Sentences with phrase «means higher mortgage rates»

Sure, it can be lucrative to open new cards for hefty sign - up bonuses, but that could also mean a higher mortgage rate.

It would signal a switch in the Fed's priority from worrying about low growth to worrying about rising inflation; and if they are right, that could very well mean higher mortgage rates.

«It's not exactly one - for - one, but if you look historically week - to - week, the correlation is super high, so an increase in the 10 - year yield is going to mean higher mortgage rates in all likelihood.»

If you're a homeowner with a variable rate mortgage, it will mean higher mortgage rates right away.

There is wide agreement that the removal of this support will mean higher mortgage rates, which could hit housing prices and sales hard.

If you're a homeowner with a variable rate mortgage, it will mean higher mortgage rates right away.

Not exact matches

The reason average Americans should care about the «taper» is that higher interest rates on bonds also means higher interest rates on things like mortgages.

«(With an alternative lender), the interest rates are higher, the qualifying rate is higher than if you were going with a traditional bank and they are going to charge one per cent of the mortgage amount (as a lender's fee) for closing, so that means your closing costs increase.»

The combination of higher home prices and a higher mortgage interest rate means that waiting could cost you.

The low level of interest rates means that even though debt levels are higher, the share of household income devoted to paying mortgage interest is lower than it has been for some time.

Exceeding that figure means either a higher mortgage rate, or in the worst case, a denial.

If you're spending beyond your means, or have a lot of high - interest debt, then there is a chance of less likely to qualify for the lowest rates on a mortgage.

If you have the means, you should definitely consider paying off your mortgage early, especially if your interest rate is on the high end and don't have other investment strategies in place.

Paying one point means higher costs, but a lower mortgage rate of 3.61 %.

In that space, we know that the new rules mean you need to be much more qualified to have that mortgage today than before the rules went into place, so there is a cushion in there where you can tolerate a higher rate of interest and so on because you have been tested against it.

Our reviews of the biggest mortgage lenders will help you find what you need, whether that means a lower down payment, better interest rate or higher standards of customer service.

That means today's mortgage rates are the highest they've been since the week of July 23.

Today's low mortgage rates plus a deduction usually means investments make a higher return.

This means instead of receiving a 4 % mortgage rate, you may be stuck with a rate of 4.25 % or higher depending on the loan scenario.

While this means more money in your pocket, it also means a larger mortgage balance and possibly a higher monthly payment, depending on the difference between the old rate and the new rate.

And when the Fed wants to clamp down on the economy, it acts to drain money from the system, which means borrowers will likely pay a higher interest rate on mortgages.

A higher credit score could mean lower auto loan interest rates, and approval for other credit items such as mortgages, lines of credit, and personal loans.

As Iacano points out, lower home mortgage interest rates can mean dramatically higher home prices.

«That would mean higher taxes and higher mortgage rates for hardworking people, hitting their living standards,» he added.

Speaking at the 21 st National Banking Conference, organized by the Charted Institute of Bankers, in Accra on Tuesday November 28, 2017, Vice President Bawumia explained that Ghana has one of the highest mortgage - to - income ratios in the world and high interest rates because of the largely informal nature of her economy, and the reforms being undertaken by the Nana Akufo - Addo government are meant to address this challenge.

A higher credit score can save you an enormous amount of money because it usually means a lower mortgage interest rate.

Since this means that the lender of a subordinate loan may lose the entire amount, mortgage companies demand higher rates for second mortgages.

That means today's mortgage rates are the highest they've been since the week of July 23.

Outside of the above two reasons, if you have the means to pay off your credit card balances, it probably makes sense to do so — regardless of whether or not you are applying for a mortgage — simply because credit card rates are so much higher than today's savings account rates.

And when the Fed wants to clamp down on the economy, it acts to drain money from the system, which means borrowers will likely pay a higher interest rate on mortgages.

A «zero - cost» refinance simply means that your lender will charge you a slightly higher interest (often.25 or.50 percent higher than the lowest mortgage interest rate) for the life of your loan in exchange for paying your closing costs.

FHA mortgages, as critics note, now have high delinquency rates, meaning that someone has missed one or more payments.

A major change in mortgage rules on October 17th, 2016 means that people will have to qualify for higher rates when going to a bank.

Cash - out refinancing means moving into a new mortgage with a lower rate but a higher outstanding loan balance and receiving the difference as cash.

If that same young family is also applying for a mortgage, the change in score could mean the difference between qualifying for the best lending rate or a higher «B - lender» rate, he cautions.

Most lenders offer mortgages with several combinations of points and interest rates; generally, more points means a lower interest rate, less points means a higher rate.

Since low interest rates generally go hand - in - hand with a weak economy, why were Treasury yields moving higher, and what might this mean for mortgage rates?

This means an Expected Rate range of 5.29 % to as high as 6.54 % if you were to apply for an Adjustable Rate Reverse Mortgage today.The LIBOR Index is updated on a weekly basis for the Reverse Mortgage Calculator.

This is mainly because the mortgage rate is below 2 % which means the investment rate of return doesn't have to be unrealistically high to be justified.

One option involves getting an Adjustable Rate Mortgage and later locking in as soon as you find the lowest rate, but that also means you would have to pay a higher rate for the time beRate Mortgage and later locking in as soon as you find the lowest rate, but that also means you would have to pay a higher rate for the time berate, but that also means you would have to pay a higher rate for the time berate for the time being.

That means borrowers must be able to qualify for their mortgage using a higher interest rate than they will actually be paying on their mortgage.

Other risks include rising interest rates, which could mean higher mortgage payments, and, if you're paying down the mortgage on the new home out of current earnings, job loss or disability.

It means that those seeking mortgage loans with bad credit are unlikely to secure deals that are affordable, facing higher interest rates and stricter repayment schedules.

If you have the means, you should definitely consider paying off your mortgage early, especially if your interest rate is on the high end and don't have other investment strategies in place.

This means that a mortgage advertised with a low interest rate but high closing costs can end up having a higher APR — and a higher overall cost — than a mortgage for the same amount with a higher advertised interest rate.

This means that when conforming mortgage rates are higher, jumbo rates don't necessarily follow that the same path.

Mortgage approval rates are at their highest levels in years and, with changes meant to help today's borrowers, approval rates are expected to climb.

A low credit score could mean that you won't be able to get a credit card or a loan for a car or a home mortgage, or that the loan you do get will have a higher interest rate.

The rates for our 5/5 ARM are lower than for traditional 30 - year mortgages, which means you can buy more house without a higher payment.

More stringent requirements from lenders and mortgage insurance backers such as the Federal Housing Authority means buyers who come in with a higher down payment are more likely to get approved for a loan or may qualify for a better rate.