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Despite the volatile mortgage rate environment and overall economic uncertainty, homebuilder confidence slowly continues to rise, according to the National Association of Home Builders (NAHB)/Wells Fargo HousingMarket Index (HMI) report, released Wednesday.
As existing home inventory continues to fall, builder confidence is on the rise, according to the National Association of Home Builders (NAHB)/Wells Fargo HousingMarket Index (HMI) report, released Monday. Builders note that additional declines in mortgage rates, to below 6%, will price-in further demand for housing.
Refinancing could potentially lower your monthly payments , allow you to consolidate debt, speed up the payoff process for your mortgage, eliminate your private mortgage insurance (PMI) and put more cash in your pocket. Refinancing can make your mortgage more affordable and help you meet your financial obligations.
Fortunately, recent innovations in mortgage technology are making homeownership more accessible to military families, and typically, it is independent mortgage bankers and credit unions that specialize in serving military borrowers that are leading the way. At the very least, it can lead to higher rates and less favorable loan terms.
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