Articles
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2 weeks ago |
themortgagereports.com | Peter Warden
Suppose you’re a younger first-time homebuyer, finally ready to enter the market — only to find few, if any, homes available. You might be facing a surprising culprit: the senior housing shortage. How does that affect you? Picture your local housing market as a ladder, and you're trying to step onto the first rung. The problem is, that rung is crowded with people who want to move up — but can’t, because the rungs above them are also full.
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3 weeks ago |
money.usnews.com | Peter Warden |Colin Hogan |Gina Freeman
Getty ImagesA trustworthy lender is just as important as a low interest rate. Key Takeaways Online lenders tend to offer the lowest rates, but you'll want to thoroughly research your options. If your bank or credit union's offer is close to the best, you may be more comfortable going with it. Avoid red flags like high origination fees, pressure to sign up quickly or failure to disclose the loan's APR upfront. This is not a time to borrow casually.
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3 weeks ago |
mortgageresearch.com | Peter Warden
The average 30-year fixed rate mortgage is 6.9% today, an increase of 0.02% since yesterday. The 15-year fixed mortgage rate stands at 5.9%, up by 0.04%. The 30-year FHA mortgage now averages 6.19%, having risen by 0.04. Meanwhile, the 30-year jumbo mortgage rate is 7.55%, reflecting an increase of 0.19%. The bigger picture Like so many economic reports recently, yesterday's consumer price index (CPI) barely affected mortgage rates.
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4 weeks ago |
money.usnews.com | Gina Freeman |Peter Warden |Ray Frager
On May 6, the Consumer Financial Protection Bureau announced it will no longer prioritize enforcement actions taken on buy now, pay later transactions, in accordance with a Biden-era rule that classified BNPL providers as credit card issuers subject to the Truth in Lending Act.
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1 month ago |
mortgageresearch.com | Peter Warden
The Bottom Line Real estate commissions don't appear to be dropping after a landmark verdict that was supposed to cut costs of selling a home. Remember all the fuss about real estate agent commissions back in the summer of 2024? The National Association of Realtors® (NAR) had reached a court settlement in March that was supposed to slash the cost of selling a home when it was implemented in July.
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