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What will happen to home prices if mortgage rates stay high? Experts weigh in
CBS News· 23 hours agoThe Federal Reserve continues to battle inflation, which has topped 3% for the first three months of 2024. With inflation moving in the wrong direction, mortgage rates have ...
Today's mortgage interest rates: May 2, 2024
CNN.com· 5 days agoToday’s mortgage interest rates are rising for the first time this week. Generally, home loan interest rates are higher than last week’s. The biggest...
More homebuyers are paying discount points as interest rates continue to rise
FOX Business· 22 hours agoMortgage points, which are one-time fees paid at closing in exchange for a lower interest rate, are...
5 strategies for dealing with today's high mortgage rates
CBS News· 4 days agoFor example, when buying a $400,000 home with 20% down, the monthly mortgage payment (principal and interest only) has gone from about $1,350 at 3% to over $2,100 at 7%. Get ...
5 ways to lower your mortgage payment right now
CBS News· 5 days agoIf that's your experience, it may help to rethink one of the largest monthly expenses most people have — your mortgage. The median monthly mortgage...
The Fed indicated rates will remain higher for longer. What does that mean for you?
Los Angeles Times· 2 days agoThe central bank kept its key rate at a two-decade high of roughly 5.3%, where it has been since...
Using home equity to pay off your mortgage? Here's what experts think
CBS News· 5 days agoIf you use a home equity loan to pay off your mortgage, you're essentially refinancing your mortgage...
How Much Will a $400,000 Mortgage Cost Me?
MediaFeed via AOL· 3 days agoThe monthly payments on a $400,000 mortgage could range from about $2,300 to more than $3,700, depending on the loan’s interest rate, term, and other...
Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates
NBC Washington· 6 days agoThe share of ARM applications rose to 7.8% of mortgage demand last week, according to the Mortgage...
Will home equity loan rates drop in May?
CBS News· 5 days agoWith inflation problematic, interest rates were elevated to help rein it in. On Wednesday, the Federal Reserve elected to maintain that level, keeping...