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Refinance your mortgage before record low interest rates disappear

Housing volatility may affect rates later in the year. Here's why refinancing your mortgage can now be a smart move. (iStock)There is little that the COVID-19 outbreak has not touched, but homeowners can find relief in the impact of the pandemic on home financing prices and mortgage rates. Even homeowners who bought as late as last year can benefit from it refinance their existing mortgage now. Low prices may not last indefinitely; With uncertainty surrounding the end of the pandemic, the state of the economy and businesses and schools reopening, those considering refinancing their mortgages should act sooner rather than…

Gates and the world empire win big on the Private Jet company’s 196% wave

Photographer: Luke MacGregor / Bloomberg Photographer: Luke MacGregor / Bloomberg The coronavirus crisis has not stopped the world's wealthy from flying - they are increasingly doing so privately, and some are getting oversized returns from it.Bill Gates, Nassef Sawiris, James Packer and Kerry Stokes have amassed more than $ 1.2 billion in the world's largest operator of private jet bases, according to data collected by Bloomberg. The company, Signature Aviation Plc, has recently become the focus of a takeover battle involving Blackstone Group Inc., Carlyle Group Inc. and Global Infrastructure Partners, helping its shares nearly triple since a low in…

Two Texas real estate agents who flew to DC in a private jet and ‘stormed the Capitol’ are charged

Two more Texas real estate agents have been arrested for storming the US Capitol Building after flying into Washington DC with a private jet. Jason Lee Hyland, 37, and Katherine 'Katie' Schwab, 32, were charged on Thursday with disorderly conduct and knowingly entering or staying in a restricted building without lawful authority. The Daily Beast reports. The charges come two weeks after another member of their private jet - 50-year-old Jennifer 'Jenna' Ryan - was also arrested with the same offenses. Ryan documented the group's extravagant trip to DC and shared photos for social media inside the lavish private jet.…

Your mortgage financing can cost thousands more thanks to the new fee

Getty Refinancing is expected to become more expensive in the fall. A new fee, known as the "unfavorable market refinancing fee" (Fannie Mae) or the "market-related credit fee" (Freddie Mac), will be assessed on most refinancing loans sold to Fannie Mae and Freddie Mac, from September 1st. The fee is a flat 0.5% or 50 basis points of the total loan amount and adds hundreds or even thousands of dollars to the cost of refinancing. The new fee comes at a time when mortgage rates are falling to record lows and refinancing activity is increasing. Refinancing activity last week increased…

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