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Real Estate

“Mortgage refinancing surges 35% in one week, as interest rates hit lowest level in over a year”

“The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) fell slightly to 6.54% from 6.55%. The refinance share of mortgage activity increased to 48.6% of total applications from 41.7% in the previous week.… Continue Reading…

Personal Finance, Real Estate

“The pros and cons of refinancing your home”

“…refinancing can be a little complicated, especially if your credit score is less than ideal or you’re not completely sure what to expect.  When you refinance, it means you’re essentially taking out a brand new loan on your property, often for the… Continue Reading…