediately adjacent to their all-time low. We’ve grown used to rates barely moving in

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What are mortgage discount points and how do they work?

UncategorizedBy January 1, 2021

Mortgage points let you ‘buy down’ your interest rate. Learn how mortgage discount points work and when you should pay for them.

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Mortgage and refinance rates today, December 31, 2020

UncategorizedBy January 1, 2021

Today’s mortgage and refinance rates  Happy New Year! Yesterday, average mortgage rates remained stuck to the all-time low like a honeymooning couple. They’ve remained close throughout the last couple of

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How the mortgage interest deduction helps homeowners

UncategorizedBy December 31, 2020

The mortgage interest deduction is a tax break for those who itemize their deductions on a Schedule A. Here’s how the mortgage interest deduction helps you.

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What is PITI? Mortgage payments explained

UncategorizedBy December 31, 2020

PITI stands for Principal, Interest, Taxes, and Insurance: the 4 parts of your monthly mortgage payment. Find out why your PITI payment matters.

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Mortgage and refinance rates today, December 30, 2020

UncategorizedBy December 31, 2020

Today’s mortgage and refinance rates  Average mortgage rates inched lower yesterday, and are at or immediately adjacent to their all-time low. These rates have moved so little recently that some

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The U.S. Government Has Authorized More Than $10,000 Per Person In Stimulus Spending This Year

UncategorizedBy December 30, 2020

But not all of that money was earmarked for stimulus checks and enhanced unemployment. Here’s how it all shakes out.

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How much money do you need to buy a house?

UncategorizedBy December 30, 2020

Today’s mortgage programs have reduced the amount of money you need to buy a home. Here’s how much you will likely pay in upfront home-buying costs.

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Mortgage and refinance rates today, December 29, 2020

UncategorizedBy December 30, 2020

Today’s mortgage and refinance rates  Average mortgage rates inched higher yesterday. But they remain exceptionally close to their all-time lows. If the news of President Donald Trump signing the pandemic

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Mortgage and refinance rates today, December 28, 2020

UncategorizedBy December 29, 2020

Today’s mortgage and refinance rates  Average mortgage rates inched lower again on Christmas Eve, meaning the daily figures ended the week where they started it. Will we see a similarly

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Can I get a mortgage on a house I already own free-and-clear?

UncategorizedBy December 29, 2020

There are lots of options for getting a mortgage on a house you already own. The right one depends on your goals. Here’s what you should know.

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House Passes $2,000 Stimulus Check Bill, But The Plan Will Face Opposition In The Senate

UncategorizedBy December 29, 2020

Despite Trump’s insistence on larger payments, not all Republicans support them.

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House Votes To Override Trump’s Defense Bill Veto

UncategorizedBy December 29, 2020

The measure now heads to the Senate.

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Finally: Trump Signs $900 Billion Relief Bill Clearing Way For $600 Stimulus Checks And Averting Shutdown

UncategorizedBy December 28, 2020

Millions of Americans lost out on a week of unemployment benefits because the president failed to sign the bill before a Saturday deadline

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Mortgage and refinance rates today, Dec. 26, and rate forecast for next week

UncategorizedBy December 27, 2020

Today’s mortgage and refinance rates  Average mortgage rates inched lower on Christmas Eve. And, that day, Freddie Mac declared yet another all-time low for its weekly rates survey. So there’s

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Why real estate investors should consider a blanket mortgage

UncategorizedBy December 25, 2020

A blanket mortgage lets real estate investors buy multiple properties with one loan. Find out how a blanket loan works, plus pros and cons.

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Mortgage insurance cost versus benefits: Should you pay for PMI?

UncategorizedBy December 25, 2020

PMI (mortgage insurance) is usually required if you put less than 20% down. Learn how much PMI is, why you need it, and how mortgage insurance benefits you.

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Mortgage and refinance rates today, December 24, 2020

UncategorizedBy December 25, 2020

Today’s mortgage and refinance rates  Average mortgage rates inched lower yesterday. And the average is just 2 basis points (two one-hundredths of 1 percent) higher than their all-time low. With

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Home inspection checklist: What to expect on inspection day

UncategorizedBy December 24, 2020

Sellers: learn what home inspectors look for so you can prepare for your home inspection. Buyers: learn how to interpret the home inspection report.

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How to buy a house: Your guide to the home buying process

UncategorizedBy December 24, 2020

If you want to buy a house but don’t know where to start, start here. We explain how to buy a house in 10 approachable steps. You can even do step 1 today.

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Mortgage and refinance rates today, December 23, 2020

UncategorizedBy December 24, 2020

Today’s mortgage and refinance rates  Average mortgage rates edged upward very slightly yesterday. But they remain very close to the latest all-time low. Surprisingly, President Donald Trump late yesterday demanded

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Mortgage and refinance rates today, December 22, 2020

UncategorizedBy December 23, 2020

Today’s mortgage and refinance rates  Average mortgage rates inched higher yesterday, but only by the smallest measurable amount. Many will still be able to lock at their all-time low. Yesterday’s

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How to qualify for a mortgage with bonuses and RSU income

UncategorizedBy December 23, 2020

Bonuses and RSU income can be used for mortgage qualifying. But they’re calculated differently, and not all lenders accept them. Here’s what to know.

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Mortgage and refinance rates today, December 21, 2020

UncategorizedBy December 22, 2020

Today’s mortgage and refinance rates  Average mortgage rates edged lower on Friday. So they’re certainly in all-time-low territory. And it looks as if those rates might hold steady or even

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How to refinance your USDA home loan

UncategorizedBy December 22, 2020

Learn how to refinance your USDA loan into a lower rate and payment. Or refinance a USDA loan to cash-out equity or remove mortgage insurance

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Mortgage and refinance rates today, Dec. 19, and rate forecast for next week

UncategorizedBy December 20, 2020

Today’s mortgage and refinance rates  Average mortgage rates edged lower yesterday, confirming their status as all-time lows. With Christmas day a public holiday, next week will be a short one.

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The average down payment on a house & when to put down more or less money

UncategorizedBy December 19, 2020

What’s the average down payment on a house? In 2019, it was way lower than 20%. In fact, the average down payment is just 6-12%. Learn how that’s possible.

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Mortgage and refinance rates today, December 18, 2020

UncategorizedBy December 19, 2020

Today’s mortgage and refinance rates  Average mortgage rates were again effectively unchanged yesterday: down by only the smallest measurable amount. Also yesterday, Freddie Mac said that its weekly average had

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Another 885,000 File For Unemployment As Cash-Strapped Americans Await More Stimulus Aid

UncategorizedBy December 18, 2020

The winter surge in Covid-19 cases is continuing to damage the labor market.

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Mortgages for seniors: How to buy a home or refinance in retirement

UncategorizedBy December 18, 2020

As a senior, you can likely buy a home or refinance using social security income, retirement funds, and other assets. Here’s how to do it.

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How to get a first-time home buyer grant or loan: 2020 programs & rules

UncategorizedBy December 18, 2020

Learn how to qualify for first-time home buyer grants and loan programs that make home buying affordable.

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Mortgage and refinance rates today, December 17, 2020

UncategorizedBy December 18, 2020

Today’s mortgage and refinance rates  Average mortgage rates barely moved yesterday, inching just the tiniest bit higher. So they remain indistinguishable from their recent all-time low. And mortgage rates might

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Here’s Why Congressional Watchdogs Want To Investigate Mnuchin’s Decision To Cancel Emergency Fed Programs

UncategorizedBy December 17, 2020

The Treasury Secretary asked the central bank to return nearly half a trillion dollars of emergency funds.

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From Stimulus Checks To Aid For Entertainment Venues, Here’s What’s Delaying The Covid-19 Relief Deal

UncategorizedBy December 17, 2020

Congress is racing against the clock to get a deal done before Christmas.

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Mortgage and refinance rates today, December 16, 2020

UncategorizedBy December 17, 2020

Today’s mortgage and refinance rates  Average mortgage rates inched lower yesterday, returning to the recent all-time low. They’ve stayed within a narrow range throughout this month, moving up or down

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Real estate broker vs. agent vs. Realtor — What’s the difference and who should you hire?

UncategorizedBy December 17, 2020

Whats the difference between a real estate broker and an agent? Or a real estate agent vs. Realtor? Here’s how to decide on the right agent for you.

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Federal Reserve Raises Its Growth Predictions As Chair Powell Warns Of ‘Very Challenging’ Months Ahead

UncategorizedBy December 16, 2020

Meanwhile, Congress is racing to finalize the next stimulus bill before the holidays.

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A $900 Billion Covid-19 Aid Compromise Is Coming Together And Some Progressives Aren’t Happy

UncategorizedBy December 16, 2020

Bernie Sanders says Congress has “got to do more.”

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Report: Relief Deal Will Include Stimulus Checks, Exclude State Aid And Liability Protections

UncategorizedBy December 16, 2020

Top lawmakers and officials are close to a $900 billion stimulus compromise, Politico first reported.

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Mortgage and refinance rates today, December 15, 2020

UncategorizedBy December 15, 2020

Today’s mortgage and refinance rates  Average mortgage rates inched higher yesterday — though only by the smallest measurable amount. That’s in spite of other markets turning tail during the day

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The VA plans to help 60K veterans cover missed mortgage payments

UncategorizedBy December 15, 2020

If its proposal is accepted, the VA plans to offer mortgage relief for up to 60,000 VA loan holders who are struggling financially due to COVID.

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Senate Leader McConnell Vows ‘We’re Not Leaving’ Without Covid-19 Relief As Rank And File Stews Over Lack Of Stimulus Checks

UncategorizedBy December 15, 2020

McConnell’s pledge to stay in Washington matches an earlier one by House Speaker Pelosi, as key stimulus players are set to meet this afternoon.

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Pelosi, McConnell, Schumer, And McCarthy Set For Pivotal Stimulus Meeting Ahead Of Friday Shutdown Deadline

UncategorizedBy December 15, 2020

The leaders will need to grapple with state and local aid and Covid-19 lawsuit protections for businesses.

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Warren Buffett On Stimulus Gridlock: ‘Just Renew The PPP And Get Us To The End Of The Tunnel’

UncategorizedBy December 15, 2020

The billionaire investor told CNBC that small businesses have become “collateral damage” in an “economic war.”

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Unable To Bridge Gap On Toughest Issues, Bipartisan Negotiators ‘Implore’ Congress To Vote Now On Parts Of $908 Billion Stimulus Plan

UncategorizedBy December 15, 2020

The centrist group touted their legislative language as a “gift” to leaders racing to pass more coronavirus relief before Christmas and said they’d keep working on unresolved state aid and Covid-19 lawsuit protection issues.

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Mortgage and refinance rates today, December 14, 2020

UncategorizedBy December 14, 2020

Today’s mortgage and refinance rates  Average mortgage rates inched a little lower last Friday. So they’re now equal to the most recent all-time low. This morning, markets seem in a

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Veterans First Mortgage Review for 2020

UncategorizedBy December 14, 2020

Veterans First review showing how Veterans First compares to other lenders for mortgage rates, customer service, and home loan options.

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Bipartisan Lawmakers Finally Ready To Release $908 Billion Stimulus Bill, But The Plan Is Far From A Done Deal

UncategorizedBy December 14, 2020

The group will release the text of its stimulus framework on Monday afternoon.

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Talks On Stimulus Package Deadlock On State And Local Aid Despite Assurances Of Progress

UncategorizedBy December 13, 2020

Lawmakers have vowed they won’t go home until the next aid bill passes.

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Sen. Manchin: Trump’s Push For Stimulus Checks Without Renewing Jobless Benefits Is ‘Bad Idea’

UncategorizedBy December 13, 2020

With only days left for Congress to pass another relief bill before the holidays, the West Virginia Democrat said he expects his coalition to release legislative text Monday.

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Mortgage and refinance rates today, Dec. 12, and rate forecast for next week

UncategorizedBy December 12, 2020

Today’s mortgage and refinance rates  Average mortgage rates inched lower yesterday. And they’re now matching their recent all-time low. There are plenty of reasons (the worsening pandemic, Brexit (more below),

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How to remove a name from a mortgage — with or without refinancing

UncategorizedBy December 11, 2020

It’s not always easy to remove your ex from the mortgage, but it’s possible. Here are several strategies you can try.

