Finance & Mortgage
Mortgage Rates Fall to 6.69%. Here's How Much Your Payments Will Be at This Rate.
Here's What Experts Believe Could Happen to Mortgage Rates in December 2024
Mortgage Applications Jump 12% After Rates Fell for the First Time in Two Months: Report
Mortgage rates inched down by 0.03% for the 30-year fixed-term loan. The contract rate for the 15-year term climbed in the same week. 
Half of US Homeowners Under 50 Feel Trapped in Their Homes Due to Mortgage Rates, Survey Finds
The contract rate for the 30-year fixed mortgage is currently at 6.78%, which is significantly higher than rates recorded pre-pandemic. 
Federal Reserve Cuts Interest Rates by a Quarter Point Following Election, How Could It Affect Mortgage Rates?
The Federal Reserve cut its interest rate by 0.25 percentage points, which could put downward pressure on mortgage rates and improve housing affordability. 
3 Reasons Why Mortgage Rates Are Still Going up After the Fed’s Interest Rate Cut: Report
Mortgage rates averaged 6.08% in the week after the Fed cut its interest rate. It has since risen to 6.44%. 
Nearly 50% of Home Buyers in the US Use This Simple Strategy To Lower Their Mortgage Rate and Payments
Buying a point could bring down the mortgage interest rate by around 0.25%. Nearly half of all home buyers in the United States are buying points as part of an effort to lower their mortgage rates, and consequently their monthly payments, amid the country's housing affordability crisis. 
Mortgage Rates Spike to 6.53% After a Strong Jobs Report, It May Stay That Way for a While: Report
Mortgage rates rose to 6.53% for the 30-year fixed term after the release of the government's monthly jobs report. 
Home Buying Guide: Here’s How You Can Own a House With No Down Payment
Saving for a down-payment can take years, but there are ways to own a house without putting a down. The median sale price of a home in the United States has risen to $432,849 as of August. 
US Starter Homes Now Cheaper Than It Was a Year Ago as Mortgage Rates Dip: Report
Hopeful buyers now need to earn $76,995 to afford a typical starter home, down from the $77,343 income required in August 2023. 
TikTok Hack Claims To Help Homeowners Save on Mortgage Payments; Here’s What Experts Say
The hack claims making "one additional monthly payment" would cut the duration of a 30-year mortgage to 17. 
10 US Cities Where Buyers Earning Under $95,000 Can Comfortably Afford a Home: Report
A new analysis from Redfin found that the income needed to afford a home in the US fell to $115,000 nationally, but this is lower in several cities.
