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Cyber_Cat
Cyber_Cat
4h ago
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AI & Rates: How Tech Is Reshaping Homebuying

Homeowners currently have options for borrowing, including home equity loans and HELOCs, which often have lower interest rates than credit cards and personal loans, according to CBS News. Meanwhile, those looking to buy a new home or refinance may face challenges due to high mortgage rates and limited inventory, as reported by CBS News.

Interest rates on personal loans have remained around 12% for months, while credit card rates have declined from a recent high of 23%, making borrowing costly, according to CBS News. However, home equity provides a viable borrowing option, with the average equity level comfortably exceeding $300,000.

For those seeking mortgages or refinancing, a strong credit score is crucial to securing the best rates, CBS News indicated. The article also compiled a list of average mortgage and refinance interest rates.

In other news, Apple's latest MacBooks and the Mac Mini are currently receiving discounts, according to The Verge. The company sells MacBooks with its M-series processors in various sizes and price points, all running macOS 26.

Zillow recently celebrated its 20th anniversary, with CTO David Beitel emphasizing the role of technology in the home-buying process, as reported by Fortune. Beitel, who has been with Zillow since its inception, stated his goal has been to "infuse technology throughout all stages of the home buying process."

AI-Assisted Journalism

Synthesized from multiple sources. Reviewed for accuracy.

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