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Mortgage and refinance rates today, December 11, 2020

UncategorizedBy December 11, 2020

Today’s mortgage and refinance rates  Average mortgage rates inched down a bit yesterday, returning them to the level of Wednesday’s record low. We may again see lower mortgage rates today.

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U.S. Budget Deficit Jumped 25% In October And November Thanks To Coronavirus Relief Spending

UncategorizedBy December 10, 2020

Lawmakers have been negotiating another relief packing that would push the deficit even higher, but talks may be faltering.

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COVID-19 mortgage relief and rental relief programs [Updated for December 2020]

UncategorizedBy December 10, 2020

Current list of government and private relief programs to help homeowners and renters economically affected by COVID-19.

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How to get a second home mortgage or vacation home loan

UncategorizedBy December 10, 2020

Second home mortgages offer low rates and flexible requirements for qualified buyers. Here’s what to know before getting a vacation home loan.

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Mortgage and refinance rates today, December 10, 2020

UncategorizedBy December 10, 2020

Today’s mortgage and refinance rates  Average mortgage rates inched higher yesterday. But that was a tiny rise off an all-time low. And, this morning, Freddie Mac said its weekly figures

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As Stimulus Negotiations Drag On, Pelosi Says Congress ‘Cannot Leave’ Without Passing A New Aid Bill

UncategorizedBy December 10, 2020

Lawmakers insist they’re making progress, but critical differences remain.

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Unemployment Claims Spike Again As Covid-19 Spreads And Americans Wait For Federal Relief

UncategorizedBy December 10, 2020

Another 853,000 Americans filed new state unemployment claims last week, far more than what economists were expecting.

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House Passes Stopgap Spending Bill To Avert Shutdown, Buy Time For Stimulus And Omnibus Budget

UncategorizedBy December 9, 2020

Lawmakers are seeking another week to agree on more aid for Americans before the holidays.

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FHA loan limits increase for single-family and multifamily loans

UncategorizedBy December 9, 2020

Current FHA loan limits for every U.S. county. Check your local FHA loan limit for 1-unit, 2-unit, 3-unit, and 4-unit homes. Limits start at $350K.

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2021 Conforming loan limits range from $548K to over $1 million

UncategorizedBy December 9, 2020

Conforming loan limits for 2021 rose more than 7% across the United States. Freddie Mac and Fannie Mae loans now go up to $548K in most counties.

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Mortgage and refinance rates today, December 9, 2020

UncategorizedBy December 9, 2020

Today’s mortgage and refinance rates  Average mortgage rates edged lower again yesterday, bringing another fresh all-time low. And conventional loans started out this morning at 3.063% (3.063% APR) for a

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More Details Of $908 Billion Stimulus Plan Just Released: $300 Unemployment, Student Loan Forbearance, But Still No Second Stimulus Checks

UncategorizedBy December 9, 2020

Amid continued partisan sniping and a last minute plan from the White House, there’s no guarantee that the bipartisan effort (or any stimulus) will be passed this month.

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Mnuchin Floats New $916 Billion White House Stimulus Plan Including State And Local Aid And Liability Protections

UncategorizedBy December 9, 2020

It’s not clear whether the proposal includes another round of stimulus checks, which President Trump reportedly supports.

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Mortgage and refinance rates today, December 8, 2020

UncategorizedBy December 8, 2020

Today’s mortgage and refinance rates  Average mortgage rates inched lower yesterday. And conventional loans started out this morning at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage.  This morning’s outlook

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Is an FHA Streamline Refinance a good idea in today’s market?

UncategorizedBy December 8, 2020

The FHA Streamline Refinance can be a great way to lower your interest rate and monthly payment. But only if you refinance with care. Here’s what to do.

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Schumer Rejects McConnell’s Offer To Drop State And Local Aid, Liability Shield From Stimulus Package

UncategorizedBy December 8, 2020

As time runs short for lawmakers to make a deal on virus relief, Schumer says McConnell is “sabotaging good faith, bipartisan negotiations.”

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Stimulus Check Showdown: Sanders Demands $1,200 Payments While White House Pushes For $600 Check Compromise

UncategorizedBy December 8, 2020

Another round of $1,200 checks would cost about $300 billion, Sen. Dick Durbin (D-Ill.) said Sunday.

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Here’s What’s Holding Up The Stimulus Deal

UncategorizedBy December 8, 2020

More $1,200 checks, state and local aid and Covid-19 liability protections for businesses.

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Mortgage and refinance rates today, December 7, 2020

UncategorizedBy December 7, 2020

Today’s mortgage and refinance rates  Average mortgage rates inched higher last Friday. And conventional loans started out this morning at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage.  Early trading

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Is it worth refinancing to save $100 a month?

UncategorizedBy December 7, 2020

It might be worth refinancing to save $100 per month if you can break even on your closing costs. Here’s how to decide if refinancing is worth it for you.

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House To Vote On One-Week Stopgap Spending Bill To Buy Time For Stimulus Deal

UncategorizedBy December 7, 2020

The short-term measure would avert a government shutdown this weekend.

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Here’s The Advice JPMorgan Is Giving President-Elect Biden

UncategorizedBy December 7, 2020

Biden will inherit an economic catastrophe in the making.

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Despite Signs Of Progress, Congressional Staffers Skeptical More Stimulus Is Coming This Year, New Poll Finds

UncategorizedBy December 7, 2020

It’s a critical week for a scrambling Congress to reach deals on coronavirus relief and the federal budget.

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Trump And McConnell Will ‘Come On Board’ With $908 Billion Stimulus Plan, Sen. Cassidy Says

UncategorizedBy December 6, 2020

The bipartisan framework already has the support of top Democrats who say it’s a good place to start.

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Sen. Manchin: ‘We Don’t Have A Choice’ But To Pass $908 Billion Coronavirus Stimulus

UncategorizedBy December 6, 2020

The clock is ticking for lawmakers to pass new relief legislation (not to mention a federal budget) before the end of the year.

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Mortgage and refinance rates today, Dec. 5, and rate forecast for next week

UncategorizedBy December 5, 2020

Today’s mortgage and refinance rates  Average mortgage rates rose yesterday. But only by the smallest measurable amount. And conventional loans today start at 3.063% (3.063% APR) for a 30-year, fixed-rate

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How to roll closing costs into your mortgage

UncategorizedBy December 4, 2020

Closing costs can often be included in your loan when you refinance. Learn how to roll closing costs into your loan and other strategies to avoid them.

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Mortgage and refinance rates today, December 4, 2020

UncategorizedBy December 4, 2020

Today’s mortgage and refinance rates  Average mortgage rates inched lower yesterday, likely bringing yet another all-time low. And conventional loans started out this morning at 3.063% (3.063% APR) for a

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How to shop for a mortgage and find the best mortgage rate fast

UncategorizedBy December 3, 2020

You want the lowest mortgage rate, but you feel rushed to lock in a loan. Here’s how to shop for the best mortgage or refinance rates if you’re in a hurry.

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Mortgage and refinance rates today, December 3, 2020

UncategorizedBy December 3, 2020

Today’s mortgage and refinance rates  Average mortgage rates inched higher yesterday, canceling out Tuesday’s equally small fall. And conventional loans started out this morning at 3.063% (3.063% APR) for a

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McConnell Says Stimulus Compromise Is ‘Within Reach’ As Schumer Criticizes Partisan Posturing

UncategorizedBy December 3, 2020

A $908 billion bipartisan proposal now has the support of Democratic leadership and a number of Republicans, but McConnell is not on board.

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Hopes Dim For Omnibus Spending Bill Before Looming Government Shutdown Deadline

UncategorizedBy December 3, 2020

Meanwhile, coronavirus stimulus talks are heating up again.

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Unemployment Claims Fall After Two-Week Surge

UncategorizedBy December 3, 2020

Another 712,000 Americans filed for state jobless benefits last week.

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In Major Shift, Democratic Leaders Support $908 Billion Bipartisan Stimulus Plan

UncategorizedBy December 2, 2020

“The need to act is immediate,” Pelosi and Schumer said in a statement.

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Democrats More Optimistic Than Republicans About Economy For The First Time In Years, Poll Finds

UncategorizedBy December 2, 2020

President-elect Biden has pledged to prioritize more stimulus legislation.

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Mnuchin: Trump Will Sign McConnell’s New Stimulus Proposal Without Checks Or State And Local Aid

UncategorizedBy December 2, 2020

The new GOP proposal does include one more month of supplemental unemployment benefits and an extension of the Paycheck Protection Program.

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Mortgage and refinance rates today, December 2, 2020

UncategorizedBy December 2, 2020

Today’s mortgage and refinance rates  Average mortgage rates inched lower again yesterday. And conventional loans started out this morning at 2.625% (2.625% APR) for a 30-year, fixed-rate mortgage.  Yesterday’s fall

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Should you waive a home inspection? Real estate experts say no

UncategorizedBy December 2, 2020

Waiving a home inspection could make your offer more competitive. But experts say waiving a home inspection isn’t a good idea. Here’s why.

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Stimulus Isn’t Dead Yet: Pelosi And Mnuchin Are Talking Again, McConnell Unveils Another Skinny Bill, And Moderates Are Pushing A New $900 Billion Plan

UncategorizedBy December 1, 2020

Here’s everything you need to know about the fate of the next coronavirus relief bill as lawmakers flirt with more rescue legislation.

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Powell And Mnuchin Differ On Economic Outlook Amid Rare Public Disagreement Over Fed Emergency Lending Programs

UncategorizedBy December 1, 2020

Last month, Treasury Secretary Mnuchin announced he wouldn’t extend a number of pandemic relief programs at the central bank.

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New $908 Billion Bipartisan Stimulus Proposal Released Today—Here’s What’s In It

UncategorizedBy December 1, 2020

Some centrist lawmakers want $300 weekly unemployment checks, state and local aid, and liability protection for businesses, but the odds of a deal before the new year are still incredibly long.

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Mortgage and refinance rates today, December 1, 2020

UncategorizedBy December 1, 2020

Today’s mortgage and refinance rates  Average mortgage rates inched lower again yesterday. And conventional loans started out this morning at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage.  I’m expecting

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Who pays closing costs? And how can buyers avoid them?

UncategorizedBy December 1, 2020

Who pays closing costs? Usually the buyer and seller both do. But as a home buyer there are ways to avoid closing costs or at least reduce them .

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Congress Faces Tight Deadlines On Government Shutdown, Border Wall Funding, Stimulus, Trump Judges Before Year’s End

UncategorizedBy November 30, 2020

The clock is ticking to pass a federal budget before December 11 and a new coronavirus relief bill before key CARES Act programs expire at the end of the year.

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Biden Officially Announces Yellen Nomination, Picks For Diverse Economic Team

UncategorizedBy November 30, 2020

The President-elect takes another step towards his promise of an administration that looks like America.

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Mortgage and refinance rates today, November 30, 2020

UncategorizedBy November 30, 2020

Today’s mortgage and refinance rates  Average mortgage rates inched lower again last Friday. And conventional loans started out this morning at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage.  I’m

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AmeriSave Review for 2020

UncategorizedBy November 30, 2020

AmeriSave review showing how AmeriSave compares to other top mortgage lenders for mortgage rates, customer service, and loan options.

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Mortgage and refinance rates today, Nov. 28, and rate forecast for next week

UncategorizedBy November 28, 2020

Today’s mortgage and refinance rates  Average mortgage rates inched just a hint lower yesterday. And conventional loans today start at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. Last week

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Mortgage and refinance rates today, November 27, 2020

UncategorizedBy November 27, 2020

Today’s mortgage and refinance rates  Average mortgage rates inched lower on Wednesday, as we predicted. And conventional loans started out this morning at 3.063% (3.063% APR) for a 30-year, fixed-rate

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Is it better to refinance with your current lender?

UncategorizedBy November 27, 2020

It’s not always better to refinance with your current mortgage lender. In fact, there’s a good chance another lender can offer you a lower rate. Here’s why.

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Slack Shares Spike 25% On Report Of Salesforce Acquisition Talks

UncategorizedBy November 25, 2020

Dow Jones reports that the deal would likely be Salesforce’s biggest buy ever, if it happens.

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A Government Shutdown Is Just Days Away, Here’s What That Means For Stimulus Funding

UncategorizedBy November 25, 2020

Lawmakers are making progress on the federal budget, but it’s not clear whether any additional coronavirus relief will be included in the package.

