Mortgage News - Page 16

Home equity is up and rates are down. But homeowners refuse to tap into equity for major financial goals like a college education or home improvements. Is that a mistake?

Higher degrees generally come with higher incomes, but it turns out they’re not a requirement for buying a home. In fact, according to a new analysis, a high school degree offers enough income to afford a home in nearly three-quarters of the country’s biggest cities.

Confidence in the housing market remains near an all-time high. According to new data, consumers are especially optimistic about mortgage rates and home prices.

Home prices are high but there's hope for home buyers. Falling rates should make homeownership more affordable as the Fed seeks to cut rates in 2019.

Housing might be looking up, but that doesn’t mean today’s homebuyers have it easy — especially not first-timers. In fact, according to new data, more than half of first-time homebuyers have been searching for six months or more to find that dream house.

Nearly one in two homeowners is planning to renovate in the next two years. Though HELOCs offer a good source of funding for these projects, according to a new survey, many homeowners don’t even know what these financial products are.

Renters stay renters often because they overestimate the difficulty of qualifying for a mortgage. Many are surprised that they can buy a home immediately.

The number of bidding wars just keeps slipping — but those days might be numbered. According to new data, just 12 percent of buyers faced a bidding war last month — marking a 52 percent drop from a year earlier. But will the trend continue? Experts don’t expect so.

Millennials looking to buy a house should head to Ohio. According to a new analysis, that’s where three of the nation’s 10 best cities for Millennials are located.

Consider San Francisco the spot for home-selling seniors. According to a new analysis, the average San Fran homeowner 55 and up sees their house appreciate 311 percent from the time of purchase — more than any other city in the country.

Tired of paying sky-high energy bills this summer? Then buying a house in Washington, D.C. might be your best move. According to a new ranking, the district boasts the lowest monthly energy bills in the nation.

Home inspections can offer serious value. In fact, according to a new analysis, they save buyers an average of $14,000 per home purchase.

Thanks to lower mortgage rates and rising incomes, housing affordability is actually up for the first time in years. And in five lucky cities, it’s up quite considerably.

Have a cat? Want to buy a home? Then make your way to the West Coast. According to a new ranking, Oregon and Washington are home to the two most cat-friendly housing markets in the nation.

Thanks to yet another drop in mortgage rates last week, homeowners could save big by refinancing. In fact, according to new data, a refinance could help more than 8 million borrowers shave at least 0.75 percent off their interest rate.

Most renters wish they owned a home. In fact, according to a new report, nearly half of all renters say they regret renting instead of buying.

Is there a Trump effect that's pushing down mortgage rates? The power of the presidency is enormous but does it include real estate financing?

Homebuying demand is up. In fact, according to a new survey of real estate pros, nearly 60 percent say recent drops in mortgage rates have caused demand to spike in their areas.

Not that long ago, rates in the 3s were said to be impossible. Now, with 30-year fixed rates descending toward 3%, are rates in the high- or even mid-2s a possibility?