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This free mortgage calculator is – a home loan calculating tool that automatically determines the effect of a change in one of the variables in a mortgage agreement. The variables taken into consideration are namely, property purchase price, downpayment, loan term, interest rate and date of first payment.
Mortgage rates have been in a five-week skid, but some observers expect the downturn is about to halt. About a third of the experts surveyed by Bankrate.com, which puts out a weekly mortgage rate.
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[Lenders make it easier for first-time buyers to obtain mortgages] Bankrate.com, which puts out a weekly mortgage rate trend index, found the experts it surveyed were almost equally divided on where.