Refinancing

With mortgage rates falling for the fifth consecutive week, newer homeowners who locked in higher rates are looking for ways to reduce their monthly mortgage costs — and they’re doing so by refinancing in flock-like numbers. What Happened: Applications to refinance a home loan jumped 6...

Mortgage rates dropped significantly last week as a result of U.S. Bureau of Labor Statistics statistics that showed inflation had slowed in October, which is a boon for potential home buyers. According to Freddie Mac, the 30-year fixed rate average dropped by 47 basis points, from 7.08%...

Rocket Mortgage continues to grow its product through partnerships with mortgage brokers and users outside its existing customer base. What Happened: Rocket Companies (NYSE: RKT) and Mint, an Intuit Inc (NASDAQ: INTU) company, announced a partnership Wednesday to bring the Rocket Mortgage platform...

The average rate on the key 30-year fixed rate mortgage fell to 2.98%, the lowest rate available in over 50 years, mortgage buyer Freddie Mac said Thursday. What Happened: Mortgage rates are often tied to government bonds. Along with low interest rates, yields on the 10-year Treasury note have...

Mortgage interest rates are at historic lows. If you’re in the market to buy a home, this is great news. A lower interest rate means a lower monthly mortgage payment, resulting in you being able to buy more house for your money. If you already own a home, low interest rates bring more...

Owning your home comes with many great benefits. It certainly is the biggest asset for most people. Building equity through appreciated value is a lot like having a savings account — savings that are available to you as a cash-out refinance. This is nothing new; homeowners have always been...

While Benzinga mostly covers actionable trading ideas and news stories, we've decided to delve a bit deeper into personal finance. The team at Benzinga would like to assist readers with not just their investing endeavors, but their financial lives as a whole. And today, we continue this effort...