Making a big purchase, like a home, requires financial knowhow that’s not often taught in school. Learning the basics can help avoid poor decisions.
The average rate on a 30-year mortgage rose to 7.1%, the highest level since late November. The average rate for 15-year fixed-rate mortgages rose to 6.39%.
Renovations can increase a home's value and make it a more comfortable living space. One of the signs it's time to renovate could be the age of the home.
Home sales fell in March with rising mortgage rates, analysts said. The supply of homes on the market remains below the historical average.
Don’t jeopardize your chances of getting your dream home after getting preapproved for a mortgage by taking out new lines of credit or other missteps.
The average Florida home value doubled in six years. Tampa and Miami tied for having the third-fastest price doubling among large U.S. cities.
With mortgage rates hovering in the 6% to 7% range, many new buyers are looking for creative ways to save money. Temporary buydowns may be the answer.
