And about 90% of mortgage holders had a rate that was less than 6%; some 80% with a rate less than 5%; and almost a third had a rate less than 3%, meaning refi opportunities would be hard to come by.

Curtailment is the act of restricting an activity or cutting it short. The word has several common uses in business and banking services.

California’s growing wildfire risk is affecting the state’s mortgage market, a new study has found, with brick-and-mortar banks approving fewer home loans in risky areas — while their online ...

Forbes contributors publish independent expert analyses and insights. Roger Valdez writes about housing economics and policy. Like other aspects of the housing discourse in the United States today ...

Most Americans have a fixed rate mortgage, meaning their interest rate stays steady over time. A Yale economist says adjustable rate mortgages can help borrowers save money on interest in the long ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Doretha Clemons, Ph.D., MBA, PMP, has been a corporate IT executive and professor for 34 ...

Mortgage originations will jump next year, the Mortgage Bankers Association says. That's because a mild recession will prompt the Fed to ease interest rates, meaning lower mortgage rates, it says ...

Despite holding Forbes' title of the highest-paid celebrity couple in the world, with a combined fortune of $1.16 billion, Beyoncé and Jay-Z took out an eye-popping $52.8 million mortgage from ...

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) declared a dividend of $0.62 per share of class A common stock with respect to the second quarter of 2024.This dividend is ...

Gary Jacobs, a client of Mr. Beach’s and a retired federal employee, and his wife, Donna, a retired nurse, refinanced the mortgage on their home in Chevy Chase, Md., at the end of 2021 when ...