Today: 16. Nov, 2024
Many worry about their financial stability as Americans grapple with rising living costs. However, a recent study by the JPMorgan Chase Institute reveals a more optimistic outlook. The research indicates that most households can manage a moderate financial shock, such as an…
The surge in U.S. construction is transforming the rental market, leading to lower rents and attractive perks for renters. With record construction activity driving new multifamily units, renters see more options and incentives. This trend has led to the most significant rental…
In a dramatic shift within the housing market, mortgage refinancing applications surged by 35% last week as interest rates reached their lowest point in over a year. This uptick reflects a notable reaction from homeowners who, after a period of adjustment, seized…
Despite years of advances in insurance coverage, homeowners are still discovering significant gaps in their policies regarding mold damage. This issue became evident for Brandi Schmitt of Lothian, Maryland, whose home was severely impacted by mold after a 2018 nor’easter. The incident…
Mortgage refinance demand has surged dramatically, up 16% last week, as mortgage rates fell to their lowest level in over a year. This sharp drop, attributed to recent economic indicators and Federal Reserve communications, has increased interest from homebuyers and current homeowners…
The average mortgage rate has hit its lowest point in over a year, thanks to a weaker-than-expected employment report. The popular 30-year fixed mortgage rate dropped by 22 basis points to 6.4% on Friday, the lowest since April 2023, while the 15-year…
Record inflation may have people questioning whether homeownership is still a good investment. With home prices rising faster than incomes, homeowners feel the financial pinch as maintenance costs soar. The Growing Cost Burden of Homeownership More than one in four homeowners with…
According to a recent report, this summer has brought a slight improvement in home affordability for buyers. The median new mortgage payment decreased to $2,167 in June, a 2.4% decline from $2,219 in May, as the Mortgage Bankers Association (MBA) reported. While…
Homeowners nationwide are facing a significant increase in their insurance premiums, with prices rising an average of 21% between May 2022 and May 2023, according to Policygenius. This unexpected surge is primarily attributed to climate change, causing concern among homeowners and experts…
Mortgage interest rates dipped slightly last week but failed to entice many potential homebuyers. Despite this modest decrease, the overall demand for home loans continues to drop as buyers hold out for more significant rate cuts. Rates Drop Marginally The average contract…
