Source: Rome News Tribune — The average mortgage debt held by American homeowners has risen 14%, according to Experian data. At the end of 2021, the average mortgage balance was $223,952 in the U.S., up from an average of $196,403 for the same time period in...
Source: SWNS Digital — Half of America has no idea what a mortgage actually is, new research suggests. That’s according to a recent survey that asked 2,000 Americans, 73% of them homeowners, to test their knowledge of both the housing market and financial...
Source: Bankrate — If you’re planning to buy a new home soon, you’ve likely given some thought to the maximum price you can pay and the down payment you can offer. And if you plan to finance the purchase, the monthly mortgage payment could also be on the list...
Source: Market Watch — A new property tax relief law went into effect this week in Maine, which could be a boon for seniors in the nation’s oldest state that also has the fourth-highest homeownership rate. Under the “Property Tax Stabilization Program,”...
Source: Investopedia — Rates on 30-year mortgages rose by almost four-tenths of a point Friday, extending a three-day pattern of dramatic up and down swings ranging from a third to a half a percentage point each day. National Averages of Lenders’ Best...
Source: The Mortgage Reports — Some home buyers get their mortgage loans from the home’s seller — not from a mortgage lender. This kind of financing, known as “owner financing” or “seller financing,” can help buyers who don’t meet standard mortgage guidelines...
