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The latest on home values: Two more markets join the ranks of the fully recovered... is yours one of them?

The latest on home values: Two more markets join the ranks of the fully recovered... is yours one of them?

What mortgage rates is the Federal Reserve offering?

The Federal Reserve doesn't set mortgage rates. Federal Reserve policies do influence the overall price of money in the marketplace as they manipulate the Federal Funds and Discount rates. The Federal Funds rate (an interest rate on overnight loans made between banks) -- and the Discount rate (a bank's cost of borrowing money from the Federal Reserve directly) both serve to increase or decrease a bank's costs of borrowing money to lend. Mortgage rates are a different story, though, anc a much more complex one. To gain a working understanding, you should read the article present in the 'recommended reading' section below.

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Keith Gumbinger
Keith Gumbinger
Mortgage Expert
Vice President, HSH.com
About Keith: Mortgage market observer and analyst with 35 years experience... (more)
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Q: Can I get forbearance for my mortgage?
MAY 19, 2020
A:

The answer is "possibly." It depends on the situation.

Read More
Q: Is mortgage insurance tax deductible?
JAN 08, 2020
A:

Tax deductibility for PMI premiums or MI premiums for FHA loans has been an on-again, off-again kind of thing. For 2019 and 2020, it's back on.

Read More
Q: How many times can I use my VA home loan?
OCT 31, 2019
A:

There are three ways you can restore your VA eligibility so that you can take advantage of it more than once.

Read More
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