Shigeru Ban-Designed Home in Sagaponack, NY is the Prized Architect’s Only Project in the Area

Many million dollar homes come with name-bragging rights. Sometimes, it’s because a celebrity once lived in the house, or because a famous designer left its touch on the home’s interiors; or maybe the address itself is well-known, for one reason or another. But there’s a whole other level of name dropping that comes with owning More

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Strong residential activity pushes US construction spending

Spending on construction projects has continued to climb in the US as the COVID-driven housing boom continues into 2021. A report from the US Commerce Department released Monday showed strong demand and ultra-low mortgage rates pushed US construction spending up by 0.9% to an annual rate of $1.459 trillion in November. The increase followed a…

Could 2021 be the year of consolidation in mortgage lending?

The record year of volume enjoyed by the whole of the mortgage industry may have fundamentally changed the mortgage landscape. On top of record profitability and huge revenues enjoyed thanks to the current low-rate environment, lenders have built huge cash reserves and many have accessed public capital through wildly popular IPOs and SPAC offerings. The…

Why Refinance Rates Are Higher Than Purchase Loan Rates

Mortgage interest rates dropped dramatically over the summer, to the point where home loans have never been cheaper in most of our adult lifetimes. With rates at historic lows, you might’ve considered taking advantage of them, either by purchasing a new home or refinancing your current mortgage. Recent figures from Freddie Mac show that mortgage

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Why You Need to Open a UGMA/UTMA Account for Your Kids

Saving and investing for college expenses may seem overwhelming, but setting aside even small amounts can give your child a head start. While many people are aware of tax-efficient investing accounts like 529 plans, you may not know about UGMA/UTMA accounts – another way to save for educational and other expenses.

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The post Why You Need to Open a UGMA/UTMA Account for Your Kids appeared first on MintLife Blog.

Mortgage Rates vs. the Coronavirus: We Might Test New All-Time Lows

Mortgage rates can be pretty volatile. Just like stocks, they can change daily depending on what’s happening in the economy. Beyond that, mortgage rates can move based on news that doesn’t involve a report on the economic calendar, such as a jobs report, GDP, housing starts, inflation, etc. Even if there isn’t a direct financial [&hellip

The post Mortgage Rates vs. the Coronavirus: We Might Test New All-Time Lows first appeared on The Truth About Mortgage.