NEWS: Mortgage rates are at three-year lows — here are 5 questions to ask yourself before you refinance your mortgage

Jacob Passy February 12, 2020 The average rate for a 30-year fixed-rate mortgage now stands at 3.45%, the lowest since 2016 Mortgage rates are resting near record lows — and that’s spurring a wave of refinancing activity as Americans look to take advantage of the savings a cheaper interest rate could bring. Refinance loan volume…
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NEWS: 9 million homeowners could save big time on a mortgage refinance as rates hit 3-year low

Diana Olick January 31, 2020 Millions of borrowers can now save big on a mortgage finance as rates have hit the lowest level in more than three years. The average rate on the 30-year fixed mortgage just hit 3.49%, according to a survey by Mortgage News Daily, matching the lowest level since October 2016. That’s…
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National Mortgage Professional Magazine’s Top Mortgage Employers

Mid-Island Mortgage is once again proud to be named one of National Mortgage Professional Magazine’s Top Mortgage Employers. Check out the details at:
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NEWS: Study Finds Millennials Overwhelmed With Homebuying Process

Phil Hall January 27, 2020 Three out of four Millennials believe that being a first-time homebuyer is an overwhelming process, according to TD Bank’s First-Time Homebuyer Pulse. But despite the emotional exhaustiveness, 68 percent of this demographic feel it’s a good time to buy a home and 52 percent said they were actively searching home listings…
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NEWS: MBA Chart of the Week: Mobility Rates and Reasons for Moving

Edward Seiler January 17, 2020 This week’s MBA Chart of the Week examines the reasons why fewer Americans are moving. The U.S. mobility rate, defined as the number of movers as a percentage of the population, has steadily declined since the mid-1980s, and the most recent U.S. Census Bureau data show that less than 10…
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Another Great Closing at Mid-Island Mortgage

VP, Sales Stephanie Santoro (center in yellow) provided the perfect mortgage for the Scotts as they bought their first home in Farmingdale, NY. Also playing critical roles were the Scotts’ realtors Lisa O’Donnell (left) and Anita Watterson (back) of Exit Realty Dreams in Massapequa as well as attorney Vincent Cella (right).
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