Tag: homeowners
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What Homeowners Need to Know Before Refinancing
With mortgage rates hovering near three percent, experts say there are still a number of homeowners who could benefit from refinancing. In fact, borrowers who refinanced in 2020 to lower their mortgage rate saved over $2,800 in mortgage payments annually, according to the latest Freddie Mac research.
Hot housing market fuels a rise in homeowners’ equity
The red-hot U.S. housing market is paying off for many homeowners, even those who aren’t looking to sell their home. On average, homes with a mortgage gained $26,300 in equity in the last three months of 2020 versus a year earlier, according to real estate information company CoreLogic. That average gain is the highest since 2013, the firm said. CoreLogic said homes with a mortgage account for about 62% of all U.S. properties. Taken together, the home equity for those properties surged to more than $1.5 trillion, an increase of 16.2% from a year earlier. T
How to Bring Comfort and Style to Your Outdoor Space
Whether it’s uncomfortable furniture or utilitarian light fixtures, you’re probably used to making some concessions when it comes to comfort, style and convenience in your home’s outdoor spaces.
