Tag: Interest Rate
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What if I Wait a Year to Be a Home-buyer?
National home-values have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many home buyer to enter into the market and lock in low rates. As a seller, you will likely be most concerned about ‘short-term price’ – where home-values are headed over the next six months.…
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40% of Americans Lose Incentive to Refinance
Does it make sense to refinance as interest rates rise? 1.4 million borrowers have lost the interest rate incentive to refinance, but there are still a few good reasons to consider refinancing even as rates are rising. 30-year fixed interest rates are up nearly a half a percentage point since January. So far, the rise…