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Mortgages fall to 12-month low – RATES: Mortgage rates fall, potentially helping home sales While Houston-area home sales fell for the third straight month this January, Freddie Mac said the lower mortgage rates should help turn the.

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US long-term mortgage rates slip; 30-year average at 4.06% – WASHINGTON (AP) – U.S. long-term mortgage rates fell slightly this week, marking a fourth straight week of declines to lure prospective purchasers in the spring homebuying season. Mortgage buyer.

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Reverse mortgages are a great way to convert your home equity to cash should the need arise. Available to people 62 years and older, a reverse mortgage allows you to borrow against the value of your home and provide you with the financial resources you need to live comfortably throughout retirement.

Reverse Mortgage Maximum Loan Amount Reverse Mortgage – How Much Can I Borrow – Borrow up to $625,000 with a HECM reverse mortgage. The amount of money you can borrow is dependent on the value of your home, the youngest borrower’s age, the current interest rate, and any.