Remove Closing costs Remove Finance Remove Fixed-rate mortgage
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Black Friday deals on a new home? Here you go

Housing Wire

Chicago’s offerings include doorbuster deals on Quick Move-In homes, which reduce pricing up to $93,850 if the home closes this year. Buyers using this incentive can qualify for either a 3/2/1 rate buydown on a 30-year FHA Fixed-rate Mortgage or a 3/2/1 rate buydown on a 30-year conventional fixed-rate mortgage.

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Top 5 mortgage terms to know before you buy a house

Housing Wire

Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Fixed-rate mortgage. There are two types of mortgages: fixed-rate and adjustable-rate. Fixed-rate mortgages have a set interest rate for the entirety of the loan.

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Mortgage rates inched up ahead of inflation reading

Housing Wire

Mortgage rates ticked up this week as the 10-year Treasury yield made its way back above 4%. The 30-year fixed-rate mortgage averaged 6.66% as of Jan. 11, a slight increase from last week’s 6.62%, according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.

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Tired of renting? 6 signs you’re ready to buy your first home

Housing Wire

A monthly mortgage, on the other hand, doesn’t usually increase for homeowners with fixed-rate mortgages. How are your finances? Not to mention, if your finances are solid, you’ll be able to afford all those extra housing expenses. Your Income Is Stable. You’re Actively Paying Down Debt. You Have Savings.

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Wells Fargo’s new down payment grant program offers $10K to eligible buyers

Housing Wire

The grant funds can only be used toward the down payment on a Wells Fargo fixed-rate conventional loan secured by a property that will be the purchaser’s primary residence. Mortgage , and/or Closing Cost Credit. One of the biggest barriers to achieving homeownership is coming up with the down payment.”

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Rocket launches program to lower first-year mortgage payments

Housing Wire

UWM announced that its temporary rate buydowns – fueled by seller concessions – would reduce borrowers’ interest rates by up to 2% for the first two years of a mortgage. Rocket said that a homebuyer with a $400,000, 30-year fixed rate mortgage with 5.75% interest would generally pay about $2,334 in principal and interest.

Mortgages 418
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UWM offers legal support to brokers, accuses Rocket of ‘connections’ with Hunterbrook report

Housing Wire

O n April 2, Hunterbrook Media reported that over 8,600 loan officers at independent brokerages sent UWM more than 99% of their mortgages in 2023, more than double the number of partners sending 99% of their loans to the lender in 2020. In response, the company said its average rate for the $97.6