{"id":5,"date":"2026-08-31T16:00:00","date_gmt":"2026-08-31T16:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/realestate360-realtor\/2026\/08\/31\/seniority-tax-can-raise-refinance-costs-mortgage-rates-may-affect-your-buying-power-the-real-estate-market-is-cooling-adjustable-rate-mortgage-arm-as-an-option\/"},"modified":"2026-08-31T16:00:00","modified_gmt":"2026-08-31T16:00:00","slug":"seniority-tax-can-raise-refinance-costs-mortgage-rates-may-affect-your-buying-power-the-real-estate-market-is-cooling-adjustable-rate-mortgage-arm-as-an-option","status":"publish","type":"post","link":"https:\/\/www.realestate360.realtor\/blog\/2026\/08\/31\/seniority-tax-can-raise-refinance-costs-mortgage-rates-may-affect-your-buying-power-the-real-estate-market-is-cooling-adjustable-rate-mortgage-arm-as-an-option\/","title":{"rendered":"Seniority Tax Can Raise Refinance Costs | Mortgage Rates may affect your Buying Power. The Real Estate Market is Cooling. Adjustable Rate Mortgage (ARM) as an Option."},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\"\n                src=\"https:\/\/www.roomvu.com\/agent\/embed\/aubrey-a-hamid-653013\/seniority-tax-refinancing-remotion-videos-4429\"\n                frameborder=\"0\"\n                allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\"\n                allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>A watchdog report found ~80% of US refinance applicants age 55+ paid above the best market rates, averaging ~$2.4K extra yearly versus younger borrowers.<br \/>\nOver an avg. 8-yr period, that hidden markup totaled ~$19K, and a new 30-yr reset could push lifetime added costs above $52K.<br \/>\nIn a sluggish US housing market, lenders leaned harder on refinancing revenue, while older owners with strong equity became prime targets for cash-out pitches.<br \/>\nFor older Americans on fixed incomes, an extra ~$2.4K in yearly interest can strain retirement budgets and reduce equity that might otherwise support heirs.<br \/>\nRefinancing can still help when lowering costs or covering medical or home updates, but experts urged checking senders and comparing at least three lenders.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A watchdog report found ~80% of US refinance applicants age 55+ paid above the best market rates, averaging ~$2.4K extra yearly versus younger borrowers. Over an avg. 8-yr period, that hidden markup totaled ~$19K, and a new 30-yr reset could push lifetime added costs above $52K. In a sluggish US housing market, lenders leaned harder [&hellip;]<\/p>\n","protected":false},"author":327,"featured_media":36,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.realestate360.realtor\/blog\/wp-json\/wp\/v2\/posts\/5","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realestate360.realtor\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realestate360.realtor\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestate360.realtor\/blog\/wp-json\/wp\/v2\/users\/327"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestate360.realtor\/blog\/wp-json\/wp\/v2\/comments?post=5"}],"version-history":[{"count":0,"href":"https:\/\/www.realestate360.realtor\/blog\/wp-json\/wp\/v2\/posts\/5\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realestate360.realtor\/blog\/wp-json\/wp\/v2\/media\/36"}],"wp:attachment":[{"href":"https:\/\/www.realestate360.realtor\/blog\/wp-json\/wp\/v2\/media?parent=5"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realestate360.realtor\/blog\/wp-json\/wp\/v2\/categories?post=5"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realestate360.realtor\/blog\/wp-json\/wp\/v2\/tags?post=5"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}