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Mortgage and refinance rates today, November 25, 2020

UncategorizedBy November 25, 2020

Today’s mortgage and refinance rates  Average mortgage rates edged lower yesterday, canceling out Monday’s similar rise. And conventional loans started out this morning at 3.063% (3.063% APR) for a 30-year,

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Unemployment Claims Are Rising Again Amid Covid-19 Surge

UncategorizedBy November 25, 2020

Another 778,000 Americans filed new claims last week.

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Can I change my mortgage loan servicer?

UncategorizedBy November 25, 2020

The only way to change mortgage loan servicers is by refinancing. But you should not refinance solely to get a new servicer. Here’s what to know.

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JPMorgan To Pay $250 Million Fine Over ‘Pattern Of Misconduct’ In Wealth Management Business, Its Second Huge Settlement In Two Months

UncategorizedBy November 24, 2020

A U.S. regulator said the bank has already corrected the issues it found.

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Mortgage and refinance rates today, November 24, 2020

UncategorizedBy November 24, 2020

Today’s mortgage and refinance rates  Average mortgage rates edged a little higher yesterday, as we predicted. And conventional loans started out this morning at 3.063% (3.063% APR) for a 30-year,

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With Biden Finally Set To Begin Transition, Two-Thirds Of Voters Want A New Stimulus Bill In His First 100 Days

UncategorizedBy November 24, 2020

The longer lawmakers delay, the smaller the next aid bill will be, according to analysis from Goldman Sachs.

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How much income do you need to afford a $1M house?

UncategorizedBy November 24, 2020

Find out how much income is needed to afford a $1 million house. The answer will vary based on your credit, down payment, and debts.

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Report: Biden Picks Janet Yellen For Treasury Secretary

UncategorizedBy November 23, 2020

Yellen would be the first woman to lead the department.

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Top Economists From Harvard, Princeton, And Berkeley And More Urge Congress To Send More Stimulus Checks To Keep Americans Out Of Poverty

UncategorizedBy November 23, 2020

It’s not clear whether we’ll see another coronavirus relief bill this year.

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Top CEOs To Trump: ‘Democracy Grows Weaker’ Each Day You Delay Presidential Transition

UncategorizedBy November 23, 2020

Delaying the presidential transition puts America’s health, economy, and global reputation at risk, top business leaders say.

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Mortgage and refinance rates today, November 23, 2020

UncategorizedBy November 23, 2020

Today’s mortgage and refinance rates  Average mortgage rates edged lower last Friday, as we predicted. And conventional loans started out this morning at 3% (3% APR) for a 30-year, fixed-rate

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What is a mortgage refinance, and how does refinancing work?

UncategorizedBy November 23, 2020

What is a mortgage refinance? How does refinancing work? Learn what it means to refinance your home and the three best reasons to refinance.

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The best bad credit mortgage lenders for 2020

UncategorizedBy November 23, 2020

It’s possible to get a mortgage with a credit score of 580, or even as low as 500. See our list of the best bad credit mortgage lenders to find your match.

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At G-20 Summit, Trump Says Paris Climate Accord Was ‘Designed To Kill U.S. Economy’

UncategorizedBy November 22, 2020

Biden has pledged to rejoin the landmark global pact on his first day in office.

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Goldman Sachs Expects A $700 Billion Stimulus Package Because Of Delays In Congress

UncategorizedBy November 22, 2020

Congress broke for the Thanksgiving holiday last week without making any significant progress on the next relief bill.

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Mortgage and refinance rates today, Nov. 21, and rate forecast for next week

UncategorizedBy November 21, 2020

Today’s mortgage and refinance rates  Average mortgage rates fell yesterday, as we predicted. And conventional loans today start at 3.0% (3.0% APR) for a 30-year, fixed-rate mortgage. Mortgage rates have

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SunTrust Mortgage Review for 2020

UncategorizedBy November 20, 2020

SunTrust mortgage review showing how the bank compares to other top lenders for mortgage rates, customer service, and loan options.

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PNC Mortgage Review for 2020

UncategorizedBy November 20, 2020

PNC mortgage review showing how the company compares to other top lenders for mortgage rates, customer service, and loan options.

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Mortgage and refinance rates today, November 20, 2020

UncategorizedBy November 20, 2020

Today’s mortgage and refinance rates  Average mortgage rates inched higher yesterday. But only by the smallest measurable amount. And conventional loans started out this morning at 3.063% (3.063% APR) for

Read more

2020 FHA loan guide: Requirements, rates, and benefits

UncategorizedBy November 20, 2020

FHA loans are easier to qualify for than many other mortgages. FHA rates are low, but come with mortgage insurance. See current FHA rates and requirements.

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Mnuchin Asks Fed To Return Unused CARES Act Funds, Nixes Emergency Programs

UncategorizedBy November 20, 2020

The Fed pushed back on the decision to cancel a handful of facilities, which will now expire on December 31.

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Mortgage and refinance rates today, November 19, 2020

UncategorizedBy November 19, 2020

Today’s mortgage and refinance rates  Average mortgage rates nudged lower again yesterday. And conventional loans started out this morning at 3.0% (3.0% APR) for a 30-year, fixed-rate mortgage.  They’re getting

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Another 742,000 People Filed New Unemployment Claims Last Week Amid Coronavirus Surge

UncategorizedBy November 19, 2020

Claims ticked up for the first time since October after falling slowly for weeks.

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Investment and rental property mortgage rates: How much more will you pay?

UncategorizedBy November 19, 2020

Investment property mortgage rates are above current market rates. Learn what impacts your rate and how to find the best rental property financing.

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Is now the right time to refinance? 3 strategies to know when to refinance your home

UncategorizedBy November 19, 2020

Wondering when to refinance your home? Here are 3 trusted ways to evaluate refinance rates and savings to find out if a refinance is worth it for you.

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Pelosi And McConnell Want An Omnibus Spending Bill To Avert Government Shutdown, White House Chief Of Staff Says He ‘Can’t Guarantee’ It Will Happen

UncategorizedBy November 19, 2020

The December 11 deadline is just 23 days away.

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12 Million Americans Set To Lose Unemployment Benefits On December 26 Unless Congress Acts, Study Says

UncategorizedBy November 18, 2020

And another 4.4 million will have exhausted their benefits before two key programs expire at the end of the year.

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Mortgage and refinance rates today, November 18, 2020

UncategorizedBy November 18, 2020

Today’s mortgage and refinance rates  Average mortgage rates edged lower again yesterday. And conventional loans started out this morning at 3.0% (3.0% APR) for a 30-year, fixed-rate mortgage.  These rates

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Jamie Dimon Slams Politicians For ‘Childish Behavior,’ Urges Washington To Pass Stimulus And ‘Move On’

UncategorizedBy November 18, 2020

The Wall Street billionaire also voiced his support for expanding the earned income tax credit.

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2020 Mortgage lender rankings: What borrowers can learn

UncategorizedBy November 18, 2020

Find out who took gold in JD Power’s 2020 mortgage lender satisfaction study, and learn how to choose a mortgage lender that’s right for you.

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Pelosi And Schumer Urge McConnell To Resume Stimulus Negotiations As Covid-19 Cases Skyrocket

UncategorizedBy November 17, 2020

Democrats want a larger bill while Republicans want smaller, targeted legislation.

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Fed Chair Powell Says Coronavirus Surge Will Hurt Economy, Stimulus Needed Now More Than Ever

UncategorizedBy November 17, 2020

Powell said that despite promising vaccine news, ‘significant challenges and uncertainties’ remain in the near term.

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Retailers Grapple With New Coronavirus Surge As Sales Slow Ahead Of Holiday Season

UncategorizedBy November 17, 2020

Chains like Walmart, Kroger and Costco are ramping up restrictions.

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Mortgage and refinance rates today, November 17, 2020

UncategorizedBy November 17, 2020

Today’s mortgage and refinance rates  Average mortgage rates edged lower yesterday. And conventional loans started out this morning at 3.0% (3.0% APR) for a 30-year, fixed-rate mortgage.  Yesterday’s fall in

Read more

Mr. Cooper (Nationstar) Mortgage Review for 2020

UncategorizedBy November 17, 2020

Review of Mr. Cooper (formerly Nationstar Mortgage) showing how it compares to other major lenders for mortgage rates, customer service, and loan options.

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Promising Vaccine News Makes Case For More Stimulus ‘Even More Compelling,’ Former Fed Official Says

UncategorizedBy November 16, 2020

The economy needs more than just a vaccine for a healthy recovery.

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Mortgage and refinance rates today, November 16, 2020

UncategorizedBy November 16, 2020

Today’s mortgage and refinance rates  Average mortgage rates fell again last Friday. And conventional loans started out this morning at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage.  There was

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SEC Chair Jay Clayton Will Step Down By The End Of 2020

UncategorizedBy November 16, 2020

Clayton was nominated by President Trump to lead the securities regulator in 2017.

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What is a VA renovation loan? And where can I get one?

UncategorizedBy November 16, 2020

A VA renovation loan lets you buy a fixer-upper with an ultra low interest rate. But these loans are hard to find. Should you look for an alternative?

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Here Are All The Coronavirus Relief Programs Expiring At The End Of The Year

UncategorizedBy November 15, 2020

Congress hasn’t passed comprehensive stimulus legislation since March.

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Fauci Says New Stay-At-Home Orders Likely As Biden Advisor Warns Of Looming Disaster For U.S. Hospitals

UncategorizedBy November 15, 2020

The U.S. continues to shatter records for new coronavirus cases and hospitalizations.

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Mortgage and refinance rates today, Nov. 14, and rate forecast for next week

UncategorizedBy November 14, 2020

Today’s mortgage and refinance rates  Average mortgage rates fell yesterday, as we predicted. And conventional loans today start at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. Mortgage rates have

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Mortgage and refinance rates today, November 13, 2020

UncategorizedBy November 13, 20201 Comment

Today’s mortgage and refinance rates  Average mortgage rates fell moderately yesterday. And conventional loans started out this morning at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage.  Yesterday’s fall was

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Conventional vs. VA vs. FHA refinance: Which refi program is best for you?

UncategorizedBy November 13, 20208 Comments

See the pros and cons of conventional vs. VA vs. FHA refinancing. Compare refinance rates and learn about cash-out options.

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Here’s What Tax Experts Are Looking For In The Biden Presidency And Lame Duck

UncategorizedBy November 13, 2020Leave a comment

Stimulus prospects, PPP changes, tax credits, and more.

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White House Will Step Back From Stimulus Talks As Pelosi Slams Republicans For Refusing To Address Covid-19 Resurgence

UncategorizedBy November 12, 2020Leave a comment

“They’re engaged in an absurd circus right now,” the House Speaker said.

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Twitter Joins Netflix And PayPal With Commitment To Invest In Racial Equality

UncategorizedBy November 12, 2020Leave a comment

The social media giant plans to invest $100 million in community development financial institutions, DealBook first reported Thursday.

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Mortgage and refinance rates today, November 12, 2020

UncategorizedBy November 12, 2020Leave a comment

Today’s mortgage and refinance rates  Average mortgage rates remained unchanged yesterday. And conventional loans started out this morning at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage.  Yesterday’s unchanged mortgage

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Another 709,000 People Filed For Unemployment Last Week Amid Coronavirus Surge

UncategorizedBy November 12, 2020Leave a comment

The labor market is improving, but progress is slow.

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What Biden means for mortgage rates, housing policy, and real estate

UncategorizedBy November 11, 2020Leave a comment

Learn what Biden’s presidency means for mortgage rates, housing policy, real estate, and renters in the coming years.

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Mortgage and refinance rates today, November 11, 2020

UncategorizedBy November 11, 2020Leave a comment

Today’s mortgage and refinance rates  Average mortgage rates nudged higher yesterday. And conventional loans started out this morning at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage.  Yesterday’s rise was

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5/1 ARM or 15 year fixed? What’s better in 2020?

UncategorizedBy November 11, 2020Leave a comment

Compare 5/1 ARM rates and 15-year fixed rates. Find out which loan program, 5/1 ARM or 15-Yr FRM, is best in today’s ecomony.

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Senate Republicans Release $1.4 Trillion Spending Plan—Without Covid-19 Relief—Ahead Of December 11 Government Shutdown Deadline

UncategorizedBy November 10, 2020Leave a comment

Meanwhile, the White House instructs federal agencies to keep preparing the Trump administration’s budget.

