Some homebuyers face mortgage ‘payment shock.’ Here are ways to save

Noel Hendrickson/Getty Images Even with signs that the housing market is cooling, homebuyers are still feeling the sting of elevated prices and higher interest rates. The average rate on a…

Mortgage demand rises for the first time in six weeks

Real estate listings Adam Jeffery | CNBC Mortgage application volume increased last week for the first time in six weeks, according to the Mortgage Bankers Association, despite a rise in…

Mortgage demand declines 29% from last year as rates eclipse 6%

Mortgage demand appears to have nowhere to go but down, as interest rates go up. Application volume dropped 1.2% last week compared with the previous week, according to the Mortgage…

Mortgage demand drops further as interest rates shoot back to June high

GP: Homes for sale Brittany Murray Via Getty Images | Medianews Group | Getty Images In June the average rate on the 30-year fixed shot over 6% briefly, and that…

Mortgage demand falls even further, as rates shoot back up to July highs

A real estate consultant shows a condo to a prospective buyer in Miami, Florida. Joe Raedle | Getty Images After falling back earlier this month, mortgage rates began rising sharply…

Fannie Mae says fixed mortgage rates could fall to 4.5% next year

The Good Brigade | Digitalvision | Getty Images Mortgage rates are projected to decline next year — but that doesn’t mean prospective homebuyers should necessarily delay a purchase for the…

Black borrowers’ mortgage denial rate twice that of overall population

Mark Hunt | Disabilityimages | Getty Images Owning a home is one of the key ways to build wealth. But for aspiring Black homeowners, that can be a difficult milestone…

Mortgage demand from first-time buyers makes a comeback

A real estate agent shows a home to a prospective buyer in Miami. Getty Images Mortgage demand continues to weaken, still right around a 22-year low, but there was a…

Mortgage demand fell last week even as rates declined slightly

A For Sale sign is posted in front of a property in Monterey Park, California on August 16, 2022. Frederic J. Brown | AFP | Getty Images Mortgage rates fell…

Mortgage calculator: Determine your monthly payment

Thinking about buying a home? Now could be a good time to do it. The current average 30-year fixed rate mortgage as of Aug. 11, 2022 was 5.46%, according to…