5 tips for buying a home when mortgage rates are high
28/36 rule: Housing expenses (including mortgage payments, utilities, HOA fees and homeowners insurance) should be no more than 28% of your gross income and no more than 36% on debts overall. 30% rule: Keep monthly mortgage payments and other housing costs to no more than 30% of your take-home pay.
Mortgage Rates Fall Again in Good News for Homebuyers as Spring Begins
“As the spring homebuying season gets underway, the 30-year fixed-rate mortgage saw the largest weekly decline since mid-September,” says Freddie Mac Chief Economist Sam Khater. “The decline in rates increases prospective homebuyers’ purchasing power and should provide a strong incentive to make a move."
After falling every day for almost two weeks, 30-year mortgage rates have moved higher the last two days. Rates climbed for ...
Compare two options for accessing the cash in your home — cash-out refinancing or home equity loans — to pay for renovations, consolidate debt or support education expenses. Includes pros, cons and ...
Homebuyers can breathe a small sigh of relief, as mortgage rates are declining. Freddie Mac data released Thursday showed ...
The average rate on a 30-year mortgage in the U.S. eased for the seventh straight week, a trend that gives prospective ...
Pay your bills in full and on time each month, look for any errors on your credit report and avoid applying for other loans or credit cards too close to your mortgage or refinance application.
Consumers should be mindful of potential conflicts with referrals and protect themselves. A preferred lender is a mortgage ...
What happens to your mortgage if your house is destroyed? Even if your home is a total loss, “the mortgage still lives on, ...
If you're a homeowner looking for lower-cost borrowing options, you may consider a home equity loan or HELOC today.
Wondering how Fannie Mae and Freddie Mac can make homeownership more affordable in 2025? With higher conforming loan limits ...
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