Source: Forbes UK — One fifth (20%) of UK homeowners say they are unsure how they will afford their next mortgage payment, according to a recent survey by our online mortgage broker partner, Trussle. The online survey gathered responses from 2,000 homeowners...
Source: Bankrate — For many people, buying a home requires a pile of cash, putting homeownership out of reach. However, for those who qualify because of their military service (or spouse’s military service), it’s possible to get help buying a home with little...
Source: CNBC — Mortgage applications to purchase a home rose 8% last week compared with the previous week, bolstered in part by demand for adjustable-rate mortgages, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications were,...
Source: Redfin — An increasing share of home sellers are lowering their asking price as rapidly rising mortgage rates cut into buyers’ budgets and homebuying sentiment drops. Price drops are especially common in mid-sized metros in the West–particularly in...
Source: Mortgage News Daily — Mortgage rates surged well into the 6% range last week before quickly cooling down after Wednesday’s Fed announcement. The average top tier rate was nearly back below 6% by Friday. Today’s market movement means that...
Source: Redfin — A homebuyer on a $2,500 monthly budget has lost nearly $120,000 in spending power since the end of last year as mortgage rates have nearly doubled. That buyer can afford a $399,750 home at today’s mortgage rate of roughly 6%. That’s a...