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Mortgage and refinance rates today, November 10, 2020

UncategorizedBy November 10, 20201 Comment

Today’s mortgage and refinance rates  Average mortgage rates jumped appreciably yesterday. And conventional loans started out this morning at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage.  Although yesterday’s rise

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Ulta Beauty Will Open Hundreds Of Shops Inside Target Stores Starting In 2021

UncategorizedBy November 10, 20201 Comment

Target has seen its sales surge during the pandemic.

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If I make $70K a year, how much house can I afford?

UncategorizedBy November 10, 20201 Comment

How much house you can afford on $70K a year also depends on your credit, down payment, debt, and mortgage rate. Discover your purchasing power today.

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How to get a manufactured or mobile home loan

UncategorizedBy November 9, 20201 Comment

Manufactured home loans are a bit tougher to find in today’s market. But they do exist, and financing terms might be simpler than you imagine.

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Pfizer’s ‘90% Effective’ Vaccine News Doesn’t Mean Stimulus Is Dead

UncategorizedBy November 9, 2020Leave a comment

Investors cheered the long-awaited good news, but we’re not out of the woods yet.

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Goldman Sachs Predicts A V-Shaped Recovery And A $1 Trillion Stimulus Package Before Biden Inauguration

UncategorizedBy November 9, 2020Leave a comment

Stocks surged on Monday after Pfizer announced promising results for its coronavirus vaccine candidate.

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European Union Will Impose $4 Billion In Tariffs On American Goods Over Long-Running Boeing Trade Dispute

UncategorizedBy November 9, 20202 Comments

Frozen fish, vegetables, tobacco, leather goods, wine, and a spate of other American goods could be subject to the new taxes.

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Mortgage and refinance rates today, November 9, 2020

UncategorizedBy November 9, 2020Leave a comment

Today’s mortgage and refinance rates  Average mortgage rates inched higher last Friday. And conventional loans started out this morning at 2.625% (2.625% APR) for a 30-year, fixed-rate mortgage.  The blockbuster

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I’m unemployed. Can I still buy a house or refinance my mortgage?

UncategorizedBy November 9, 20201 Comment

Most people cannot use unemployment income to qualify for a home loan or refinance. But you might be able to qualify very soon after going back to work.

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Biden Will Be More Predictable Than Trump On Trade, But Don’t Expect Tariff Rollbacks Any Time Soon

UncategorizedBy November 9, 202011 Comments

With coronavirus surging to record levels in the United States, Biden is expected to focus on relief legislation and infrastructure before rolling back Trump’s trade war tariffs.

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Don’t Bank On A Big Economic Stimulus From Congress’ Lame Duck Session

UncategorizedBy November 8, 20203 Comments

The next Covid-19 relief bill is likely to be smaller and it may not pass until next year.

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‘Nothing Magical Biden Can Do, That’s The Point’: Business Leaders Applaud Prospect Of Return To Normalcy In White House

UncategorizedBy November 8, 2020Leave a comment

CEOs are hoping for more quiet and stability under Biden.

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Mortgage and refinance rates today, Nov. 7, and rate forecast for next week

UncategorizedBy November 7, 2020Leave a comment

Today’s mortgage and refinance rates  Welcome to the new weekend edition of our rates report and forecast. Average mortgage rates inched higher yesterday. And conventional loans today start at 2.625%

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New American Funding (NAF) Mortgage Review for 2020

UncategorizedBy November 7, 2020Leave a comment

Review of New American Funding showing how the company compares to other top lenders. Includes mortgage rates, service, complaints, operations, and products offered. New American Funding Mortgage Lender Review.

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Get rid of PMI and lower your mortgage payment

UncategorizedBy November 6, 2020Leave a comment

Mortgage insurance (either PMI or MIP) adds yet another cost to homeownership. Learn how to get rid of mortgage insurance faster with a refinance.

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Will There Be Another Stimulus Deal This Year?

UncategorizedBy November 6, 20201 Comment

Pelosi calls lawmakers back to the table and McConnell says he’s willing, but that’s no guarantee.

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Mortgage and refinance rates today, November 6, 2020

UncategorizedBy November 6, 20201 Comment

Today’s mortgage and refinance rates  For a second consecutive day, average mortgage rates fell appreciably yesterday. And conventional loans today start at 2.625% (2.625% APR) for a 30-year, fixed-rate mortgage. 

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Unemployment Fell To 6.9% In October, But Experts Say More Stimulus Needed For Recovery

UncategorizedBy November 6, 2020Leave a comment

With Covid-19 cases on the rise and cooler weather ahead, many restaurants and leisure businesses are facing an uncertain future.

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First time home buyer down payments: How much do you need to put down?

UncategorizedBy November 6, 20201 Comment

Learn about first time home buyer loans with as little as 3% or even 0% down. Plus, down payment assistance programs that minimize your out of pocket costs.

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VA cash-out refinance: Guidelines and rates for 2020

UncategorizedBy November 6, 20204 Comments

The VA cash-out refinance lets you refinance up to 100% of your home’s value, cash-out equity, and lock in a lower interest rate on your new loan.

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Powell Still Thinks U.S. Needs More Stimulus For Full Recovery

UncategorizedBy November 5, 2020Leave a comment

The Federal Reserve left rates at zero amid the ongoing economic damage caused by the coronavirus.

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About the Federal Reserve, the FOMC, & the Fed Funds Rate

UncategorizedBy November 5, 2020Leave a comment

The Federal Reserve is the central banker of the USA. How “the Fed” works, what it actually does, and how it affects everyday U.S. mortgage rates.

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Mortgage and refinance rates today, November 5, 2020

UncategorizedBy November 5, 20203 Comments

Today’s mortgage and refinance rates  Average mortgage rates fell appreciably yesterday. And conventional loans today start at 3.125% (3.125% APR) for a 30-year, fixed-rate mortgage.  Yesterday’s fall means that mortgage

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Unemployment Claims Remain Above Pre-Pandemic Highs With No More Federal Aid In Sight

UncategorizedBy November 5, 20201 Comment

Weekly jobless claims fell only sightly last week as the labor market’s recovery stalls.

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USDA home loans: USDA loan requirements & rates for 2020

UncategorizedBy November 5, 2020Leave a comment

USDA loans allow zero down payment and have lenient requirements. Plus, USDA loan rates are below average. See if you qualify for a USDA mortgage.

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McConnell Changes His Tune On Stimulus: ‘We Need To Do It Before The End Of The Year’

UncategorizedBy November 4, 2020Leave a comment

The Senate Majority Leader also said there’s a “possibility” the bill would include more aid to state and local governments.

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Mortgage and refinance rates today, November 4, 2020

UncategorizedBy November 4, 2020Leave a comment

Today’s mortgage and refinance rates  Average mortgage rates nudged higher yesterday. And conventional loans today start at 2.625% (2.625% APR) for a 30-year, fixed-rate mortgage.  If you compare mortgage rates

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What is an asset depletion mortgage? How asset depletion loans work

UncategorizedBy November 4, 2020Leave a comment

An asset depletion mortgage lets you qualify based on your liquid assets rather than regular income. Learn how asset depletion loans work here.

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Markets Lose All Hope For Big Stimulus With Election Outcome Still Unclear

UncategorizedBy November 4, 20201 Comment

“We’re not going to have major economic initiatives, absent a crisis.”

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You Should Be Watching Cannabis, Gun, And Prison Stocks This Election Week

UncategorizedBy November 4, 2020Leave a comment

Cannabis shares will rally on a Biden win and prison stocks will likely plummet.

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Goldman Sachs Says Election Winner Could Be Obvious Tonight—Here’s How

UncategorizedBy November 3, 2020Leave a comment

It all depends on four Sun Belt states.

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Mortgage and refinance rates today, November 3, 2020

UncategorizedBy November 3, 2020Leave a comment

Today’s mortgage and refinance rates  Average mortgage rates inched lower yesterday. In recent months, that’s been the most common sentence beginning these updates. And conventional loans today start at 3.188%

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On Election Day, Here Are Ten Grim Numbers That Sum Up The U.S. Economy Right Now

UncategorizedBy November 3, 2020Leave a comment

Coronavirus cases are surging and there’s no more stimulus in sight.

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Ant Group IPO Suspended By Shanghai Stock Exchange After Warning From Chinese Regulators

UncategorizedBy November 3, 20201 Comment

The fintech arm of Chinese e-commerce giant Alibaba was planning to raise $34.5 billion in what would be the biggest public listing ever.

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Should you offer above asking price on a house? How much is reasonable?

UncategorizedBy November 3, 2020Leave a comment

In today’s market, it’s common for buyers to offer above the asking price on a home. But how much over asking price is too much? Find out here.

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Forecast: Will the 2020 election change mortgage rates?

UncategorizedBy November 3, 2020Leave a comment

Mortgage rates shot up after the 2016 election. But will they do the same in 2020? See our mortgage rate forecast and historical perspective here.

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State And Local Governments Are In Crisis. Will The Election Change Anything?

UncategorizedBy November 2, 2020Leave a comment

Biden has said he’ll send more aid to states and localities, but Trump and Senate Republicans are wary of doing the same.

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Mortgage and refinance rates today, November 2, 2020

UncategorizedBy November 2, 2020Leave a comment

Today’s mortgage and refinance rates  Average mortgage rates inched higher last Friday. They ended the week lower than they started it. But only just. And conventional loans today start at

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Jumbo mortgage rates: Jumbo loan rates and requirements for 2020

UncategorizedBy November 2, 2020Leave a comment

Jumbo mortgage rates are low, good news for those who need larger loans. Here’s why jumbo rates are low and how to get one.

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Here’s Why Oil Prices Are Plummeting Again

UncategorizedBy November 2, 20201 Comment

Demand is cratering amid fears of new coronavirus lockdown measures.

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Mortgage and refinance rates today, October 30, 2020

UncategorizedBy October 30, 20201 Comment

Today’s mortgage and refinance rates  Average mortgage rates inched higher yesterday. But only by the smallest measurable amount. And conventional loans today start at 3.125% (3.125% APR) for a 30-year,

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Mortgage relief refinance programs for 2020

UncategorizedBy October 30, 2020Leave a comment

Popular government mortgage relief programs like HARP and FMERR have ended. But there’s one mortgage relief refinance left. Find out if you qualify.

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Pelosi Slams White House Over Stimulus Delay While Kudlow Says There’s ‘Virtually No Hope’

UncategorizedBy October 29, 2020Leave a comment

The House Speaker said she still hasn’t heard from the Trump administration regarding a national Covid-19 testing and tracing plan.

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Mortgage and refinance rates today, October 29, 2020

UncategorizedBy October 29, 2020Leave a comment

Today’s mortgage and refinance rates  Average mortgage rates edged lower yesterday. And conventional loans today start at 3.125% (3.125% APR) for a 30-year, fixed-rate mortgage.  Each of the successive falls

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That Blockbuster GDP Number Doesn’t Mean We’re Out Of The Woods

UncategorizedBy October 29, 2020Leave a comment

Here’s why the staggering 33.1% growth in the third quarter is misleading.

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Jobless Claims Fall Slightly Amid Coronavirus Surge

UncategorizedBy October 29, 2020Leave a comment

Preliminary GDP data showed the economy grew 7.4% in the third quarter, but there’s still a long road to recovery ahead.

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Pelosi Says Stock Market Plunge Will Bring Trump Back To The Stimulus Negotiating Table

UncategorizedBy October 28, 2020Leave a comment

With coronavirus cases surging, the Dow has fallen more than 1,500 points since Friday’s close.

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Mortgage and refinance rates today, October 28, 2020

UncategorizedBy October 28, 2020Leave a comment

Today’s mortgage and refinance rates  Average mortgage rates inched lower yesterday. And conventional loans today start at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage.  Mortgage rates would be lower

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45% Of Voters Say Trump And GOP Are To Blame For Stimulus Breakdown

UncategorizedBy October 28, 2020Leave a comment

It’s now extremely unlikely that another aid bill will pass before the election.

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Figure Review for 2020

UncategorizedBy October 28, 2020Leave a comment

Figure review showing how the company compares to other major lenders for mortgage rates, customer service, and loan options.

