Mortgage rates have dropped to an average of 6.3%, renewing hope for a more active spring
Author and broker Dr. Lee Davenport explores the pros and cons of the 50-year mortgage for consumers and advises caution
Opinion
A 50-year mortgage may look tempting to a cash-strapped homebuyer, trainer Bernice Ross writes, but the cons far outweigh the easier up-front and monthly payments
The proposal from Trump is a reminder that the industry must evolve, Darryl Davis writes, but evolution without diligence can lead to structural weakness
Opinion
A 50-year mortgage is not a financial trap, broker Holly Brink writes. It's a tool that's designed to give homebuyers more ways to win in today's market
The Trump administration says it's also looking at assumable mortgages and 'ways to give relief' on 5- and 10-year loans, after mortgage experts pan 50-year mortgages as bad deal for borrowers
Inventory across all housing types fell 0.8% from the month previous and 12% year over year to 1.25M units. Nonetheless, home sales are expected to exceed 6 million by the end of the year
Refinance rates increased by 0.4% week over week and by a whopping 111% year over year, according to data from the Mortgage Bankers Association released Wednesday
The 30-year, fixed-rate mortgage hit 3.4% last week, a record low for the Mortgage Bankers of America survey
Knowing your mortgage interest rate could save you a lot of money in the long run
Interest rates and a lack of affordability, especially for first-time homebuyers, led researchers to a dour housing forecast for next year
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