A new company offers a software tool that allows buyers and agents to find sellers with low-rate mortgages that can be ...

Typically, experts recommend you spend no more than 28 percent of your monthly gross income or 25 percent of your net income on mortgage payments. Today, you may find yourself spending substantially ...

Why we chose it: Among large, nationwide reverse mortgage lenders, Guild Mortgage offered the lowest HECM rates, with an average of just 6.25% in February 2025.

With average mortgage interest rates ranging from 6.08% to 7.79% in 2023 and 2024, many held onto their existing loans to avoid higher monthly payments. But the outlook is getting brighter .

The median monthly mortgage cost for those who moved in 2023 or 2024 was $2,020 compared to $1,500 overall, based on data collected in 2024. Median monthly mortgage payment by state.

It will often have a higher interest rate than a 15-year mortgage, but you’ll have a lower monthly payment. 15-year fixed-rate mortgages. Today, the average rate for a 15-year, fixed mortgage is ...

Yes, as you move through the mortgage approval process, you’ll likely need bank statements to prove your income. We asked experts how many you need.

No, you may not be able to refinance your mortgage in 2025. Jeff Lichtenstein, owner of Echo Fine Properties, said that for most people, refinancing may not make that much sense in 2025.

Originations — the original mortgage loans — fell by 2.7 million, or 32.2%. And 2023 origination volume was only 37.9% of the 2021 peak. Two-thirds of the purchase volume has been lost.