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Stimulus All But Dead Before The Election—Here’s What That Means For Struggling Americans

UncategorizedBy October 27, 2020Leave a comment

Senate Republicans Monday confirmed Judge Amy Coney Barrett to the Supreme Court and then left town.

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Mortgage and refinance rates today, October 27, 2020

UncategorizedBy October 27, 20201 Comment

Today’s mortgage and refinance rates  Average mortgage rates nudged modestly lower yesterday. And conventional loans today start at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage.  We warned not to

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Why you shouldn’t use your 401(k) to pay off a mortgage

UncategorizedBy October 27, 20201 Comment

Most experts say: Don’t use your 401(k) to pay off a mortgage. Luckily, you don’t have to. There are plenty of other ways to pay off your mortgage early.

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Stimulus Negotiations Stall Over Covid-19 Testing Plan As Cases Surge To Record Highs

UncategorizedBy October 27, 2020Leave a comment

House Speaker Nancy Pelosi said Monday that the White House “refuses” to accept the Democrats’ national testing and tracing plan.

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IRS Extends Deadline To Claim $500 Child Stimulus Payment

UncategorizedBy October 26, 2020Leave a comment

Eligible caregivers now have until November 21 to claim the supplement.

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Mortgage and refinance rates today, October 26, 2020

UncategorizedBy October 26, 2020Leave a comment

Today’s mortgage and refinance rates  Average mortgage rates inched higher last Friday, but only by the smallest measurable amount. And conventional loans today start at 3.188% (3.188% APR) for a

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Ant Group Will Raise $34.5 Billion In Biggest IPO Ever

UncategorizedBy October 26, 20201 Comment

The fintech arm of e-commerce giant Alibaba will be valued at $313 billion.

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10-Year mortgage rates: Can I get a 10-Year fixed home loan?

UncategorizedBy October 26, 2020Leave a comment

10-year mortgage rates are lower than 30- and 15-year rates. But payments are much higher. Find out: Are 10-year mortgage rates worth it for you?

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Senate GOP Pushes Through Democratic Filibuster To Advance Amy Coney Barrett Nomination

UncategorizedBy October 25, 2020Leave a comment

Murkowski and Collins broke ranks to vote with Democrats.

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Report: Trump Administration Scraps Santa Claus Coronavirus Vaccine Plan

UncategorizedBy October 25, 2020Leave a comment

Santa Claus performers would have received early access to the coronavirus vaccine in exchange for promoting its benefits. Elves and Mrs. Claus were included, too.

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Pelosi: No Agreement Yet On Testing Language As Time Runs Out For Pre-Election Stimulus Bill

UncategorizedBy October 25, 2020Leave a comment

Accepting a bill without adequate language on coronavirus testing and tracing would be “official malfeasance,” the Speaker said.

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Mortgage and refinance rates today, October 23, 2020

UncategorizedBy October 23, 2020Leave a comment

Today’s mortgage and refinance rates  Average mortgage rates inched lower yesterday. And conventional loans today start at 3.125% (3.125% APR) for a 30-year, fixed-rate mortgage.  Does it feel as if

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The 9 best online mortgage lenders for 2020

UncategorizedBy October 23, 2020Leave a comment

We name the 9 best online mortgage lenders and review their offerings, service, flexibility, fees and rates. Essential reading for online borrowers.

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VA funding fee: How much is it and who is exempt?

UncategorizedBy October 23, 2020Leave a comment

The VA funding fee sustains the zero-down VA loan program for service members and veterans. See current funding fees and find out who is exempt.

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Goldman Sachs Will Claw Back $174 Million From Execs Including Ex-CEO Lloyd Blankfein After $2.8 Billion Corruption Settlement

UncategorizedBy October 22, 2020Leave a comment

CEO David Solomon, along with three other execs, will take a pay cut while others will repay their earnings.

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Pelosi: ‘We’ve Come To Terms’ On Stimulus Checks, Healthcare Spending—But Differences Remain On State And Local Aid, Liability Protections

UncategorizedBy October 22, 2020Leave a comment

Any deal the House Speaker makes with the White House won’t become law unless at least some Republicans come on board.

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Mortgage and refinance rates today, October 22, 2020

UncategorizedBy October 22, 20201 Comment

Today’s mortgage and refinance rates  Average mortgage rates edged higher yesterday. And conventional loans today start at 3.125% (3.125% APR) for a 30-year, fixed-rate mortgage.  Yesterday’s rise was mostly down

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Weekly Unemployment Claims Fall Below 800,000 For The First Time In Months

UncategorizedBy October 22, 2020Leave a comment

New claims dropped slightly to 787,000 last week, but that’s still higher than the pre-pandemic record.

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How home construction loans work

UncategorizedBy October 22, 2020Leave a comment

If you want to build your own home, you’ll likely need a construction loan. Learn how construction loans work and why they’re different from mortgages.

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The VA home loan: Benefits, requirements, and rates for 2020

UncategorizedBy October 22, 2020Leave a comment

VA home loan benefits are unmatched by other mortgage programs. See VA loan requirements, benefits, and interest rates here.

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These Are The Biggest Obstacles To A Stimulus Deal

UncategorizedBy October 21, 2020Leave a comment

House Speaker Pelosi said that the next aid bill needs to be drafted by the end of the week for coronavirus relief to reach Americans before Election Day, but time isn’t the only barrier.

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House Speaker Pelosi Says ‘There Will Be’ A Stimulus Deal, Either Before Or After The Election, As Democrats Block Another GOP Skinny Bill

UncategorizedBy October 21, 2020Leave a comment

Even as Senate Majority Leader McConnell warns the White House to pause, Pelosi expresses heightened optimism.

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Mortgage and refinance rates today, October 21, 2020

UncategorizedBy October 21, 2020Leave a comment

Today’s mortgage and refinance rates  Average mortgage rates inched higher yesterday. But only by the smallest measurable amount. And conventional loans today start at 3.125% (3.125% APR) for a 30-year,

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More Stimulus Unlikely Before Election, Goldman Sachs Says

UncategorizedBy October 21, 2020Leave a comment

McConnell warned the White House against a deal, but Pelosi and Mnuchin are still talking.

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How to make lenders compete for your mortgage and get a lower rate

UncategorizedBy October 21, 2020Leave a comment

If you can make lenders compete for your mortgage, you can lower your interest rate and get the best deal on your home loan and closing costs. Here’s how.

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Democrats Vote Against GOP’s PPP Stimulus Bill As McConnell Tells White House Not To Make A Deal

UncategorizedBy October 20, 2020Leave a comment

With the election just two weeks away and no stimulus deal in sight, lawmakers in Washington are pointing fingers and shifting blame.

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Stimulus Deal Soap Opera Likely To Drag On Past Today’s Deadline As Pelosi, Trump And McConnell Send Mixed Signals

UncategorizedBy October 20, 20201 Comment

The White House has “come a long way” on testing and tracing language, Pelosi said, but major disagreements still remain amid “mixed messages” from President Trump and Senate Republicans.

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Mortgage and refinance rates today, October 20, 2020

UncategorizedBy October 20, 2020Leave a comment

Today’s mortgage and refinance rates  Average mortgage rates held steady yesterday. And conventional loans today start at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage.  Markets drooped during yesterday as

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16 Questions to ask a mortgage lender before you sign for a home loan

UncategorizedBy October 20, 2020Leave a comment

Here are 16 questions to ask a mortgage lender that will ensure you get the right loan type, lowest mortgage rate, and best overall deal on your home loan.

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Stimulus Cliffhanger Drags On—With Staff Working ‘Around The Clock’—As Pelosi And Mnuchin Struggle To Cut A Deal

UncategorizedBy October 19, 20201 Comment

Pelosi’s deadline for an agreement with the White House is Tuesday evening. But that deal won’t ever become law without Republican support.

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Economists Still Don’t Expect Things To Get Back To Normal Until At Least 2022, Survey Says

UncategorizedBy October 19, 2020Leave a comment

Uncertainty surrounding the virus means that experts are still pessimistic about the course of economic recovery.

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Mortgage and refinance rates today, October 19, 2020

UncategorizedBy October 19, 2020Leave a comment

Today’s mortgage and refinance rates  Average mortgage rates inched higher last Friday, as we predicted. And conventional loans today start at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage.  Current

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China’s Economy Continues Rebound With 4.9% Growth In Third Quarter

UncategorizedBy October 19, 2020Leave a comment

Retail sales and industrial production are now fueling the recovery.

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How to refinance after exiting COVID mortgage forbearance

UncategorizedBy October 19, 20201 Comment

After exiting mortgage forbearance, it’s possible to refinance for a lower interest rate and monthly payment. But there are special rules to be aware of.

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Pelosi Doubles Down On 48-Hour Stimulus Deadline

UncategorizedBy October 18, 2020Leave a comment

Meanwhile, the GOP is preparing to vote on two relief bills of its own.

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Mortgage and refinance rates today, October 16, 2020

UncategorizedBy October 16, 2020Leave a comment

Today’s mortgage and refinance rates  Average mortgage rates edged lower again yesterday. And conventional loans today start at 3.125% (3.125% APR) for a 30-year, fixed-rate mortgage.  Yesterday’s suggestion from Freddie

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First-time home buyers guide: 23 first-time buyer questions answered

UncategorizedBy October 16, 2020Leave a comment

Considering making the jump from renter to homeowner? This first time home buyer guide tells you what you need to know.

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McConnell Won’t Support $1.8 Trillion White House Stimulus Bill—Even If Pelosi And Trump Make A Deal

UncategorizedBy October 15, 2020Leave a comment

No matter what the president wants, the next coronavirus aid bill isn’t going anywhere if Senate Republicans don’t buy in.

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Trump Says He’s Ready To Push White House Stimulus Offer Over $1.8 Trillion

UncategorizedBy October 15, 2020Leave a comment

Meanwhile, Treasury Secretary Steven Mnuchin says he’s prepared to concede to Democrats on testing and tracing provisions.

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Mortgage and refinance rates today, October 15, 2020

UncategorizedBy October 15, 2020Leave a comment

Today’s mortgage and refinance rates  Average mortgage rates held steady yesterday, as the hours in markets unfolded much as we’d predicted. And conventional loans today start at 2.75% (2.75% APR)

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The best mortgage refinance companies for 2020

UncategorizedBy October 15, 2020Leave a comment

It pays to shop around when you refinance. Learn about the eight best mortgage refinance companies and find out which one’s right for you.

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Morgan Stanley Posts $2.7 Billion Third Quarter Profit Thanks To Stocks’ Summer Surge

UncategorizedBy October 15, 2020Leave a comment

The Wall Street giant’s profit rose more than 20% from the same period last year.

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Weekly Jobless Claims Rise To Nearly 900,000

UncategorizedBy October 15, 20201 Comment

Lawmakers in Washington still haven’t agreed on another economic stimulus bill.

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Elizabeth Warren Says Disney Is ‘Hanging Its Front-Line Workers Out To Dry’—Here’s Why

UncategorizedBy October 14, 2020Leave a comment

Disney laid off 28,000 employees at the end of September, but before the pandemic spent billions on executive compensation, stock buybacks and dividend payments.

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Mnuchin Casts Fresh Doubt On Comprehensive Stimulus Deal Before Election

UncategorizedBy October 14, 2020Leave a comment

“At this point getting something done before the election and executing on [it] would be difficult.”

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Mortgage and refinance rates today, October 14, 2020

UncategorizedBy October 14, 20201 Comment

Today’s mortgage and refinance rates  Average mortgage rates edged lower yesterday. And conventional loans today start at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage.  Absent startling developments during the

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VA loan rates are the lowest of any mortgage program

UncategorizedBy October 14, 2020Leave a comment

VA loan rates are typically the lowest on the market, even below FHA or conventional mortgage rates. Find out if you qualify for a low-rate VA loan.

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Bank Of America Posts $4.9 Billion Profit, Down 16% From Last Year As Big Banks Look Towards Recovery

UncategorizedBy October 14, 2020Leave a comment

Shares fell more than 2% in premarket trading.

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Pelosi Says Democrats Still Won’t Accept $1.8 Trillion White House Stimulus Offer

UncategorizedBy October 13, 2020Leave a comment

“That isn’t what we’re going to do,” the House Speaker told CNN.

