Browsing Tag:homeowners

Mortgage activity remains neutral as borrowing costs continue to rise and fewer homeowners rush to the still historically low interest rates to refinance their home loans. © RM Nunes / Shutterstock Reluctant homeowners can expect higher refinancing rates With interest rates soaring to their highest level in four months, mortgage demand has stagnated, according to a new...
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Editorial independenceWe want to help you make more informed decisions. Some links on this page - clearly marked - can lead you to an affiliate website and result in us earning a referral commission. For more information, see How We Make Money.The average 30-year fixed-rate mortgage rate fell to 3% last week, a 0.04% decrease from the...
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According to The Money Advice Service, the average duration of the mortgage is 25 years. Shortening the life of a mortgage will be a priority for some homeowners, be it to save money in the long run or to have the security of the repayments made.Whatever the reason, there are a number of tips that borrowers may want...
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Over the past few months, interest rates have been falling due to the economic impact of the COVID-19 crisis.Today Butler Mortgage offers a five-year fixed rate of 1.53% and a five-year variable rate of 1.54%. With falling fixed and variable interest rates, the question is: "Which is the better option, fixed or variable?"The answer is it depends on. ...
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