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In Whitney's view, this new difficulty in accessing capital could push mortgage rates higher by up to 30% from current levels. Read more: Mortgage rates at 20-year high: Is 2023 a good time to buy ...
In addition, TransUnion says if 5% of all Americans were to borrow a new mortgage based on a bi-merge score over the next 12 months, 600,000 new borrowers could face higher interest rates and pay ...
But mortgage rates in the 6% to 6.2% range this year were enough to spur an increase in buying and selling, and those levels remain possible next year. Read more: Why are home prices so high?
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Too big to fail and getting bigger. The nation's big banks had their best year in 2013 since before the financial crisis. Thomson Reuters estimates the six biggest banks will report a combined ...
Mortgage rates surpassed 7% for the first time all year last week, according to Freddie Mac; daily readings are trending higher, with the average 30-year fixed mortgage rate at 7.39%.
Because you’ll incur new expenses, you need to make sure a refinance makes sense. If you‘ve got a $400,000 loan at 8 percent, for instance, the monthly payment is $2,935.
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