Refinance News

Millennials race to refinance on lower mortgage rates, shrink closing times

Democrat Susana Mendoza is the Sun-Times’ endorsed candidate in the state comptroller race. On Oct. 3. boards that this was as simple as refinancing your home. If you’re paying 12 percent on your.

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EPSTOCK/ Several closely watched refinance rates ticked downward today. The national averages for 30-year fixed and 15-year fixed refinances both slid down. The average rate on 10-year fixed refis, meanwhile, also ticked downward. Compare refinancing rates in your area now. 30-year fixed refinance The average 30-year fixed-refinance rate is 4.01 percent, down 7 basis points

 · Mortgage rates hit yet another record low this week with the 30-year fixed rate falling to an average of 3.87% and the 15-year fixed dropping to 3.14%, according to Freddie Mac.

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In doing so, Altman attributes the Clinton economic good times to Clinton. Record-low interest rates have fostered record-low mortgage rates, allowing many more average or below-average income.

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 · But the fact that mortgage rates were lower last year makes it less likely today’s borrowers would want to refinance this year.. mortgage, and millennials are leading the pack to.

Closing Times for Millennials’ Mortgages Becomes Faster. The average time to close a purchase loan for Millennials decreased from 46 days in January to 42 days in February, while time to close a refinance loan also decreased to 52 days in February, down from 58 days the month prior. The average time to close FHA loans decreased from 47 days in.

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The Australian economy was in a very different position in the mid-90s. The last thing we need is the budget advice of a former treasurer still living in the past, writes Greg Jericho. One of the.

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More Millennials refinancing as rates hit 2017 low.. Millennials jumping on low mortgage rates.. Taking advantage of fast closing times, low mortgage rates and great credit scores, today’s.