Mortgage fee changes could hit those with good credit the hardest
Beginning May 1, some people with higher credit scores may actually end up paying a higher fee.
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Beginning May 1, some people with higher credit scores may actually end up paying a higher fee.
Buying a home has traditionally been seen as the smarter financial move. But is that still the case?
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
Rising mortgage rates are shrinking the number of people who can afford to get a home loan.
Mortgage rates rose again this week topping 7% for the first time since 2002.
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
Some housing analysts expect interest rates for conventional home loans to hit double digits by early next year.
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
The gap between what it costs to rent and own has widened this year amid rising mortgage rates.
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
People looking to buy a home or refinance their current mortgage are in luck. Mortgage rates have dropped again, and financial experts say the coronavirus is one of the reasons why.
Need more evidence that the economy is booming? Mortgage rates just topped 5%.
Is the Obama administration failing the housing market? Maybe.
If you're one of the millions of Americans considering refinancing your home, time may be of the essence to take advantage of new programs being offered by the federal government.
