Business News
Mortgage Rates Hit Their Lowest Level Since 2022. Here’s What That Means for Home Buyers and Sellers.
Mortgage rates have dropped under 6% for the first time since 2022.
By Sherin Shibu
mortgages
Business Accounting
I Couldn’t Afford a Home — Then I Ignored ‘Boomer’ Advice and Bought 3
By Katie Cline
Business News
Mortgage Lenders Are Checking Your LinkedIn to ‘Get a Clearer Picture’ of Potential Borrowers
Some lenders are turning to social media sites to better understand (and fact-check) their applicants.
By Sherin Shibu
Business News
There’s One Week a Year Where Home Sellers Can Get $27,000 More than Usual — And It’s Coming Up Soon
A report from Realtor.com found the one week of the year when market conditions were perfect for home sellers to make the most money from their listings.
By Sherin Shibu
Business News
Barbara Corcoran Says This Is the Interest Rate Magic Number That Will Make the Market ‘Go Ballistic’
Corcoran said she praying for lower interest rates and people are "tired of waiting."
By Sherin Shibu
Business News
Barbara Corcoran Says This Is the One Question to Ask Before Selling Your Home
Barbara Corcoran sold The Corcoran Group in 2001 for $66 million.
By Sherin Shibu
Business News
A Fed Rate Cut Finally Happened For the First Time in 4 Years. Here’s How the Decision Will Affect Your Wallet.
The Federal Reserve gave its decision on Wednesday at 2 p.m. ET.
By Sherin Shibu
Brick & Mortar
Gen Z and Millennials Are Avoiding High Interest Rates — But It Can Be Risky, Real Estate Expert Warns
The typical age to purchase a first home is 36 — the oldest ever on record.
By Amanda Breen
Brick & Mortar
The Average American Can’t Afford a House in 99% of the U.S. — Here’s a State-By-State Breakdown of the Mortgage Rates That Tip the Scale
A new report from global business services company Flatworld Solutions reveals the disparity across the country.
By Amanda Breen
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.
By Sherin Shibu
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.
By Amanda Breen
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
U.S. Mortgage Rates Surge to 7.49%, Posing New Challenges for Homebuyers — But Shopping Around for Rates Could Lead to Thousands in Savings
As mortgage rates continue to rise, so do median home sale prices.
Business News
Falling Home Depot Sales Are Typically Bad News for the Housing Market — But Warren Buffett’s Recent Move Reveals Another Striking Development
Millions of U.S. homeowners can't afford to give up their current mortgage rates.
By Amanda Breen
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.
Business Accounting
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.
Brick & Mortar
Before Making That First Phone Call to an Agent, Consider These Tips
The first things to do when selling or purchasing a home are the same as they would be for any other large purchase: research and planning.
Business News
Wells Fargo Will Step Back From This Key Industry, Reportedly Conduct Layoffs
The bank announced it will be significantly shifting its focus and taking a step back from the housing market.
Business News
We Might Be Headed Toward a Recession, But a ‘Bigger Catastrophe’ Could Be on The Horizon
With rising mortgage rates and persistent inflation, millions are worried about a looming recession. But some experts say our attention should be elsewhere.
Business News
In the ’80s, Mortgage Rates Were Almost Three Times As High — But It’s Still Harder To Buy a Home Now
While the Fed has hiked up mortgage rates as a means to tame inflation, but it's nothing compared to 40 years ago.
Business News
The Housing Market Is Cooling the Fastest in These 10 Cities
The housing market is shifting, and these cities are seeing prices drop the fastest.