With the Bank of England base rate rising to 5.25 per cent in the summer of last year, families faced soaring mortagage rates with the average two-year fixed rate reaching 6.9 per cent. The...
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Mortgage Brokers · Families thinking about buying a new home may have considered working with a mortgage broker. Many borrowers believe mortgage brokers can lend a helping hand when it comes to finding the best deal on a loan. But as we'll see, a mortgage broker may not always have the borrower's best interests in mind. Refinancing a Mortgage · Maybe you've overheard coworkers or friends talking about the great deal they got on a new mortgage, or perhaps a recent downward movement in interest rates has you wondering if it's the right time to ...
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Mortgage Type, Rate, APR>, Points> ; 30-Year Fixed, 6.5%, 6.704%, 0.875 ; 15-Year Fixed, 5.875%, 6.186%, 0.750
Product, Today, Last Week, Change ; 30 Year Fixed Average, 6.77%, 6.65%, +0.12 ; Conforming, 7.25%, 7.12%, +0.13 ; FHA, 5.84%, 5.72%, +0.12 ; Jumbo, 3.93%, 3.94%, -0.01
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