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HARP 2.0 refinancing is allowed on all occupancy types: primary residence (owner-occupied), second home, or investment (rental) property. However, HARP 2.0 refinancing of investment properties by Fannie Mae and Freddie Mac has higher mortgage rates than for owner-occupied properties.
Average mortgage rates are moderately lower as of Thursday, January 2, 2025, with the average 30-year purchase rate dipping below 7.00% in the new year — about where we were this time last year ...
Check today’s refi rates: Find out if refinance rates are lower than your mortgage’s current rate. Refinancing might make sense even if rates haven’t dropped significantly.
A straightforward rate-and-term refinance, in which you simply swap your current mortgage for a same size loan, does not trigger any tax changes: Your property tax bill will not change.
Mortgage rates topped 8 percent in October 2023, according to Bankrate’s national survey of lenders. They’ve pulled back since then — the average rate as of Oct. 30 was 6.88 percent.
Mortgage rates continue easing down week over week on popular terms. The current average rate for a 30-year mortgage is 6.86% for purchase and 6.85% for refinance, down from 7.03% for purchase and ...
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