What the Curiosity Fee Lower Means for You

The Federal Reserve lower its short-term benchmark price by a quarter-percentage level for the third time this 12 months on Wednesday, reducing the federal-funds price to a variety between 1.5% … Read More

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

Struggling Borrowers Want To Pause Their Mortgage Payments. It Hasn’t Been Easy.

Struggling homeowners are flooding their mortgage companies with requests for help as the coronavirus pandemic wrecks the economy. Many are having a hard time getting it. Homeowners say they are … Read More

What Happens to the Mortgage When Your House Burns Down

If your house goes up in flames, does your obligation to pay your mortgage go with it? Borrowers are bound by the promissory note they sign at the closing of … Read More