If your primary concern is increasing your home’s sale price, a seemingly profitable endeavor might turn into a losing proposition when you crunch the numbers.
Demand has tripled for adjustable-rate mortgages as Americans grapple with surging costs for home loans with rates fixed for 30 years.
Higher interest rates and slowing home sales have tipped real estate into a “buyers market” after two years of sellers calling the shots.
Higher interest rates will soften demand for real estate and provide a "reset" for home shoppers, Fed Chairman Jerome Powell said.
After declining since mid-May, the average U.S. rate for a 30-year fixed mortgage rose this week, Freddie Mac said.
Mortgage rates in the U.S. dropped to a one-month low this week as investors diverted more money to the bond markets.
Mortgage rates fell to a one-month low on Tuesday, retreating almost a quarter of a percentage point after a stock market selloff last week.
Mortgage interest rates in the U.S. this week reached the highest level in almost 13 years as the Federal Reserve fought inflation by tightening monetary policy.
The average U.S. rate for a 30-year fixed mortgage rose to the highest level since August 2009, Freddie Mac said in a report.
The average U.S. rate for a 30-year fixed mortgage rose to the highest since April 2010, Freddie Mac said in a report on Thursday.
Allowing the VA loan fees to reset as scheduled will save veterans and active-duty military members about $200 million annually, the lenders’ group said.
Shelling out more upfront means you'll get a lower rate and a smaller mortgage payment, but is it the right course for everyone?
Should you buy a house now, at whatever mortgage rate is available, and plan to refinance later?
Opting for an ARM instead of a fixed-rate mortgage can be a good strategy if a homebuyer doesn't plan to stay in the house for more than five to seven years.
