Finance & Mortgage
Biden Administration Green Lights New Program for Purchasing Second Mortgages
Mortgage Rates Decline Significantly, but Homebuilding Still Down Due To Elevated Interest Rates
Home Purchase Applications in the US Rise Again After Brief Drop in Mortgage Rates
The average annual hidden cost of owning and maintaining a median-priced home in the US is over $18,000 a year. 
Hidden Costs of Homeownership Soared by 26% Since 2020: Report
Owners of a median-priced home would now need to shell out $1,510 a month on top of their monthly mortgage payments. 
Mortgage Rates Soar Past 7% Again: Freddie Mac
Mortgage rates climbed to 7.03% in the week ending May 30. The rate for the average 30-year fixed mortgage loan soared past 7% this week, marking an end to the recent declines. 
4 Things That Need To Happen for Mortgage Rates To Fall, According to Experts
Mortgage rates have remained elevated in recent weeks despite falling from a peak of 8% in October 2023. 
5 Financial Mistakes You Might Be Doing That Could Get Your Mortgage Rejected
Avoid these common financial mistakes to increase your changes of getting your mortgage approved. Securing a mortgage is a significant financial commitment, and even minor missteps can derail the process. Mortgage Rates May Stay Above 7% Through 2024, According to Forecasts
The rate for the 30-year mortgage is currently at 6.94%. Mortgage rates are likely to remain elevated through 2024, with interest rate forecasts to hover above 7% this year. 
Here’s How Much You Need To Make to Comfortably Rent in the 15 Most Expensive Metro Areas in the US
In some metro areas, individuals would have to earn at least twice the median salary to comfortably afford a rental. 
Nearly Half of Recent Homebuyers Are Struggling To Pay Their Mortgage: Report
At least 47% of homebuyers in America also said they feel in over their heads financially. Nearly half of recent homebuyers in the United States said they are struggling to make their mortgage payments on time, a new survey found. Mortgage Rates Will Likely Remain Elevated ‘For the Foreseeable Future’: Expert
Mortgage rates are currently at 7.09% for the 30-year loan and 6.38% for the 15-year term. Mortgage rates are likely to remain elevated for the next few months after the Federal Reserve put a hold on interest rate cuts last week. 
4 Mortgage Moves To Make Amid Rising Interest Rates
To help you secure the best mortgage loan and rate, here are four moves you can make before purchasing a home.
