The Fed’s decision to keep rates unchanged still has far-reaching implications for almost all forms of borrowing as well as ...

Though the Fed's policy changes have a ripple effect on all short-term lending rates, the central bank doesn't directly set ...

A letter of explanation for a mortgage is a document that addresses red flags that might derail a mortgage approval, such as ...

Downsizing involves moving out of your current home to a smaller, ideally less expensive property. The most common reasons to ...

Rates on 30-year new purchase mortgages have climbed notably higher, rising for two consecutive days to touch the 7% mark ...

Consumer confidence in the future of the UK economy has plummeted to the lowest levels seen since the height of the cost of living crisis due to concerns about global events such as the impact of the ...

April, mortgage rates reversed course and held roughly steady last week. Here's how much rates and monthly payments have ...

Here’s a beginner's guide to mortgages intended to help you start your homebuying journey with confidence. If you’re ready to ...

Most monthly mortgage payments include four main components, often referred to as PITI (Principal, Interest, Taxes and Insurance): Lenders typically require an escrow account, where a portion of your ...

Mortgage reserves are cash or other easily accessible assets you could use to make mortgage payments, above and beyond your ...

A rate and term refinance is used to pay off the current loan, including late fees or prepayment penalties that the borrower ...

A first-time homebuyer is someone who has never owned a home before, or someone who hasn’t owned a home for at least the ...