Remove Debt-to-income ratio Remove Equity Remove Fixed-rate mortgage
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Mortgage costs, lender denials jumped in 2022: CFPB

Housing Wire

. “The higher interest rate environment had profound effects on the mortgage market in 2022, with borrowers paying much more in monthly payments,” CFPB Director Rohit Chopra said in a statement. “These trends are likely to continue given further increases in interest rates in 2023.” in 2022, up from 8.3%

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Home equity is the bright gem of the housing market

Housing Wire

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. Unlike fixed-rate, lump-sum second-lien home-equity loans — HELOCs normally carry variable interest rates.

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Opinion: how to close the minority homeownership gap

Housing Wire

is one of the few places in the world where you can get a fixed-rate mortgage amortized over 30 years. Fixed-rate mortgages provide stability and predictability. The criteria to qualify for a fixed-rate mortgage has not changed much in the last 60 years.

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Today’s Mortgage Rates March 17, 2025: Rates Are Rising Again Slowly

Marco Santarelli

The rate you personally qualify for can vary based on factors like your credit score, down payment amount, the type of property you're buying, and even where you live. The Popular 30-Year Fixed-Rate Mortgage The 30-year fixed-rate mortgage is still the most common choice for homebuyers, and for good reason.

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Today’s Mortgage Rates March 13, 2025: Rates Rise in Response Inflation Data

Marco Santarelli

Types of Mortgage Rates There are two main types of mortgage rates: Fixed-Rate Mortgages : These lock in your interest rate for the entirety of your loan period, making your monthly payments predictable and consistent.

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Today’s Mortgage Rates, March 30, 2025: Rates See Small Reductions

Marco Santarelli

Long-Term Goals Matter: When choosing between a 15-year and 30-year mortgage , consider your short-term cash flow needs versus long-term interest savings. Focus on Financial Health: Improving your credit score and lowering your debt-to-income ratio are key factors in securing a lower mortgage rate.

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Today’s Mortgage Rates March 20, 2025: Rates Rise Marginally This Week

Marco Santarelli

30-Year Fixed: This remains a popular choice for many homebuyers due to its lower monthly payments , making homeownership more accessible. 30-Year Fixed: This remains a popular choice for many homebuyers due to its lower monthly payments , making homeownership more accessible.