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Prospect of Fed Rate Hikes Heats Up Mortgage Market

Investing.com - Mortgage rates haven't moved much this year but expectations of Federal Reserve interest rate hikes are prompting homebuyers to lock in loans.Mortgage applications have posted solid gains in the past two weeks, according to an industry trade group.Even though mortgage rates are still relatively low on a historical basis, analysts say consumers often make decisions in anticipation of future rate increases.The Federal Reserve is expected to raise official interest rates two to three times this year, continuing a cycle that started in 2015. Over the past 12 months, the rate on a 30 year mortgage averaged 4.14%, but recently touched its highest level since March of last year.Rates are expected to peak between 4.5% and 4.7% in 2018. The high end would be the highest in seven years.Higher borrowing costs may discourage some potential buyers, who already face rising prices because of the relatively low supply of homes.

Author: avatarinvesting
Tags:
Posted: 19 January 2018

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Siblings Surprise Mom by Paying Off Mortgage

Three siblings in Texas surprised their mother for Christmas by paying off the rest of her home mortgage in Sugar Land, a suburb just outside of Houston.

Bahran Embaye captured a video of the moment he and his siblings told their mother, Nigisti Asgedom, about the surprise and her emotional reaction, and shared it on Facebook afterwards.

Embaye said, “If you know my mom you know she deserves the world, when she’s dealt a bad hand she takes it in stride and thanks god…for Christmas me my brother and sister decided to pay the remaining balance on our childhood home that she works 2 jobs, 12 hrs a day to pay for just to pass down to us…now she can enjoy being a grandma, and relax.” Credit: Facebook/Bahran Embaye via Storyful


Author: avatarstoryfulviral
Tags: news viral storyful
Posted: 03 January 2018

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Son Pays Off Parents' Mortgage for Christmas

21-year-old Pavin Smith was the seventh overall pick in this year's amateur baseball draft and got a $5 million bonus when he signed with the Arizona Diamondbacks. He used it to give his parents an incredible Christmas gift. Smith's mother and father were brought to tears when he reveals in a heartfelt note that he paid off their mortgage. InsideEdition.com's Mara Montalbano (https://twitter.com/MaraMontalbano) has more.
 

Author: avatarInsideEdition
Tags: home gift parents sports pavin smith love thanks paid inside edition baseball arizona cat-inspirational diamondbacks athlete mlb debt news christmas mortgage crying son tears draft present ie heartwarming surprise
Posted: 26 December 2017

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Mortgage Guru LLC

Mortgage Guru, LLC is a home loan for an amount that exceeds confirming loan limits. It helps us to chase unqualified mortgage leads in Texas. For More info: https://mortgagegurullc.com/

Author: avatarmortgageguru79
Tags: Mortgage Leads Exclusive Mortgage Leads Buy Mortgage Leads
Posted: 28 December 2017

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Diamondback's draft pick surprises parents by paying mortgage

The first round draft pick by the Arizona Diamondbacks surprised his parents on christmas by paying off his parent's mortgage.

Author: avatarabc15com
Tags:
Posted: 27 December 2017

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