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This home-buying strategy could come back in style as mortgage rates rise – "If I pay for points, I’ll have a higher balance, but at a lower rate of interest." Get out that calculator and compare your monthly savings over the life of the loan. That’s because the additional.
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Refinance rates move lower for Friday – At the current average rate, you’ll pay $499.58 per month in principal and interest for every $100,000 you borrow. That’s down $1.18 from what it would have been last week. You can use Bankrate’s.
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Adjustable-Rate Mortgage – ARM – If you’re considering an adjustable-rate mortgage, you can compare different types of ARMs using a mortgage calculator. At the close of the fixed-rate period, ARM interest rates increase or decrease.