Mortgage

Personal Finance

Here's how much you need to earn to afford a home today

Based on the current interest rate of 7.22%, here's how much homebuyers today would need to earn in order to purchase a home, and how much of a down payment they would need to save.

Personal Finance

Today's mortgage rates rise for both 15- and 30-year terms | May 20, 2024

Mortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.

4 key strategies for homebuyers in today’s challenging market

Prospective buyers face a challenging landscape characterized by high mortgage rates, limited housing inventory and escalating home prices. Here's how to sort through all that.

Today's 15- and 30-year mortgage rates hold steady | May 17, 2024

Mortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.

Real estate mogul cautions about avoidable mistake when buying a home, explains how to avoid 'drowning'

Real estate mogul Shawn Meaike explained what young Americans should think about when buying their first home and how to avoid being "shackled" to a house.

Economy

Mortgage rates drop for second straight week to 7.02%

Mortgage rates are down for the second week in a row, with the 30-year fixed rate averaging 7.02% and the 15-year note falling to 6.28% as the housing affordability crisis drags on.

Today's 15- and 30-year mortgage rates plummet | May 16, 2024

Mortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.

Today's 15- and 30-year mortgage rates hold steady | May 15, 2024

Mortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.

Economy

Americans are carrying a record amount of household debt

New York Federal Reserve data released Tuesday shows household debt hit a fresh record in the first quarter of 2024 amid a surge in mortgage balances.

Today's 15- and 30-year mortgage rates edge down | May 14, 2024

Mortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.

Today's 15- and 30-year mortgage rates hold steady | May 13, 2024

Mortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.

Today's 15- and 30-year mortgage rates rise | May 10, 2024

Mortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.

Economy

Percentage of US mortgages considered 'seriously underwater' rises

ATTOM report finds that the share of residential mortgages considered "seriously underwater" rose in Q1 2024, while "equity-rich" mortgages declined for the third straight quarter.

Economy

Mortgage rates tick down to 7.09%

The average rate for a 30-year fixed-rate mortgage declined this week for the first time since March to 7.09% as home affordability continues to stifle the housing market.

Today's 15-year mortgage rates rise, while 30-year terms hold steady | May 9, 2024

Mortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.

Today's 30-year mortgage rates fall, while 15-year terms hold steady | May 8, 2024

Mortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.

There are now 550 US cities where the typical home value is $1 million or more

California and New York have the largest share of million-dollar homes, making up most of the 550 cities with high home values.

Today's 15-year mortgage rates fall, while 30-year terms hold steady | May 7, 2024

Mortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.

More homebuyers are paying discount points as interest rates continue to rise

Borrowers with lower credit scores and FHA loans often turn to discount points more frequently than other groups.

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