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Europe Can Now Put Tariffs On $4 Billion In U.S. Products Each Year, Including Boeing Jets, Ketchup And Citrus Fruit

UncategorizedBy October 13, 2020Leave a comment

The new decision from the World Trade Organization is related to an ongoing trade dispute between Europe and the United States over subsidies to aircraft manufacturers.

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McConnell Says Senate Will Vote On ‘Targeted’ Stimulus Bill As Trump Pushes For A Bigger Deal—Again

UncategorizedBy October 13, 2020Leave a comment

It’s not clear whether the new plan includes another round of $1,200 stimulus checks. The last “skinny” offering from the GOP did not.

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Mortgage and refinance rates today, October 13, 2020

UncategorizedBy October 13, 20201 Comment

Today’s mortgage and refinance rates  Average mortgage rates held steady yesterday. And conventional loans today start at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage.  Yesterday’s rates being unchanged was

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Delta Posts $5.4 Billion Loss As Fate Of Struggling U.S. Airlines—And Airline Aid—Remains Uncertain

UncategorizedBy October 13, 2020Leave a comment

The carrier reported a dismal quarter as its president warned that a recovery may take “two years or more.”

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Citigroup Pulls In $3.2 Billion In Profit As Banks Beat Expectations

UncategorizedBy October 13, 20201 Comment

The Wall Street giant beat revenue expectations in the third quarter after agreeing last week to pay a $400 million penalty to regulators.

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U.S. home prices hit a record high in 2020. Is home buying still affordable?

UncategorizedBy October 13, 2020Leave a comment

The median U.S. home price hit a record high during coronavirus. But thanks to low rates, home buying is still affordable for many.

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FIRE and home buying: Can you retire early with a mortgage?

UncategorizedBy October 12, 2020Leave a comment

Financial Independence Retire Early (FIRE) requires you to reduce debts and save most of your income. But home buying with a mortgage is still possible.

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Trump Pushes For Speedy Supreme Court Confirmation So Lawmakers Can Approve Stimulus, But A Deal Is Still A Long Way Off

UncategorizedBy October 12, 2020Leave a comment

Lawmakers have struggled for months to agree on the next federal aid bill, and there’s no indication that Barrett’s swift confirmation would result in another round of stimulus.

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Mortgage and refinance rates today, October 12, 2020

UncategorizedBy October 12, 20201 Comment

Today’s mortgage and refinance rates  Average mortgage rates nudged higher last Friday. And conventional loans today start at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage.  That Friday rise was

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Amy Coney Barrett’s Supreme Court Confirmation Hearings Start Monday. Here’s What To Expect.

UncategorizedBy October 11, 2020Leave a comment

The federal judge will face tough questions on abortion, Obamacare, the 2020 election, and more.

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White House Calls For ‘Immediate’ Vote On Stimulus Stopgap Bill Using Unspent PPP Funds

UncategorizedBy October 11, 2020Leave a comment

“The all-or-nothing approach is an unacceptable response to the American people,” Treasury Secretary Steven Mnuchin and White House chief of staff Mark Meadows wrote.

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Trump On Stimulus: ‘We’re Ready To Go’

UncategorizedBy October 11, 2020Leave a comment

But House Speaker Nancy Pelosi says the White House’s offer is “grossly inadequate.”

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FHA 203k loan – Buy and fix up a home with one loan in 2020

UncategorizedBy October 9, 2020Leave a comment

The FHA 203k loan is a “home construction” loan available in all 50 states. The major benefits, plus some things to watch out for.

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Mortgage and refinance rates today, October 9, 2020

UncategorizedBy October 9, 2020Leave a comment

Today’s mortgage and refinance rates  Average mortgage rates inched lower yesterday for the third consecutive day. But there’s a good chance your lender will not have changed its rate card

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Cash-out refinance: The 6 best uses for your cash out funds

UncategorizedBy October 9, 2020Leave a comment

You can use cash out refinance funds for anything. But some uses are smarter than others. Find out if a cash-out refi is a good idea for you.

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American Airlines Will Slash Even More Routes Without New Stimulus Funds, CEO Warns

UncategorizedBy October 8, 2020Leave a comment

The carrier furloughed 19,000 employees when the first coronavirus bailout package ran out on October 1.

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Trump Says Stimulus Talks Are Back On—But Not Much Has Changed Since He Called Them Off

UncategorizedBy October 8, 2020Leave a comment

This week, the president has veered wildly in his statements about the status of coronavirus aid negotiations.

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Mortgage and refinance rates today, October 8, 2020

UncategorizedBy October 8, 2020Leave a comment

Today’s mortgage and refinance rates  Average mortgage rates inched lower again yesterday. And conventional loans today start at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage.  The last two days’

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Conventional loan rates and requirements for 2020

UncategorizedBy October 8, 20209 Comments

Should you use a conventional loan? Learn about conventional mortgage rates and requirements and find out if you qualify for one.

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Unemployment Claims Remain High After Trump Stymies Covid Relief Talks

UncategorizedBy October 8, 2020Leave a comment

Another 840,000 people filed for benefits last week.

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Both Trump And Biden Plans Would Pile On National Debt, But Trump A Little Less

UncategorizedBy October 7, 2020Leave a comment

Trump’s policies would boost the national debt by $4.95 trillion over ten years, a new report finds. Biden’s would add $5.6 trillion.

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Pelosi Slams Trump Over Stimulus Talk Withdrawal, Standalone $1,200 Check Push

UncategorizedBy October 7, 20201 Comment

All he has ever wanted…is to send out a check with his name printed on it,” Pelosi said.

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Mortgage and refinance rates today, October 7, 2020

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Today’s mortgage and refinance rates  Average mortgage rates inched lower yesterday. And conventional loans today start at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage.  A fall looked unlikely yesterday

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Airline Stocks Claw Back Losses Amid Trump Stimulus Whiplash

UncategorizedBy October 7, 2020Leave a comment

Shares of United climbed 4.6% in premarket trading.

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Navy Federal Mortgage Review for 2020

UncategorizedBy October 7, 2020Leave a comment

Review of Navy Federal Credit Union mortgages showing how the company compares to other to lenders for mortgage rates, loan options, and customer service.

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How low can we go? 30-year mortgage rate charts tell the story

UncategorizedBy October 7, 2020Leave a comment

30-year mortgage rates chart with average 30-year rates since 1972. Rates have been dropping, but can they go lower still? Find out here.

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Trump Torpedoes Stimulus Negotiations And These Six Benefits Are Off The Table (For Now)

UncategorizedBy October 6, 2020Leave a comment

President Trump just blew off a second round of $1,200 stimulus checks, enhanced unemployment checks, additional PPP funding, state and local aid and more.

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Powell Urges More Stimulus From Congress, Citing ‘Strong But Incomplete’ Recovery

UncategorizedBy October 6, 2020Leave a comment

The Federal Reserve Chairman said the risks of “overdoing it” on economic support are low, but too little support from fiscal policy makers would cause “unnecessary hardship.”

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Mortgage and refinance rates today, October 6, 2020

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Today’s mortgage and refinance rates  Average mortgage rates rose yesterday. It was the third day of similarly sized movements: up, down, back up. And conventional loans today start at 2.75%

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Pelosi Says Stimulus Talks Are Moving ‘Very Slowly’

UncategorizedBy October 6, 20201 Comment

Plus, why the original $3.4 trillion Heroes Act could make a reappearance.

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Seller financing is risky. Use these mortgage programs instead

UncategorizedBy October 6, 20201 Comment

Mortgage alternatives, like seller financing, lease-purchase, and contract-for-deed, are risky. And you might qualify for a mortgage without them.

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Meadows Pushes For Piecemeal Relief Ahead Of Crucial Week For Bigger Stimulus Deal

UncategorizedBy October 5, 20201 Comment

Speaker Pelosi has been adamantly opposed to multiple relief bills, but last week said she would support standalone relief for the airline industry.

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Mortgage and refinance rates today, October 5, 2020

UncategorizedBy October 5, 2020Leave a comment

Today’s mortgage and refinance rates  Average mortgage rates fell last Friday. And that all but wiped out Thursday’s rise. So they ended the week very slightly lower than they started

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How much house can I afford if I make $100,000 per year?

UncategorizedBy October 5, 2020Leave a comment

Many people can easily buy a house on a $100K salary. However, your home buying budget will vary depending on your credit score, DTI, and down payment.

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NYC To ‘Rewind’ Reopening In Some Neighborhoods As Covid-19 Cases Surge

UncategorizedBy October 4, 2020Leave a comment

The reclosure plan, set to take effect in nine ZIP codes on Wednesday, still needs to be approved by the state.

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Pelosi Says No Second Stimulus Yet, Despite Trump’s Push For A Deal

UncategorizedBy October 4, 2020Leave a comment

“WORK TOGETHER AND GET IT DONE,” Trump tweeted Saturday.

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Airlines Could See More Relief Ahead Of Stimulus Deal, Pelosi Says

UncategorizedBy October 2, 2020Leave a comment

Citing “imminent” relief, the House Speaker urged major carriers to put tens of thousands of planned job cuts on hold this week as relief legislation advances in Washington.

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Stimulus Update: After Lackluster Jobs Report And Trump’s Covid-19 Bombshell, Pelosi Signals A Deal Is Still Possible

UncategorizedBy October 2, 2020Leave a comment

Trump’s diagnosis “changes the dynamic,” the House Speaker said.

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Mortgage and refinance rates today, October 2, 2020

UncategorizedBy October 2, 20201 Comment

Today’s mortgage and refinance rates  Average mortgage rates rose appreciably yesterday. We had warned that a rise might be on the cards. This morning, a fall looks more likely. And

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VA IRRRL rates and requirements for 2020

UncategorizedBy October 2, 20201 Comment

The VA IRRRL or “VA Streamline Refinance” is an easy way to lower the rate and payment on your VA loan. See today’s VA IRRRL rates and rules.

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Dow Futures Down 400 Points After Trump Tests Positive For Covid-19

UncategorizedBy October 2, 20201 Comment

Investors are headed for a volatile few weeks ahead of the election.

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House Passes $2.2 Trillion Stimulus Bill, But That Doesn’t Mean $1,200 Checks And More Unemployment Benefits Are On The Way

UncategorizedBy October 2, 2020Leave a comment

The plan needs at least some Republican support to become law, and the GOP isn’t on board. Meanwhile, Democrats and the Trump administration continue last-ditch talks for a deal.

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Still No Deal On Second Stimulus As Early Optimism Wanes

UncategorizedBy October 1, 2020Leave a comment

The chances of an agreement before the election on the next round of federal coronavirus aid appeared to dwindle on Thursday afternoon.

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6 Types of home improvement loans: Which is best for you?

UncategorizedBy October 1, 2020Leave a comment

Home improvement or renovation loans can save you money and get you exactly what you want. Here are the top ways you can finance your upgrades.

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Mortgage and refinance rates today, October 1, 2020

UncategorizedBy October 1, 20201 Comment

Today’s mortgage and refinance rates  Average mortgage rates held steady yesterday. So that’s a nine-business-day run since the last rise. And conventional loans today start at 2.75% (2.75% APR) for

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Stimulus Update: Mnuchin Says Next Bill To Include $1,200 Checks ‘If There Is A Deal,’ Offers Pelosi $1.6 Trillion

UncategorizedBy October 1, 2020Leave a comment

Today is a critical deadline for lawmakers to reach an agreement before the election on the next round of federal coronavirus aid. Here’s everything you need to know.

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Jobless Claims Hold Steady As Recovery Stalls

UncategorizedBy October 1, 2020Leave a comment

Another 837,000 people filed for unemployment last week.

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McConnell Throws Cold Water On Second Stimulus Deal: ‘We’re Very, Very Far Apart’

UncategorizedBy September 30, 2020Leave a comment

Treasury Secretary Steven Mnuchin met with House Speaker Nancy Pelosi to deliver the Trump Administration’s new counter-offer.

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Mortgage and refinance rates today, September 30, 2020

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Today’s mortgage and refinance rates  Average mortgage rates inched lower yet again yesterday. That’s more than a week of consecutive falls. And conventional loans today start at 2.75% (2.75% APR)

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Mnuchin Optimistic On Pre-Election Stimulus Deal, Says He’ll Return To Pelosi With An Offer Today

UncategorizedBy September 30, 2020Leave a comment

The Treasury Secretary said he expects to counter a $2.2 trillion proposal from Democrats with something similar to the $1.5 trillion plan set out by a bipartisan caucus earlier this month.

