For Rich, Mortgages Are Cheaper And Easier

Big pocketed borrowers are paying lower average rates on jumbo loans and lenders are now requiring down payments of just 10% -- and, in some cases, waiving the mortgage insurance, too.

BING NEWS:
  • Mortgage Rates Keep Rising, Hitting Highest Level Since November
    Rates on 30-year mortgages have jumped almost a quarter point higher since Monday, after climbing last week as well. Rates are now at their most expensive in five months.
    04/17/2024 - 5:20 am | View Link
  • 30-Year Mortgage Rates Jump to 5-Month High
    Rates on 30-year mortgages shot almost two-tenths of a point higher, rising to their most expensive level since late November. Rates were up for almost all loan types.
    04/16/2024 - 3:20 am | View Link
  • 10 Steps That Make You Filthy-Rich
    It means finding a cheaper alternative when money is tight. In these ways, creativity plays a large role in keeping finances in order. Having curiosity helps you learn, study and improve yourself.
    04/13/2024 - 1:00 pm | View Link
  • ‘We earn £160,000 – but feel like we’re just getting by’
    A six-figure salary once meant financial freedom and a desirable lifestyle. But even being on such a high salary, in the top 5pc of earners, does not stop many families from living month-to-month, ...
    04/12/2024 - 6:00 pm | View Link
  • Will a mortgage rate spike squash home price hikes?
    “The CPI came in hotter than I expected. The Fed won’t ease until the fall with two rate drops,” predicted Mark Zandi, the chief economist at Moody’s Analytics. “Mortgage rates are close to 7% now.
    04/11/2024 - 1:59 pm | View Link
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