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Tag Archives: ARMs

The Impact of Fed Rate Hikes on Homeowners

Fed Rate

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.

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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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