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Rocket Mortgage Classic: How to watch, preview, tee times, more

The PGA Tour is hosting the Rocket Mortgage Classic in Detroit, Michigan, where Rickie Fowler will be defending his title. After three weeks of spectacular golf, the tournament won’t feature the top-ranked players, but it will feature some strong golfers looking to climb the FedExCup ladder. The Donald Ross designed Detroit Golf Club is one […]

How the US national debt is keeping mortgage rates elevated

Economist Peter Morici breaks down what the national debt is, why it has ballooned to more than $34 trillion, and what it means for Americans. Home buyers in the United States Federal Reserve They are eagerly awaiting interest rate cuts that could bring relief from painfully high borrowing costs. But there’s another factor that could […]

We escaped the rat race and now live mortgage free — here’s how we did it

The Australian family has spent the past five years travelling around the country relying on income from an investment property. Amy and Jack Bell, aged 30 and 31 respectively, and their three children from the Gold Coast, have been living this lifestyle for the past five years, outside the rat race that many of the […]

Mortgage rates drop for third week in a row, but home buyers remain reluctant

Mortgage rates may be falling, but buyers aren’t convinced now is the right time to buy. (iStock ) There’s good news and bad news about mortgage rates this week. The good news is that rates continue their gradual downward trend, with a 30-year fixed rate mortgage averaging 6.87%. Freddie Mac is. While this is encouraging, […]

Mortgage rates drop below 7% for first time since March

Mortgage rates fell below 7% last week for the first time since March, encouraging more homebuyers to apply for loans. The 30-year fixed mortgage rate fell to 6.94% from 7.02% in the week ending June 14, according to data released Wednesday by the Mortgage Bankers Association. The five-year adjustable-rate mortgage fell to 6.27% from 6.45%, […]

Mortgage rates on the decline while applications rise: Freddie Mac

Mortgage rates are likely to continue to fall as the Federal Reserve has signaled it will start cutting interest rates. (iStock) Mortgage rates fell for a second straight week in response to positive economic data, according to Freddie Mac. According to Freddie Mac’s latest report, the average 30-year fixed-rate mortgage for the week ending June […]

Mortgage rates fall but only slightly as home prices continue rising

This week, mortgage rates fell to 6.99%. (iStock) Mortgage rates fell last week, but not by much: Rates on a 30-year mortgage averaged 6.99%, just below 7%. Freddie Mac is The firm said in its weekly rates report. The average 30-year fixed-rate mortgage rose just above 7% last week. Both last week’s and this week’s […]

Mortgage rates today Freddie Mac

Real estate investor Grant Cardon appeared on Fox & Friends to argue that now is the worst time in life to buy a house. Mortgage rates rose above the 7% threshold in the last report but fell to just below 7% this week. Interest rates remain high and are weighing on the housing market. Freddie […]

Americans typically spend about 24% of their income on mortgage payments

The average mortgage payment is just over $2,000. (iStock) Mortgage payments are up from a year ago, but still below the threshold that many mortgage experts recommend homeowners adhere to. Often recommended by homeowners Don’t spend more than 30% of your income Regarding housing costs, the average monthly mortgage payment for a single-family home currently […]