With the Fed keeping interest rates unchanged for now, here’s how a potential rate hike can affect the housing market and the economy.
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Good News, Bad News – Replacing LIBOR
LIBOR, the index for setting loan rates for reverse and ARM mortgages, is to be replaced by 2021… so what comes next?
Read More »The Impact of Fed Rate Hikes on Homeowners
On Wednesday, The Fed raised rates for the second time this year. How will the latest hike impact homeowners who are applying for HELOCs? Experts weigh in.
Read More »FHA Revises Rules Regarding Prepayments, ARMs
The Federal Housing Administration (FHA) announced on August 25 the passing of two new rules – one that prohibits lenders from charging interest on FHA-insured mortgages that are paid in full and one that requires lenders to give borrowers earlier access to information regarding FHA-insured ARMs.
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