Finance & Mortgage

'8 Cities Where Singles Can Save Almost as Fast as Couples for a Starter Home

On average, singles need eight years and five months to save up for homeownership compared to couples who only need two years and one month, a study found.

Why Getting the Right Real Estate Agent Matters

'80% of Couples Got a Joint Mortgage: Survey

At least 32% of couples cited financial stability as the reason for getting a joint mortgage. This comes as housing affordability in the country is worsening.

'4 Secrets You Should Know About Mortgages: Expert

Planning on getting a home loan soon? Here are four secrets an expert said all homeowners should know.

EDITOR'S PICKS

'Mortgage Rates Drop After Climbing for Four Weeks, Demand Surges 11%

Mortgage rates for the 30-year fixed-rate loan fell 0.06 percentage points in the week ending March 7.

By D. Ong
'Over 30% of Home Buyers and Sellers Don’t Know They Can Negotiate Real Estate Commissions: Report

Among buyers and sellers who did negotiate the commission with their agents, 64% said they successfully reduced the fees.

By D. Ong
'Mortgage Rates Edging Closer to 7%, the Highest Recorded Since December

Mortgage rates climbed for the fourth consecutive week in a row in the week ending February 29.

By D. Ong
'Americans Making $150K a Year Are Considered ‘Lower Middle Class’ in These US Cities

Individuals earning $150,000 annually could still struggle financially in some states amid rising living costs.

By D. Ong
'FHA Introduces New Program That Helps Homeowners Catch up on Past Due Mortgages

The program would allow mortgage services to temporarily decrease a borrower's mortgage payments without modifying the current mortgage interest rate.

By D. Ong
'Mortgage Demand Tumbles as Interest Rates Soar to 7% Again Following Brief Lull

Mortgage rates hovered arouund 3% this same time in 2022, but is significantly below the recent peak of 8% in October 2023.

By D. Ong
'What Happens to Home Equity When You Refinance a Mortgage?

Are you worried about what will happen to your home's equity when you refinance your mortgage? Here's the answer.

By D. Ong
'Mortgage Rates Climb for the Second Week, Home Prices Also Sees Increase

Mortgage rate for the 30-year fixed term climbed to 6.77% this week, up by 0.13 points from last week.

By D. Ong
'4 Best Online Mortgage Lenders

While most online mortgage are legit, there are several that excel in providing excellent mortgage options and safety. Here's a list.

By D. Ong
'Small Banks Will Likely Close Due to Commercial Real Estate Weakness: Fed

Federal Reserve Chair Jerome Powell made the grim prediction during a "60 Minutes" interview.

By D. Ong
'4 Main Factors Lenders Review When Qualifying You for a Mortgage

Different lenders have their own specific qualifications for mortgages, but there are four main factors they review in the process. Here's a guide.

By D. Ong
'Real Estate 101: Mortgage Dos and Don’ts To Know in 2024

Understanding the dos and don'ts for shopping favorable mortgage rates can help you gain thousands in savings. Here's a quick guide.

By D. Ong