Mortgage News - Page 13

Housing costs are hard for teachers. Starting teachers need to spend about 47 percent of their salary to afford a median-priced rental.

Homeownership equals happiness. A new survey says 93 percent of homeowners say having a house makes them happier than renting did.

Mortgage rates have dropped to new lows, putting a record number of homeowners "in the money" to refinance and cut their rates by at least 0.75%, says a new report.

Low mortgage rates are pushing more and more Millennials to refinance. Overall refinances jumped 9 percent for Millennials in the last month.

Active homebuyers are seeing longer house hunts than they were a year ago. More than half have been searching for at least three months or longer.

Homebuying competition should be low for the next year. Only a small fraction of adults are planning to buy a home in the coming 12 months.

Homebuyers are increasingly making moves out of state. Some major metros are seeing nearly six in 10 home shoppers coming from outside the state’s borders.

The rate of homeownership has declined nationally over the last decade, but in some affordable states, it’s stronger than ever.

Older adults are struggling with housing costs. According to new data, many are even willing to forgo retirement or share their space with strangers in order to stay afloat.

One in three borrowers avoids mortgage rate shopping. It's a mistake that can cost thousands of dollars according to new government research.

As more and more Millennials become homebuyers, the picture of the American starter home is changing — and getting larger.

A new home selling platform just launched to give move-up home sellers a way to market their properties before they hit the market.

Refinance wait times are about to get very long. Lenders weren't prepared. Here's how to refinance without waiting 60 days or more.

It might be the heart of hurricane season, but according to new data, homeowners are woefully underprepared — and underinsured.

The number of Generation Z members holding a mortgage is up 112 percent over the last year. The group accounted for 2 percent of mortgages.

Forget beach towns and ski lodges. Real estate investors looking to cash in on a vacation home rental should apparently look to Tennessee.

If you’re looking to buy a new construction home, then you’re in luck. According to new data, prices are down on new homes.

Keller Williams and Offerpad have partnered up. The brokerage's real estate agents can now give home sellers cash-offer options.

Mortgage rates are low, but they could go much lower after the August 2019 yield curve inversion. Here's why.