Finance & Mortgage
Half of US Homeowners Under 50 Feel Trapped in Their Homes Due to Mortgage Rates, Survey Finds
Federal Reserve Cuts Interest Rates by a Quarter Point Following Election, How Could It Affect Mortgage Rates?
3 Reasons Why Mortgage Rates Are Still Going up After the Fed’s Interest Rate Cut: Report
EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
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. 
10 US Cities Where Mortgages Are Easiest and Hardest To Pay Off: Report
A person's ability to pay off their mortgage depends on where they live. Here are the cities where homeowners can easily pay off their mortgages. 
Income Needed To Buy a Typical Home in the US Falls to $115K, Marks First Decline Since June 2020
The income needed to buy a median-priced home in the US fell to 1.4% year-over-year in August 2024 after mortgage rates dipped to 6.5%. 
5 Key Things That Affect Mortgage Interest Rates
The Federal Reserve's actions influence borrowing rates, but there are also other key factors that could affect mortgage interest rates. Here are five. 
Fed Rate Cuts Will Lower Mortgage Rates but Won’t Fix the US Housing Affordability Crisis: Report
Falling mortgage rates will offer relief to Americans, but it could also lead to an increase in demand, which could lead to higher prices amid the market's housing shortage.