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How a cash-out refinance works: Rules, rates, and requirements

UncategorizedBy September 30, 2020Leave a comment

A cash-out refinance lets you turn your home equity into cash and lock in a low mortgage rate at the same time. Learn how cash-out refinancing works here.

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Mnuchin And Pelosi Talk Stimulus For Nearly An Hour—Could A Deal And A Second Round Of $1,200 Checks Be On The Way?

UncategorizedBy September 29, 2020Leave a comment

More help for small business, $600 weekly unemployment benefits, and more state and local aid are all on the line.

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Mortgage and refinance rates today, September 29, 2020

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Today’s mortgage and refinance rates  Average mortgage rates inched lower yesterday. That was the fifth business day running on which rates have fallen — albeit minutely. And conventional loans today

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How to buy a house with a 600 credit score

UncategorizedBy September 29, 2020Leave a comment

It’s possible to buy a house with a 600 credit score, as long as you meet other mortgage requirements. Learn about 600 credit score home loans here.

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Democrats Release Smaller $2.2 Trillion Stimulus Proposal In Final Bid For Compromise Before Election Day

UncategorizedBy September 29, 2020Leave a comment

Pelosi says she’s still ‘optimistic’ about a deal, but the clock is ticking.

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Mortgage and refinance rates today, September 28, 2020

UncategorizedBy September 28, 2020Leave a comment

Today’s mortgage and refinance rates  Average mortgage rates edged lower again last Friday. That was the fourth consecutive day of modest falls. And conventional loans today start at 2.75% (2.725%

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Who has the best refinance rates? Top 24 lenders ranked

UncategorizedBy September 28, 2020Leave a comment

We ranked 2019’s top 24 lenders to find out who has the best refinance rates, best cash-out refinance rates, and lowest refinance closing costs.

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Quicken Loans Mortgage Review for 2020

UncategorizedBy September 25, 20201 Comment

Review of Quicken Loans showing how the company compares to other top lenders. Includes mortgage rates, service, complaints, operations and products offered.

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Mortgage and refinance rates today, September 25, 2020

UncategorizedBy September 25, 20201 Comment

Today’s mortgage and refinance rates  Average mortgage rates edged lower yesterday. Contrary to Freddie Mac’s weekly survey, we reckon they were the same last evening as they were a week

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Rocket Mortgage Review for 2020

UncategorizedBy September 24, 20201 Comment

Rocket Mortgage review showing how Rocket compares for mortgage rates, home loan products offered, and customer service reviews.

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Mortgage and refinance rates today, September 24, 2020

UncategorizedBy September 24, 20201 Comment

Today’s mortgage and refinance rates  Average mortgage rates inched lower again yesterday. But the move was so small it was barely perceptible. And conventional loans today start at 2.875% (2.875%

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What to do when your CARES Act mortgage forbearance ends

UncategorizedBy September 24, 2020Leave a comment

Millions of CARES Act mortgage forbearance plans are set to end in September and October Should you extend your forbearance plan or exit?

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The best mortgage lenders for 2020: Reviews and rates

UncategorizedBy September 23, 2020Leave a comment

The 9 best mortgage lenders for Below are the nine best mortgage lenders this year. We selected these companies based on their customer service, expertise, selection of loan products, and

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Read this before you use your 401(k) to buy a house

UncategorizedBy September 23, 2020Leave a comment

It’s possible to use your 401(k) for a down payment when buying a home. But it’s not always best. Learn how a 401(k) loan works and other options.

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Mortgage and refinance rates today, September 23, 2020

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Today’s mortgage and refinance rates  Average mortgage rates inched lower yesterday, underscoring the disconnection between those and other markets. And conventional loans today start at 2.875% (2.875% APR) for a

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Mortgage and refinance rates today, September 22, 2020

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Today’s mortgage and refinance rates  Average mortgage rates held steady yesterday amid difficult markets. And conventional loans today start at 2.875% (2.875% APR) for a 30-year, fixed-rate mortgage.  Current mortgage

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Mortgage brokers: What they do and how to find one

UncategorizedBy September 22, 2020Leave a comment

Mortgage brokers help you find the best home loan for your needs. Learn about the pros of working with a mortgage broker and how to find the right one .

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Mortgage and refinance rates today, September 21, 2020

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Today’s mortgage and refinance rates  Average mortgage rates edged higher last Friday. So they ended the week just a little higher than they started it. But probably not by enough

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2.5 million homeowners could save $500/month by refinancing: report

UncategorizedBy September 21, 20201 Comment

Refinance rates are near an all time low, and 2.5 million homeowners stand to save $500 per month or more by refinancing. Find out if that includes you.

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NBKC Mortgage Lender Review for 2020

UncategorizedBy September 18, 2020Leave a comment

NBKC mortgage review showing how the company compares with other top lenders for mortgage rates, customer service, and loan products.

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US Bank Mortgage Review for 2020

UncategorizedBy September 18, 20201 Comment

Review of US Bank Mortgage showing how the company compares to other top lenders for mortgage rates, service, complaints, and loan products.

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The best way to refinance: Avoid these 6 mistakes

UncategorizedBy September 18, 2020Leave a comment

Refinance applicants can reduce their costs by avoiding mistakes during the application process. This is the best way to refinance.

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Mortgage and refinance rates today, September 18, 2020

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Today’s mortgage and refinance rates  Average mortgage rates edged lower yesterday. Assuming you’re not affected by the surcharge on certain Fannie Mae and Freddie Mac refinances, yours may have changed

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Lawmakers Reportedly Have A Bipartisan Deal—Without Any Coronavirus Relief—To Avoid A Government Shutdown

UncategorizedBy September 18, 20201 Comment

The bill, expected to be released in the House of Representatives today, will fund the federal government past the September 30 end of this fiscal year.

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Will mortgage rates go down in October 2020? Forecast and trends

UncategorizedBy September 18, 20201 Comment

Mortgage rates are holding low and everyone is predicting low rates through 2020. But what will interest rates do next? Advice, predictions, and your next steps.

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Pelosi Doubles Down On $2.2 Trillion Stimulus Compromise: ‘It’s Hard To See How We Can Go Any Lower’

UncategorizedBy September 17, 2020Leave a comment

President Trump took Washington by surprise on Wednesday by pushing Republicans to accept a larger package.

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The best VA mortgage lenders: Rates and reviews for 2020

UncategorizedBy September 17, 2020Leave a comment

Review of the best VA loan lenders, including VA rates, customer service ratings, and minimum credit scores. Find the best VA lender for you.

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Mortgage and refinance rates today, September 17, 2020

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Today’s mortgage and refinance rates  Average mortgage rates inched up yesterday by the smallest measurable amount. There’s a good chance your lender didn’t bother to change yours. And conventional loans

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Unemployment Claims Fall Slightly As Labor Market Struggles To Recoup Losses

UncategorizedBy September 17, 2020Leave a comment

860,000 people filed for temporary benefits for the week ending September 12, down from 884,000 the week before.

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On Twitter, Trump Slams ‘Heartless’ Democrats For Stimulus Check Delay

UncategorizedBy September 16, 2020Leave a comment

Since May, Democrats, the White House and Republicans have all supported another round of $1,200 checks, but Senate Republicans’ latest stimulus plan didn’t include the popular benefit.

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Mortgage and refinance rates today, September 16, 2020

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Today’s mortgage and refinance rates  Average mortgage rates soared yesterday. But the chances are yours moved much less sharply. Read on to understand this paradox. Meanwhile, conventional loans today start

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Latino, Black, And Native American Households Face Disproportionate Money Problems During Coronavirus Pandemic, Poll Finds

UncategorizedBy September 16, 2020Leave a comment

Latino households reported serious concerns at double the rate of white households.

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Trump Administration Releases Wide-Ranging Plan For Free Covid-19 Vaccines

UncategorizedBy September 16, 2020Leave a comment

The president has repeatedly claimed that a vaccine could be ready before election day, but that isn’t likely to happen.

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Guild Mortgage Review for 2020

UncategorizedBy September 16, 2020Leave a comment

Guild Mortgage Review showing how the company compares to other top lenders for mortgage rates, customer service, and loan options.

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Here’s How The Long-Shot Bipartisan Relief Proposal Would Put Your Third Stimulus Check On Auto-Pilot

UncategorizedBy September 16, 2020Leave a comment

Automatic stabilizers are a favorite idea of policy wonks and economists, but they usually draw less enthusiasm from politicians.

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As Stimulus Pressure Mounts, Pelosi Reassures House Democrats They’ll Remain In Washington Until There’s A Deal

UncategorizedBy September 15, 2020Leave a comment

“We are committed to staying here until we have an agreement.”

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Mortgage and refinance rates today, September 15, 2020

UncategorizedBy September 15, 20201 Comment

Today’s mortgage and refinance rates  Average mortgage rates yesterday inched up by the smallest measurable amount. But they’re still comfortably close to the all-time low. And conventional loans today start

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Does it matter who your mortgage loan servicer is?

UncategorizedBy September 15, 2020Leave a comment

Does it matter who your mortgage servicing company is? Learn what mortgage loan servicers do and when you’ll interact with yours.

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A Bipartisan Stimulus Proposal—Including More Checks—Was Just Released. Will It Break The Stalemate?

UncategorizedBy September 15, 2020Leave a comment

The plan includes more $1,200 payments, $450 to $600 federal unemployment benefits, and $500 billion in new state and local aid, but the $1.5 trillion compromise is still a long shot in Washington.

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Despite Stimulus Talk Stalemate, Pelosi Says Negotiating Directly With Trump Wouldn’t Be ‘A Good Use Of Time’

UncategorizedBy September 14, 2020Leave a comment

“We all want to have an agreement,” Pelosi said Monday, “but it has to be real.”

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How mortgage rates move when the Federal Reserve meets

UncategorizedBy September 14, 2020Leave a comment

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.

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Mortgage and refinance rates today, September 14, 2020

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Today’s mortgage and refinance rates  Average mortgage rates nudged lower last Friday. So they remain within the uberlow range and within striking distance of the all-time low. Conventional loans today

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Delta Will Borrow $6.5 Billion Backed By Frequent Flyer Program

UncategorizedBy September 14, 2020218 Comments

Airlines are facing a cash crisis thanks to plummeting demand during the coronavirus pandemic.

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Mnuchin Says More Stimulus Needed, Don’t Worry About The Deficit

UncategorizedBy September 14, 20201 Comment

“Now is not the time to worry about shrinking the deficit or shrinking the Fed balance sheet,” the Treasury Secretary said Monday.

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Should climate change dictate where you buy a house?

UncategorizedBy September 14, 2020Leave a comment

Climate change is putting millions of homes at risk. Use these climate change maps and expert advice to help inform your next home buying decision.

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Fauci Says It Will Be ‘Well Into 2021’ Before U.S. Returns To Normal From Coronavirus

UncategorizedBy September 11, 20201 Comment

The country’s leading expert on infectious disease described the current data on coronavirus in the U.S. as “disturbing.”

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7 low credit score home loans (starting at 500 FICO)

UncategorizedBy September 11, 2020Leave a comment

Certain mortgage programs are designed to get lower credit applicants into homes. Find out which programs you should target as a home buyer with a low score.

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Mortgage and refinance rates today, September 11, 2020

UncategorizedBy September 11, 20201 Comment

Today’s mortgage and refinance rates  Average mortgage rates inched higher yesterday. But they remain close to the all-time low set last month. Conventional loans today start at 2.75% (2.75% APR)

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Trump’s $300 Unemployment Checks Are Running Out And There’s No More Funding In Sight

UncategorizedBy September 10, 2020Leave a comment

FEMA is telling states the benefits will only last six weeks.

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Second Stimulus Update: GOP Bill Fails In The Senate. Will There Ever Be More Relief?

UncategorizedBy September 10, 2020Leave a comment

Stimulus checks, more unemployment benefits, and money for state and local governments all hang in the balance.

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Tips for getting a mortgage with a 680 credit score

UncategorizedBy September 10, 2020Leave a comment

When you’re buying a home or refinancing one, good credit scores get you access to lower mortgage rates plus a wider selection of loan products.

