Mortgage Rates Drop Again—And First-Time Homebuyers Take Full Advantage

First-time homebuyers have made up a large share of 2019 mortgage loans. Mortgage rates dropped again, and according to Freddie Mac, the downward spiral has first-time buyers gaining ground. In fact, of all the loans Freddie Mac has purchased in 2019, 46% came from first-time homebuyers—a two-decade high for the […]

Low Mortgage Rates, Rising Incomes Nudge Housing Affordability In The Right Direction

Low mortgage rates and rising incomes are increasing housing affordability across the country. GETTY Mortgage rates have hovered below 4% for 10 weeks now, and their impact on overall housing affordability is starting to show. According to new data, housing affordability is actually at its highest point in 18 months—despite a […]

Mortgage rates are low. Here’s how to figure out the best plan for your budget

The recent drop in mortgage rates may have you dreaming of buying a new home or refinancing your current house. You’re not alone. Housing sentiment has surged thanks to those low rates, according to government-sponsored mortgage giant Fannie Mae. Its monthly survey, released Monday, shows that positive sentiment in March jumped to […]

Homebuilders are not getting a bump from lower mortgage rates

David Paul Morris | Bloomberg | Getty Images A contractor uses a hammer while working on townhouse under construction at the PulteGroup Metro housing development in Milpitas, California, Oct. 25, 2018. Mortgage applications to purchase a newly built home dropped 11 percent in November, compared with a year ago, according […]

Mortgage rates drop to 2-month low—an unexpected holiday gift to housing

Daniel Acker | Bloomberg | Getty Images Prospective buyers and a real estate agent, center, enter a home for sale in Warren, Michigan. Americans may be losing money in their stock portfolios this week, but they are gaining purchasing power in the housing market. Mortgage rates are falling sharply, as […]