Should I Pay Down My Mortgage or Invest?

If you find yourself with some extra money – let’s say you got a big tax refund, or received a nice inheritance – then you’ll need to decide what to do with it. If you have a mortgage worth hundreds of thousands of dollars, it may be tempting to put your windfall toward making extra…

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U.S. mortgage rates end year with another decline

U.S. mortgage rates declined again, and have ended the year lower, according to Freddie Mac. The 30-year fixed mortgage averaged 4.55 percent for the week ending Dec. 27, down from 4.62 percent the previous week. A year ago, mortgage rates stood at 3.99 percent. Low mortgage rates had been helping propel U.S. home sales and…

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Mortgage rates retreat

Mortgage rates dropped slightly during the week ending Nov. 1, falling back after increases in the previous period, according to the Primary Mortgage Market Survey released by Freddie Mac. The average rate for 30-year fixed-rate mortgages fell to 4.83%, with an average 0.5 point, from 4.86%. The mortgage averaged 3.94% in the same period in…

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