Fed Chairman Powell Calls Delta Surge an 'Evolving Risk' to Taper Plans
A speech on Friday by Fed Chairman Jerome Powell had the potential of sending mortgage rates into gyrations. Instead, he soothed the markets.
August 27, 2021 2 MIN
A speech on Friday by Fed Chairman Jerome Powell had the potential of sending mortgage rates into gyrations. Instead, he soothed the markets.
Tighter lending standards mean some consumers are being turned down for mortgages for issues that can be remedied.
A Delta-driven resurgence of the Covid-19 pandemic will chill the nation’s economic recovery and suppress mortgage rates, according to a forecast by Fannie Mae.
U.S. home sales rose in July and price gains moderated as more properties came on the market, the NAR report said.
Lakeland and Winter Haven, Florida, posted the biggest U.S. median home price gain since the pandemic’s earliest days, with a 32% jump in June from a year earlier.
Despite what you might have heard, a 20% down payment isn’t necessary to buy a house. What can you do to improve your chances of buying a home with little (or even no) down payment?
Housing starts fell 7% in July as homebuilders struggled amid labor and supply shortages to meet demand boosted by low mortgage rates.
An index measuring homebuilder sentiment dropped in August to the lowest reading in more than a year as buyers were discouraged by a spike in prices.
The consumer sentiment index from the University of Michigan plunged 13.5% in August to 70.2, the gloomiest outlook since December 2011.
The average U.S. rate for a 30-year fixed mortgage rose to the highest level in a month, reversing six weeks of declines, after last week’s employment report.
A homebuyer would need $48,435 of annual income to qualify for a mortgage on a $180,000 median-priced home in Detroit, making it the most affordable U.S. metro area.
Don't wait until you find your dream house to check your credit reports for errors.
Flood insurance is separate from your standard homeowner’s insurance, and if you are buying in a flood plain, most lenders
Shelling out more upfront means you'll get a lower rate and a smaller mortgage payment, but is it the right course for everyone?
