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Mark Lorenzo

agrega un archivo Financial Services
2023-05-30 18:41:24 -

10 questions to ask mortgage lenders
1) How much can I borrow to buy a home? When determining how much you can borrow, lenders may consider your income level compared with debt, your employment status and your credit history. Talk to a lender about getting prequalified for a mortgage before you start shopping for your new home.11start superscript, 1, end superscript This can make the whole experience go more smoothly....

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Mark Lorenzo

agrega un archivo Financial Services
2023-05-22 20:01:55 -

How rising or falling interest rates might affect you
When the Federal Reserve raises or lowers its target interest rate, the change affects consumers too. The federal rate helps determine the interest you pay on loans and earn on savings, so it matters to just about everyone. Here’s what might change when rates rise or fall. 1. Your mortgage payments If you have a fixed-rate mortgage, you won’t be affected by a rate...

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FWhoop Xelqua

agrega un archivo Brokerage and Mortgaging
2022-10-12 13:09:00 -

In the US, the average mortgage rate for the first time since 2008 exceeded 6%
The number of applications for mortgage loans fell by 64% compared to last year. In the US, the average mortgage rate for the first time since 2008 exceeded 6%, Reuters reports, citing data from the Association of Mortgage Banks. At the end of July 2022, the US Federal Reserve System (FRS) raised the interest rate by 75 basis points, to 2.25-2.5% per annum. Such an increase in mortgage rates...

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