Bad news! Home loans, car loans to cost more as RBI hikes repo rate by 25 bps; Here’s how you will get impacted – the existing home loan borrowers – if they are on MCLR – will continue to repay their loans at older interest rates till their next loan reset dates. “Once they cross their reset date, they should.
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Mortgage rate plunge lowers a no-cost, 30-year fixed refi to 3.9% – The 15-year fixed rate averaged 3.57 percent, down 14 basis points from last week. The Mortgage Bankers Association reported. for homeowners thinking of consolidating their higher interest rate.
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