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Instant Reaction: Mortgage Rates, January 7, 2021
January 7, 2021Mortgage FinancingBy: Nadia Evangelou
Mortgage rates started the new year with a new record low. The 30-year fixed mortgage rate dropped this week to 2.65% from 2.67% the previous week, although the 10-year Treasury yield is moving ...
View MoreRegulators raise appraisal threshold for first time since 1994
Beginning Oct. 9, 2019, certain home sales of $400,000 and under will no longer require an appraisal.
Under previous rules that have been in place since 1994, appraisals were not required on all home sales of $250,000 and below ...
View MoreTax Relief
The Knox County Trustee's Office administers a state funded Property Tax Relief Program to assist elderly, disabled, and disabled veteran homeowners. For applicants who qualify, the State of Tennessee will pay or reimburse a portion of their property taxes for their primary residence ...
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Finicity Integration with Loan Product Advisor Provides More Effective, Efficient Income AssessmentsMCLEAN, Va., Sept. 18, 2019 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB ... |
What is included in settlement costs?
Settlement costs, also called settlement fees or closing costs, are the various costs associated with the closing of a mortgage. This can include discount points, an appraisal fee, title search and insurance, taxes, survey, deed recording fee, credit report charge, and more. Prior ...
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MCLEAN, Va., Sept. 05, 2019 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) rate averaged 3.49 percent, the ... |
The average U.S. rate for a 30-year fixed mortgage fell to another three-year ...
A mortgage is a loan from a financial institution that lets you purchase a house without paying the entire amount upfront. A mortgage is secured by the home itself, so the bank can sell the home and recoup the money ...
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