Finance

According to the Mortgage Bankers Association, the median mortgage payment in the U.S. increased in October, but at a slower pace than the previous month. The national median mortgage payment rose 3.7% to $2.012, up from $1,941 in September. “Prospective homebuyers continue to feel the effects from higher mortgage rates in October with the 70-basis …

MBA: Mortgage payments increase in October due to high mortgage rates Read More »

You may have seen the news recently, and you know that mortgage rates have fallen to historic lows due to the coronavirus pandemic. To reduce monthly payments, most borrowers will refinance when mortgage interest rates drop. You can also use the equity you have in your home with a cash-out refinance mortgage to pay for …

The pros and cons of cash out mortgage refinance Read More »