Business News

The 'Silver Tsunami' Meets 'Golden Handcuffs' as Past Low Mortgage Rates Lock in Homeowners — Whether They Like It or Not

The resulting lower supply of homes, and population growth outpacing construction, has led to a 7.2 million home shortage.

Business News

I Got a 2.5% Mortgage Rate Last Year When Everyone Else Was Getting 6%. It's Saving Us $40,000 and Helping Pay Off My Medical Bills for Cancer Treatment.

Getting an assumable mortgage takes time and patience, but it is possible to snag a much lower rate.

Business News

Home Prices Are Sky-High in California and New York — But People in Another State Have to Save the Longest to Buy

Soaring mortgage rates amid inflation have kept prospective buyers across the U.S. at bay.

Business News

Some Lenders Are Offering 'Buy Now, Refinance Later At No Cost' Deals — But Is There a Catch?

Soaring mortgage rates have priced buyers out of the market, but some experts are saying to buy now and refinance later. Is it really that easy? Here's what to know.

Business News

The Inability to Afford a Down Payment Is Why Renters Keep Renting, According to a New Report from the Federal Reserve

Only 63% of respondents said they could cover a $400 emergency expense.

Business News

Here's Where Average Monthly Mortgage Payments Are The Lowest in The U.S.

Depending on where you live, your monthly mortgage payment can be as low as $1,700 — or as high as $3,600.

Business News

Some Banks Lost An Average of $301 on Every Mortgage Financed in 2022

Mortgage companies financed about $2.6 billion worth of mortgages per company in 2022, marking a steep decline from $4.9 billion in 2021.

Business News

The Housing Recession Could Be Over, Some Economists Say

Mortgage applications increased by 3% last week as home prices continue to decline.

Business News

Housing Is Less Affordable Now Than at the Peak of the 2008 Housing Bubble

New data found that the average American would need to spend 42.9% of their income to afford a median-priced house.

Debt / Loans / Refinancing

How to Rebuild Credit After Bankruptcy

Rebuilding credit after bankruptcy as an entrepreneur can be challenging — but it is not impossible if you know how.

Business News

Declining Mortgage Rates Spark Uptick in Interest from Would-Be Homebuyers

Mortgage applications are up about 25% from the end of 2022.

Business News

Mortgage Interest Rates Fall to Lowest Level Since September, Mortgage Demand Rises

For the third week in a row, mortgage interest rates fell, triggering a 7% increase in mortgage applications.