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ICE Mortgage Monitor for April: Influence of the ‘Locked-In’ Effect Apparent
Intercontinental Exchange Inc., Atlanta, released its Mortgage Monitor Report for April, and the “locked-in effect” was front and center. The report highlighted how for many homeowners, giving up their current rate to purchase an equivalently priced home would result in a 40% increase in principal and interest.
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Fannie Mae: Consumers Worry About Extreme Weather on Homes, Insurance Premiums
Nearly half of Americans surveyed expressed concern about the impact of extreme weather events on their homes--especially about excessive wind and heat--according to Fannie Mae, Washington, D.C.
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Redfin Finds 78% of Baby Boomers Plan to Stay in Current Home as They Age
Redfin, Seattle, conducted a survey to determine Baby Boomers’ plans for where to live as they age. More than three-quarters said they plan to age in their homes.