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Mortgage and refinance rates today, September 10, 2020

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Today’s mortgage and refinance rates  Average mortgage rates held steady yesterday. So they remain within striking distance of the all-time low. Conventional loans today start at 2.75% (2.75% APR) for

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Citi Names Jane Fraser New CEO, Making Her First Woman To Lead A Major Wall Street Bank

UncategorizedBy September 10, 20201 Comment

Current CEO Michael Corbat will retire in February, clearing way for Citi’s head of retail banking to advance.

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Unemployment Claims Hold Steady At 884,000

UncategorizedBy September 10, 2020Leave a comment

Lawmakers in Washington still haven’t agreed on a bill to extend federal unemployment benefits from the CARES Act.

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Mortgage and refinance rates today, September 9, 2020

UncategorizedBy September 9, 20201 Comment

Today’s mortgage and refinance rates  Average mortgage rates fell modestly yesterday. And, after a couple of days of rises, that was good news. A new all-time low could be days

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How mortgage rates are determined and why you should care

UncategorizedBy September 9, 2020Leave a comment

Learn how mortgage rates are determined, what causes lenders to offer you a higher or lower rate, and why mortgage rates rise and fall daily.

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Republican ‘Skinny’ Stimulus Bill Headed For A Vote—Here’s What’s In It, And What’s Not

UncategorizedBy September 8, 2020Leave a comment

Democrats have already rejected the proposal.

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Here’s Why Peloton Stock Is Soaring 10% Today

UncategorizedBy September 8, 20201 Comment

The fitness giant is up 200% since the pandemic began.

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Mortgage and refinance rates today, September 8, 2020

UncategorizedBy September 8, 20201 Comment

Today’s mortgage and refinance rates  Average mortgage rates rose quite sharply last Friday, a possibility of which we warned that morning. Good employment data were behind the rise. Conventional loans

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Mortgage rate and housing market predictions for late-2020

UncategorizedBy September 8, 2020Leave a comment

We asked 10 housing and finance experts for their mortgage rate predictions and housing forecasts for late-2020. Here’s what they said.

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Mayors Call On Trump To Rescind Memo On Defunding ‘Anarchist’ Cities

UncategorizedBy September 7, 2020Leave a comment

It’s the latest attempt by the president to slash federal support to cities and states controlled by Democrats.

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China’s Exports Surged 9.5% In August Despite Escalating Tensions With The United States

UncategorizedBy September 7, 20201 Comment

The growth was due to strong demand for medical supplies and electronics.

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Mike Pence Says The White House Still Wants To Send Second Stimulus Checks

UncategorizedBy September 4, 2020Leave a comment

Before that can happen, lawmakers need to break a weeks-long stalemate and agree on a new coronavirus relief bill.

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10 Numbers That Sum Up The Plight Of American Workers This Labor Day

UncategorizedBy September 4, 20201 Comment

13.6 million people are now unemployed. Despite modest gains over the summer, the job market has a long way to go.

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Fairway Independent Mortgage Review for 2020

UncategorizedBy September 4, 20201 Comment

Fairway Mortgage Review showing how the company compares to other top lenders for mortgage rates, customer service, and loan options.

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Mortgage rates today, September 4, 2020, plus lock recommendations

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Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

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The U.S. Added 1.4 Million Jobs In August, But The Recovery Is Slowing Down

UncategorizedBy September 4, 2020Leave a comment

The unemployment rate fell to 8.4% from 10.2% in July.

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Coronavirus Crisis Has Led To ‘Bleak’ Perception Of The Economy, Study Says

UncategorizedBy September 3, 20201 Comment

A new study from the Pew Research Center found that across 14 countries, a median of more than two-thirds of people rated their country’s economic situation negatively.

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Schumer Slams Skinny GOP Stimulus Bill, Urges Democrats To Stick Together As Washington Remains Deadlocked

UncategorizedBy September 3, 2020Leave a comment

“Republicans may call their proposal ‘skinny,’ but it would be more appropriate to call it ‘emaciated.’”

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FHA cash-out refinance: Requirements and rates for 2020

UncategorizedBy September 3, 20201 Comment

The FHA cash out refinance is available to more homeowners thanks to lenient guidelines. Pay off debt, or get cash for any reason with this program.

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Mortgage rates today, September 3, 2020, plus lock recommendations

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Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

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Another 881,000 People Filed For Unemployment Last Week

UncategorizedBy September 3, 2020Leave a comment

Claims dipped below one million, but there’s a caveat: the Labor Department made a big change to how it adjusts the data.

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Thanks To Stimulus Spending, U.S. Debt Expected To Exceed The Size Of The Entire Economy Next Year

UncategorizedBy September 2, 2020Leave a comment

Massive government relief efforts to combat the coronavirus recession have pushed the national budget deficit to $3.3 trillion.

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Democrats Have A Plan To Overturn Trump’s Payroll Tax Deferral Program

UncategorizedBy September 2, 20201 Comment

The controversial program started this week without much buy-in from major private companies.

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Mortgage rates today, September 2, 2020, plus lock recommendations

UncategorizedBy September 2, 2020Leave a comment

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

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Parents: Should you buy a bigger home for remote learning?

UncategorizedBy September 2, 2020Leave a comment

Many families want to buy a bigger house to support work from home and remote learning. Does buying a house during COVID make sense for you?

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Trump Administration Announces New Eviction Moratorium, Effective Immediately

UncategorizedBy September 1, 20201 Comment

The CDC will use its authority to keep certain renters in their homes until the end of the year, but they will still owe missed rent.

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Economy Needs At Least $1.3 Trillion In New Stimulus To Sustain Recovery, Bridgewater CIO Says

UncategorizedBy September 1, 2020Leave a comment

Negotiations over the next stimulus bill in Washington have come to a standstill, and Bridgewater expects a major drawdown without additional relief.

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Mnuchin: We Want To Extend Unemployment Insurance And Send Out More Stimulus Checks

UncategorizedBy September 1, 2020Leave a comment

With coronavirus aid negotiations at a standstill, the Treasury Secretary pushes for another bipartisan bill.

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Mortgage rates today, September 1, 2020, plus lock recommendations

UncategorizedBy September 1, 2020Leave a comment

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

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New Fed policy could mean years of low mortgage rates

UncategorizedBy September 1, 2020Leave a comment

The Federal Reserve has a new policy to keep inflation and employment on target. And, it could keep mortgage interest rates low for a long time. Here’s why.

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Fed Won’t Raise Rates Until 2025, Goldman Sachs Predicts

UncategorizedBy August 31, 20201 Comment

The central bank unveiled a major policy change last week.

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Mortgage rates today, August 31, 2020, plus lock recommendations

UncategorizedBy August 31, 20201 Comment

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

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Tips for buying a house with a 700 credit score

UncategorizedBy August 31, 2020Leave a comment

Learn how to buy a house with a 700 credit score, including the best mortgage types and tips to get the lowest mortgage rate.

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Trump Willing To Sign $1.3 Trillion Coronavirus Stimulus Bill, Chief Of Staff Says

UncategorizedBy August 28, 2020Leave a comment

The offer is $900 billion less than the compromise Democrats have proposed.

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MGM Resorts Lays Off 18,000 Furloughed Workers

UncategorizedBy August 28, 2020Leave a comment

Like airlines and hotels, the casino industry has struggled to recover during the coronavirus pandemic.

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Mortgage rates today, August 28, 2020, plus lock recommendations

UncategorizedBy August 28, 2020Leave a comment

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

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FHFA refinance fee delayed, but don’t put off your refinance

UncategorizedBy August 28, 20201 Comment

Fannie Mae and Freddie Mac’s 0.5% refinance fee is delayed until December 1. But to avoid the fee and higher refinance rates, you need to apply sooner than that.

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Pelosi Says Democrats Are ‘Not Budging’ As Second Stimulus Gridlock Wears On

UncategorizedBy August 27, 2020Leave a comment

The White House is “just going to have to come up with more money,” the House Speaker said.

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How to get a mortgage without a 2-year job history

UncategorizedBy August 27, 2020Leave a comment

As a first-time home buyer, you may not have the work experience of a seasoned purchaser, but that doesn’t have to affect your ability to get mortgage loan-approved.

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Mortgage rates today, August 27, 2020, plus lock recommendations

UncategorizedBy August 27, 2020Leave a comment

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

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The Fed Just Announced A Major Inflation Policy Change—Here’s Why That Matters

UncategorizedBy August 27, 2020Leave a comment

With interest rates at rock-bottom, the Fed wants to get out of the way of economic recovery.

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Stimulus Update: White House’s Meadows Says He’s Reached Out To Pelosi To Restart Talks

UncategorizedBy August 26, 2020Leave a comment

Coronavirus relief negotiations ground to a halt at the end of July after top lawmakers were unable to come to an agreement. Politicians are still playing the blame game.

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Davos Postponed Until Summer 2021

UncategorizedBy August 26, 2020Leave a comment

Even the most powerful people in the world have to cancel meetings because of Covid-19.

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Mortgage rates today, August 26, 2020, plus lock recommendations

UncategorizedBy August 26, 2020Leave a comment

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

Read more

How to qualify for a mortgage using investment income

UncategorizedBy August 26, 2020Leave a comment

You’re allowed to use investment income for mortgage qualification. Lenders will accept two forms: dividends and interest. Here’s how to qualify based on investment income.

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Pharma Giant Teva Charged With Price-Fixing

UncategorizedBy August 26, 2020Leave a comment

The charges are related to a years-long federal investigation into price fixing by generic drug makers.

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Pharma Founder Charged In Insider Trading Case Over $3.5 Billion Sale To Teva

UncategorizedBy August 25, 2020Leave a comment

Sepehr Sarshar, the founder and former CEO of Auspex Pharmaceuticals, allegedly helped his friends and family rake in more than $700 million in illegal profits by tipping them off to the sale before it happened.

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Clearing Up Confusion On The $300 Unemployment Benefit: Here’s Where States Stand On Payments

UncategorizedBy AffordableFinancialCounselingAugust 25, 2020Leave a comment

Which states are approved, which states are paying extra, and which states have opted out.

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The Housing Market Isn’t Booming For Everyone: Four Numbers That Sum It All Up

UncategorizedBy AffordableFinancialCounselingAugust 25, 20201 Comment

Many see the housing market’s performance as a sign the economy is on the right track, but the recovery isn’t being felt by all Americans.

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Mortgage rates today, August 24, 2020, plus lock recommendations

UncategorizedBy AffordableFinancialCounselingAugust 25, 2020Leave a comment

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

Read more

How to pay off your mortgage early by paying extra

UncategorizedBy AffordableFinancialCounselingAugust 25, 2020Leave a comment

You’re allowed to pay extra on your mortgage to pay it off early. Here are three strategies to pay off your mortgage early if you have extra cash.

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Hong Kong Man Reinfected With Coronavirus, Scientists Say, Raising Questions About Immunity And Vaccines

UncategorizedBy AffordableFinancialCounselingAugust 25, 2020Leave a comment

Researchers reported what they say is the first confirmed case of coronavirus reinfection.

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$300 Weekly Unemployment Payments Are ‘Too Little Too Late’ To Prop Up August Spending, Goldman Sachs Says

UncategorizedBy AffordableFinancialCounselingAugust 25, 20201 Comment

More than 25 states have been approved for the Lost Wages Assistance program, but researchers from Goldman predict that the consumer economy won’t see any significant benefits from the new supplement until September.

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Mortgage rates today, August 25, 2020, plus lock recommendations

UncategorizedBy AffordableFinancialCounselingAugust 25, 2020Leave a comment

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

Read more

More homeowners should be using this refinance strategy

UncategorizedBy AffordableFinancialCounselingAugust 25, 2020Leave a comment

The low-doc streamline refinance is a faster way to lower your rate on an FHA, VA, or USDA loan. Why aren’t more homeowners using it?

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What We Learned From Ant Group’s New IPO Filing

UncategorizedBy AffordableFinancialCounselingAugust 25, 2020Leave a comment

The fintech giant, which operates China’s largest payments platform, is preparing for what could be one of the biggest IPOs in years after raking in $3.2 billion in profit in the first half of the year.

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American Airlines Will Cut 19,000 Jobs In October As Coronavirus Decimates Travel Industry

UncategorizedBy AffordableFinancialCounselingAugust 25, 2020Leave a comment

It’s not clear if there will be any more federal stimulus money for airlines from Washington.

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