Demand for adjustable-rate mortgages surges, as interest rates jump

A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. According to the National Association of Realtors, sales of existing homes dropped 3.4%…

Why Adjustable-Rate Mortgages Are Still Risky

“Be aware, be educated before you jump in,” said Linda McCoy, president of the National Association of Mortgage Brokers. Here are questions and answers about adjustable-rate mortgages: What does it…

Here’s what you need to know about reverse mortgages

William_potter | Istock | Getty Images With the stock market getting volatile but the housing market still hot, reverse mortgages have become a more attractive tool for older Americans who…

How the lack of small-dollar mortgages hurts homeownership in the U.S.

High home prices aren’t the only reason behind dwindling homeownership in the U.S. Banks and financial institutions aren’t issuing enough small-dollar mortgages that help families with modest incomes to purchase…

Homebuyer demand for mortgages drops 10%

A sign advertising an open house in Corona Del Mar, California. Scott Mlyn | CNBC Mortgage rates have been rising since the start of the year, but buyers at first…

Homebuyers are rushing to get mortgages before rates move even higher

An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Mortgage rates are rushing…

Even with low interest rates, mortgages are becoming unaffordable

Even in the present minimal interest rate environment, mortgage payments are turning into more and more unaffordable for the median American loved ones, according to a report from the Federal…

American Express partners with fintech firms to help customers find mortgages

A genuine estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York go to an open dwelling in West Hempstead, New York on April 18,…

Homebuyers are applying for ever bigger mortgages as home prices soar

A genuine estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York stop by an open home in West Hempstead, New York on April 18,…