Finance & Mortgage
TikTok Hack Claims To Help Homeowners Save on Mortgage Payments; Here’s What Experts Say
10 US Cities Where Buyers Earning Under $95,000 Can Comfortably Afford a Home: Report
10 US Cities Where Mortgages Are Easiest and Hardest To Pay Off: Report
EDITOR'S PICKS
-
Fed Slashes Interest Rates, But Mortgage Rates Surge Up To 6.72% - Here's Why It's Happening
-
New Real Estate Platform Allows US Homebuyers To Check The Political Affiliations Of Their Neighbors For Free
-
NYC Bill Relieving Renters Of Broker Fees Passes Without Mayor's Signature. Real Estate Groups Are Suing To Stop It
-
Suspect In UnitedHealthcare CEO Killing Hails From Real Estate Family, Grew Up In This $800K Home
The income needed to buy a median-priced home in the US fell to 1.4% year-over-year in August 2024 after mortgage rates dipped to 6.5%. 
5 Key Things That Affect Mortgage Interest Rates
The Federal Reserve's actions influence borrowing rates, but there are also other key factors that could affect mortgage interest rates. Here are five. 
Fed Rate Cuts Will Lower Mortgage Rates but Won’t Fix the US Housing Affordability Crisis: Report
Falling mortgage rates will offer relief to Americans, but it could also lead to an increase in demand, which could lead to higher prices amid the market's housing shortage. 
Fed Cuts Interest Rates Down to 4.8%; Here’s What It Means for the Housing Market and Mortgages
The central bank's recent cut could bring mortgage rates down for the 30-year term and encourage sellers back into the market. 
Here’s How Much Your Monthly Mortgage Payments Will Fall After the Fed Cuts Rates
The contract rate for the 30-year and the 15-year fixed terms are expected to fall between 25 basis points to half a percentage point after the Fed cuts its interest rates. 
Mortgage Rates Fall To Lowest Level Since February 2023, Monthly Payments May Also Decline
The average contract rate for the 30-year term fell to 6.29% this week, which is 0.14 points lower from last week's rate of 6.43%. 
Real Estate Forecast: Will It Rise or Fall This September? Here's What Will Happen in Federal Reserve's Meeting
Financial experts are expecting the Federal Reserve to cut its benchmark rate on Sept. 18, which could make mortgage rates fall or rise. 
30-Year Mortgage Rate Drops Ahead of the Fed Cut, the Lowest Level in 16 Months
The contract rate for the 30-year loan fell to 6.44% in the week ending Aug. 23, marking the lowest level recorded since April 2023. 
The Fed Is Expected To Cut Interest Rates on September 18, Mortgage Rates May Fall as a Result: Report
The Fed could make a quarter-point or a half-point cut on their interest rates during their next meeting. US Monthly Mortgage Payments Fell to $2,500, Declining for the First Time Since 2020
Mortgage payments fell after contract rates declined to 6.46% in the week ending Aug. 22. The median monthly mortgage payments in the United States fell to just over $2,500, marking the lowest level recorded in four years.
