06Aug

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Mortgage Rates Drop in August 2024

Introduction: As we move through August, many homeowners are reevaluating their financial strategies in light of current economic conditions. One option that stands out is refinancing your home. With rising credit card debt and favorable mortgage rates, refinancing now could...

02Aug

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Top Reasons why Consumers are still Refinancing their...

BRIAN BIRK | 4-MINUTE READ Even if mortgage rates are rising, there can be a variety of reasons why a consumer might choose to refinance their mortgage. Here are a few: Switch from an Adjustable-Rate Mortgage (ARM) to a Fixed-Rate...

19Apr

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The highest interest rates occurred in the 1980’s

Today's interest rates compared to the 1980's The highest mortgage interest rates in the United States occurred in the early 1980s. In 1981, the average interest rate for a 30-year fixed-rate mortgage was around 18%, which is significantly higher than...