Calif., she refinanced in 2016 with a 2.9% mortgage. When she inherited half of her mother’s home in 2022 after all the upheavals in the housing market in the intervening years, average rates were nearing 6%, and owning a sub-3% fixed rate mortgage was like owning a...
Keep in mind a mortgage refinance does come with closing costs and lender fees, but many lenders allow borrowers to roll these costs into the new loan, so they do not have to pay money out of pocket at closing. After factoring in loan fees, determine ifrefinancing could significantly reduce...
Good/bad bank, rescue package, TARP, all of that is just putting more capital at risk in the hopes that some other capital in the future will provide the necessary “exit” or “refinance” to either create private sector returns or repay taxpayer money to the Treasury. Same old same old...