With US mortgage rates easing, homeowners are choosing renovation over relocation, a shift that is stress-testing the nation’s consumer-credit infrastructure and reshaping local economies.

Mortgage rates dropped again last week, sparking a small jump in refinancing, but potential buyers were not impressed.

Rushing to pay off your mortgage can quietly drain the retirement accounts you'll need most. Here's why timing and balance matter more than speed.

Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.15%. For 20-year mortgage refinances, the average rate is 6%. Related: Compare Current Refinance Rates 30-Year Fi ...

The rate on a 30-year fixed refinance rose to 6.17% today, according to the Mortgage Research Center. For 15-year fixed refinance mortgages, the average rate is 5.25%, and for 20-year mortgages, the ...

No-closing-cost mortgages are mortgages where your lender pays the closing fees on your behalf. It shouldn’t be confused with a mortgage with no closing costs. Before considering a no-closing-cost ...

Borrowing a mortgage to buy or refinance a home can seem daunting, especially when mortgage rates are much higher than they ...

The 28/36 rule oversimplifies home affordability. As a loan officer, I’ll explain why budget and homebuying needs matter more than rigid rules when deciding how much house you can afford.

On one hand, you could aim to pay off your mortgage principal faster to save on interest and reach debt-free status sooner. Then again, with the annualized rate of return of the S&P 500 for the last ...

A VA refinance is a financial solution for refinancing a mortgage. The best time to do this may be when your mortgage interest rate is too high, and you want to lower it. Of course, there are other ...

If you've been waiting for rates to drop to refinance a 8% mortgage, your time has come. Rates are now the lowest they've been since early 2023. The 30-year fixed-rate hit 6.06% on average during the ...

Interest-only mortgages let you make smaller payments that include only interest for a period of time before payments rise to include principal for the remainder of the loan. They offer some benefits ...