The share of mortgages in forbearance dropped below 5% in March for the first time since the beginning of the pandemic, as homeowners resuming their payments continued to outnumber new requests for relief for the fourth week in a row. Continue reading
The average for a 30-year fixed rate mortgage hit 3.17 percent this week, the highest level since June, according to data released Thursday by Freddie Mac. Continue reading
Self-employment has advantages, notably the home office deduction and eliminating commute time. Getting a mortgage, however, is not one of them. Here are a few tips that address the newly stiffened requirements for approval. Continue reading
After falling to historic lows last year, rates have climbed back over 3 percent but still remain lower than last year’s levels. Continue reading
The Prudential Financial vet served on Freddie Mac’s board of directors for about one year before being named the company’s interim chief executive officer. Continue reading
The overall decline of mortgage loans in forbearance was led by Ginnie Mae loans, which dropped by 7 basis points from the previous week to 7.28 percent of loans in forbearance. Continue reading
Sam Khater, chief economist at Freddie Mac, believes we’re starting to see American metros becoming more like European cities, where low- and middle-income individuals live in the suburbs, rather than dense urban cores. Continue reading
The average rate for a 30-year, fixed-rate mortgage is at an all-time low, but it could drop further if the economy stabilizes. Continue reading
Homeownership rates for LGBT Americans lag behind those of the broader population. A new report suggests fears of discrimination may be contributing to that difference. Continue reading
In an unpredictable market, demand for jumbo mortgages is declining as more homeowners seek forbearances and investors look to more secure loans. Continue reading