homeowner 
Housing Wire
APRIL 7, 2021
A monthly mortgage, on the other hand, doesn’t usually increase for homeowners with fixed-rate mortgages. Because of this, today’s lenders are more than willing to work with potential first-time homebuyers who have debt, just as long as their debt-to-income ratio (DTI) isn’t too high.
Housing Wire
MAY 3, 2023
. “The 2-year and 10-year US Treasury yields are down 2-3 basis points, which could help mortgage rates as the market digests the news and adjusts,” Jack Macdowell, chief investment officer at the Palisades Group , said. However, a higher interest rate environment can provide more opportunity for cash buyers.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
MARCH 10, 2023
Toohig adds that lenders are telling him that their customers “don’t want to do a new 30-year fixed-rate mortgage at 6.25%, and we’d rather do a smaller-balance HELOC [home equity line of credit] instead to improve their property.” As of March 8, according to Commerce Bank , the prime rate was 7.75%.
Marco Santarelli
JANUARY 6, 2025
The current average for a 30-year fixed mortgage stands at 6.67%. Understanding these shifts in mortgage rates can impact budgets and long-term financial commitments, making it crucial for potential home buyers and homeowners looking to refinance to stay informed. 20-year fixed 6.62 15-year fixed 5.89
HomeLight
JUNE 22, 2023
Debt-to-income ratio After looking at how much money is flowing into your household, you’ll want to write down your monthly debts. That’s because lenders will also look at your debt-to-income ratio, or DTI. That number will be your debt-to-income ratio.
Realty Biz
JUNE 15, 2022
A fixed-rate mortgage is stable for 15 to 30 years, but rents may increase on average as much as 5% per year. . Money spent on a mortgage each month is building equity in something you’ll eventually own, and is a foundational means to growing wealth. Student Loan Debt Must Be Paid off.
HomeLight
JUNE 16, 2023
The average American household credit card debt is $5,315 , the average student loan debt is almost $39,000 , and the average car loan for a new vehicle is around $44,140. If you’re a homeowner with consumer or student debt, it’s tempting to tap into your home’s equity with a cash-out refinance to pay down these balances.
Expert insights. Personalized for you.
476 
Let's personalize your content