Lenders Saying ‘No’ to a Refinance
Weeks before the recent half point Fed overnight rate reduction, some homeowners were lining up to take advantage of lower mortgage interest rates. As of mid-September, nearly 47% of the new mortgage loans were homeowners refinancing an existing loan. Homeowners with higher rate mortgages are anxious for more rate drops so they can refinance and […]
Why It’s So Hard to Feel Rich
There has been a recent boom in the number of wealthy people in the United States. The Covid real estate bump and soaring stock market has added to that wealth. Being a millionaire may not buy as much as it did 20 years ago, but it’s still an admirable threshold of wealth. In spite of […]
