Most economists were expecting mortgage rates to fall over the course of the coming year. But rates have risen steadily over the last month, inching back up to 7% — and they’re expected to ...

Ongoing strength in the U.S. economy drove mortgage rates up over 7% for the first time in eight months, casting doubt over a recovery in the housing sector. The 30-year mortgage rate inched up to ...

Besides taking out a mortgage, your best bet for homeownership is to buy a house in cash. Less common mortgage alternatives include rent-to-own agreements and owner/seller financing. Both rent-to ...

A reverse mortgage allows seniors to access cash from the equity they've amassed in their home. It can be an appealing prospect: You retain ownership of the property and the funds don't have to ...

A reverse mortgage is a loan, and an annuity is insurance Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing ...

She loves exploring new finance topics and interviewing the experts. Maskot / Getty Images When it comes to reverse mortgages, homeowners have options. A home equity conversion mortgage (HECM ...

Friday, Nov. 1, 2024. (AP Photo/Nam Y. Huh) Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly ...

Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges. The average rate on a standard, 30-year fixed ...

Major banks have begun increasing mortgage rates in response to renewed economic uncertainty. From tomorrow, Santander is upping rates aimed at home buyers and those remortgaging by up to 0.34 ...

Katherine Watt is a CNET Money writer focusing on mortgages, home equity and banking. She previously wrote about personal finance for NextAdvisor. Based in New York, Katherine graduated summa cum ...

Borrowers whose homes burned down are still on the hook for monthly mortgage payments in the long run, but might be able to get temporary relief. Homeowners usually have the option to pause ...