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This week, we rounded up data initially compiled by John Burns Real Estate Consulting to help you understand what’s going on out there.
I understand if that subhead made your eyes glaze over, but it’s still good to know: as the return on Treasury bonds decrease, mortgage rates usually do, too.
If you get a letter in the mail or an email telling you that your mortgage has been sold to another company, don’t panic! It’s a totally normal practice in the mortgage industry, and aside from changing who you send your payments to, it rarely means anything for the terms of your loan.
Carrying mortgage debt can be a burden, but it’s generally seen as good debt to have, and tends to be relatively low-interest.
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