Personal Finance Advice and Commentary

Monday, July 25, 2016 1:13 pm
By Holden Lewis · Bankrate.com

Housing is unaffordable for too many people, and government can help, according to the Democratic Party’s platform.

Sunday, July 24, 2016 6:00 pm
By Holden Lewis · Bankrate.com

It’s still a seller’s market out there in most places. So rejoice if you’re selling a house, and feel a bit apprehensive if you’re trying to find a house to buy.

Wednesday, July 20, 2016 6:12 pm
By Holden Lewis · Bankrate.com

Chinese buyers are the most prolific by far, according to the National Association of Realtors. From April 2015 to March this year, Chinese buyers spent more on American homes than the next 4 countries combined.

Wednesday, July 13, 2016 11:51 pm
By Holden Lewis · Bankrate.com

Mortgage rates have fallen to near record lows since last month’s Brexit vote, and many homeowners are refinancing. There’s more than just 1 way to refinance. Here are some of your options.

Monday, July 11, 2016 4:43 pm
By Holden Lewis · Bankrate.com

A reader named Oscar notices that mortgage rates are near all-time lows. He asks: Mr. Lewis, what about people with less than a year-old loan — a 30-year fixed at 4%? Probably refinancing at 3.25%. Would it be worth the time on line in the bank? That’s a $174 monthly payment difference. Based on what

Friday, July 08, 2016 11:47 am
By Holden Lewis · Bankrate.com

Home-shoppers, be cheerful: Job growth in June was surprisingly high, but the news hasn’t had much effect on mortgage rates. They’re staying near record lows. Read this week’s mortgage analysis, in which the 30-year-fixed fell to just shy of its all-time low at 3.52%. RATE SEARCH: Ready to shop for a mortgage? Find the best

Thursday, July 07, 2016 3:37 pm
By Holden Lewis · Bankrate.com

A word of caution to people who have are in the process of getting a mortgage and haven’t locked a rate: The June employment report comes out Friday morning, and it could affect mortgage rates. I’m not saying it will, but it could. RATE SEARCH: Shop today for a mortgage. Mortgages could rise With mortgage

Wednesday, July 06, 2016 11:35 am
By Holden Lewis · Bankrate.com

The 30-year, fixed-rate mortgage fell this week to just above its all-time lowest level. And people already are taking advantage, flooding mortgage companies with refinance applications. The benchmark 30-year fixed averaged 3.52% this week. The record low is 3.5%, set in December 2012. I’m betting that it will go even lower. At the same time,

Wednesday, July 06, 2016 11:25 am
By Holden Lewis · Bankrate.com

Mortgage rates are at or near record lows. It’s a good time to refinance a mortgage, especially if you got your mortgage more than 5 years ago and you haven’t refinanced since then. Mortgage rates have fallen along with the yield on the 10-year Treasury note, which fell to its lowest-ever level Tuesday, to 1.367%,

Wednesday, June 29, 2016 4:47 pm
By Holden Lewis · Bankrate.com

Lenders say they have seen an increase in refinance applications since the United Kingdom voted to exit the European Union.

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