Mortgage rates go up slightly as some lenders tighten restrictions on who qualifies for a home loan

Mortgage rates went up slightly this week — an indication that mortgage firms are changing their lending operations in response to the coronavirus. The 30-year fixed-rate mortgage averaged 3.33% during … Read More

Where mortgage payments take the smallest bite out of people’s bank accounts

It’s getting tough to afford a place to live — but residents of the nation’s capital are better placed than their peers in other cities. People in Washington, D.C., have … Read More

How you can get better while you’re denied a mortgage

When Philip Weiss, a methods engineer in New Jersey, noticed the country home on a 4-acre lot within the Poconos, it was love at first sight. He was preapproved for … Read More

Refinancing your mortgage will cost more thanks to a new fee from Fannie Mae and Freddie Mac

If you’re in the process of refinancing your mortgage, you may end up paying more than you expected. Fannie Mae FNMA, +2.51%  and Freddie Mac FMCC, +1.84%  said Wednesday that … Read More

Mortgage rates keep falling — will they finally drop to 0%?

Mortgage rates have dropped to record lows on eight separate occasions in 2020 so far, as the coronavirus pandemic has roiled the global economy. But could they eventually drop to … Read More

Quicken Loans is going public: 5 things to know about the mortgage lender

Rocket Companies RKT, , the parent company of mortgage lending giant Quicken Loans, has set the terms of its initial public offering. The company announced earlier in July that it … Read More

The Fed just cut rates to 0% — here’s what that means for mortgage rates

The Federal Reserve cut its benchmark interest rate to 0% on Sunday — but don’t necessarily expect lower mortgage rates as a result. The Fed announced it would cut interest … Read More

Ought to I refinance my home? Mortgage charges drop to 50-year low as coronavirus spreads throughout the U.S. — and the world

Mortgage charges are at document lows after the U.S. Federal Reserved lowered charges his week on the again of the anticipated financial influence from the unfold of the coronavirus — … Read More

2020 mortgage traits: Low stock, owners sitting on their fairness

Mortgage charges will stay low in 2020, reasonably priced properties on the market will stay scarce, and boomers will stay of their properties and construct fairness that they gained’t borrow … Read More