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Homeowners refinancing, paying down big mortgages
Cash-conscious American homeowners are tightening their belts, refinancing mortgages at record low rates and paying down hefty amounts of debt, experts say. A new survey by Freddie Mac reported that 84 percent of homeowners who refinanced their first-lien home mortgage in the fourth quarter of …Read More
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2013 predictions: Healing market, continued low rates
It’s time to gaze into the crystal ball and see what is forecast for the housing market in the New Year. With a residential revival already under way in the Chicago area, housing analysts are looking forward with optimism to 2013. “The last few months …Read More
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Holiday gift: Mortgage rates continue their slide
Home buyers and families seeking to refinance a high-rate mortgage are receiving a holiday gift: the lowest home-loan interest rates since their grandparents were borrowers, experts say. In late November, autumn mortgage hunters saw benchmark 30-year fixed-rate loans hit an average of 3.31 percent, the …Read More
