The Federal Housing Finance Agency repealed a much-maligned half percentage point fee that was being tacked on to refis. Is it now worth refinancing?
Ellen Chang is a Houston-based freelance journalist who writes articles for U.S. News & World Report. Chang previously covered investing, retirement and personal finance for TheStreet. She focuses her articles on stocks, personal finance, energy and cybersecurity. Her byline has appeared in national business publications, including USA Today, CBS News, Yahoo Finance MSN Money, Bankrate, Kiplinger and Fox Business. Follow her on Twitter at @ellenychang and Instagram at @ellenyinchang.
American homeowners are sitting on nearly $28 trillion of equity – an all-time high.
During the pandemic, market dynamics favored sellers. Now, several trends point to a brighter outlook for homebuyers.
A surge in home values means mortgage lenders and banks can offer owners larger cash-out refinances, home equity loans and HELOCs. Here’s what you need to know.
Demand has tripled for adjustable-rate mortgages as Americans grapple with surging costs for home loans with rates fixed for 30 years.