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How to improve your finances before your first mortgage

Posted on July 15, 2022

As a first-time homebuyer, you might not have as much income or savings to work with. That doesn’t mean you won’t qualify for a mortgage, however. Here are three ways to prepare…

Why are mortgage rates moving around so dramatically?

Posted on July 15, 2022

Just two weeks ago, mortgage rates were headed to 6 percent. The consensus among investors and lenders was that mortgage rates would stay at their highest levels in more than a decade. Instead, rates…

Mortgage rate deals for week ending July 9, 2022: Top offers from lenders

Posted on July 15, 2022

The average rate for mortgage offers clicked on by Bankrate readers Friday was 4.47 percent, up 13 basis points from the previous Friday. Mortgage rates are much higher than they were a year ago,…

Mortgage and real estate news this week: Home improvements, mortgage rate trends

Posted on July 15, 2022

DreamPictures/Getty Images Despite supply chain challenges and inflation, many homeowners are still interested in pursuing home improvement projects. Learn more about how to get your time and money’s worth if you’re looking…

Calendar: What’s driving mortgage rates the week of July 11-15, 2022

Posted on July 15, 2022

Mortgage rates are notoriously difficult to predict. They rise and fall based on market sentiment, headlines and a variety of economic indicators. Here’s a look at what could move markets this week. The…

2022 U.S. mortgage statistics and FAQ

Posted on July 15, 2022

Residential mortgage debt in the U.S. totaled $11.18 trillion as of the first quarter of 2022, according to the Federal Reserve Bank of New York. Commercial real estate debt in the U.S. crossed…

VA vs. conventional loans: What’s the difference?

Posted on July 15, 2022

VA loans offer 100-percent home financing to qualified veterans, active-duty servicemembers and surviving spouses. If you’re eligible for a VA loan, you might assume it’s undoubtedly a better option than a conventional loan. However,…

How to compare lenders for first-time homebuyers

Posted on July 15, 2022

As a first-time homebuyer, it can feel overwhelming to find a mortgage lender with the right combination of convenience and low rates and fees. Confidently select the best lender for you with these tips. Where…

Inflation and the housing market: What you can do as prices spike

Posted on July 15, 2022

With another dismal inflation report in for June, homebuyers and sellers continue to face the harsh reality that home prices — which were cued to cool down this year — might not slow for…

Latest mortgage news: Rates resume march toward 6%

Posted on July 15, 2022

With inflation intensifying, the average rate on 30-year mortgages jumped to 5.77 percent this week from 5.55 last week, according to Bankrate’s national survey of large lenders. The Federal Reserve raised rates three-quarters of a percentage…

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