A dip in the weekly average for 30-year mortgage rates dropped the average mortgage payment to $2,575 in November, and homebuyers are taking advantage
It doesn't matter that there are fewer buyers to compete against. Rising mortgage rates and depleted inventory continue to erode options, according to new Redfin data released Thursday
Despite its balancing out, the market remains far from homebuyer-friendly with buyers paying 75% percent more on the typical mortgage payments than in 2019, according to Zillow
Q2 of 2022 saw the affordability of the typical home purchase erode at the fastest pace in at least 2 decades. Median home purchases would have taken up 31.5% of average annualized wage
Mortgage payments are as high as it's been in recent memory. But a sudden slowdown in growth may spell a turning point for the market
The number of homeowners who are more than 30 days late on mortgage payments dropped for the 11th straight month in February
Buyers have watched mortgage rates shoot from 3% to 5% this year alone, and that common refrain — 'Is it really the best time to buy?' — is always top of mind for clients, agents told Inman
The extent to which tenants' rent covers a landlord's mortgage can vary widely, according to a city-by-city breakdown of how much rent goes into paying property owners' own mortgages
The median sales price of single-family existing homes increased in 99% of the 183 markets measured by the National Association of Realtors, while 78% of markets saw double-digit price gains
Thanks to decreases in monthly mortgage costs and a normalizing market, the National Association of Realtor's Affordability Index improved once again in August
Of the 7.1 million homeowners who were granted forbearance during the pandemic, two-thirds have already left
Self-employment has advantages, notably the home office deduction and eliminating commute time. Getting a mortgage, however, is not one of them. Here are a few tips that address the newly stiffened requirements for approval
The median monthly mortgage payment in the US hit a low of $1,094 in November 2020, making it the best month out of the year to buy a home, according to a Redfin analysis
CoreLogic reported a 2.9% rise in mortgage delinquencies in August compared to last year
The number of renters and homeowners able to make payments during the third quarter of 2020 improved slightly from the second quarter, but remained relatively high overall, according to the Mortgage Bankers Association's Research Institute for Housing America