Fees on mortgages backed by Freddie Mac and Fannie Mae are set to change next month, in a plan designed to make homeownership more affordable for more people. Broadly, the fees will go down for many with lower credit scores and will increase for many with higher credit scores.
-
-
Homebuyers saw another week of falling mortgage rates, with the average rate dropping last week for the third week in a row, according to data from Freddie Mac released Thursday.
-
Mortgage rates have taken would-be buyers on a ride this year — and it’s only March.
-
Mortgage rates climbed higher for the second consecutive week, following four weeks of declines. Inflation is running hotter, making rates more volatile, with the expectation that they will move in the 6% to 7% range over the next few weeks.
-
December housing starts, a measure of new home construction, dropped by 1.4% from November, and were down 21.8% from a year ago, according to data released Thursday by the Census Bureau.
-
The Fed has signaled it intends to continue raising rates — even if it’s by smaller increments — until inflation shows clear signs of falling.
-
As interest rates increase, affordability decreases making it more costly for consumers and businesses to borrow money for homes, cars, and other purchases.
