News related to mortgages

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  • Comparing mortgage rates across three to five lenders can save you thousands of dollars over the life of the loan.

  • The Fed increased its benchmark interest rate Wednesday by a quarter-point, the first rate hike since the summer of 2023.

  • Republicans promised a housing reset.

  • A low-down-payment mortgage can put you on the fast track to homeownership if you lack the funds to make a bigger payment, and there are several options available.

  • As mortgage rates rise, borrowers are seeking savings in riskier, adjustable-rate mortgages that offer lower rates.

  • Mortgages have downshifted a bit from highs earlier in the week but continue to fluctuate with the latest economic news.

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  • A fixed-rate mortgage locks in the same interest rate and monthly payment for the life of the loan.

  • More American homeowners now owe substantially more on their mortgages than what their properties are worth, as a key measure of housing-market distress moves in the wrong direction.