With mortgage interest rates at historical lows in recent months, homes are flying off the market and millions of Americans are becoming first-time homeowners. For most, their home will be the most.
The U.S. mortgage market saw a brief (and probably temporary) spike in refinance activity earlier this month as homeowners looked to take advantage of a decline in mortgage rates..
When it comes time to start shopping for a mortgage, it's often a 30-year loan that comes to mind. After all, nearly 90% of homebuyers choose a 30-year fixed-rate loan, according to Freddie Mac. But.
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