MortgageRates

Home Prices Rise in Nearly All Major U.S. Cities

Home prices rose in nearly all major U.S. cities in April, further evidence that the housing market is slowly improving. According to the Standard & Poor's/Case-Shiller home price index, the only top 20 metro area to see prices fall was Detroit.

Builders Start More Single-Family Homes; Permit Requests Surge

U.S. builders started work on more single-family homes in May and requested the most permits to build homes and apartments in three and a half years. The increase suggests the housing market is slowly recovering even as other areas of the economy have weakened.

6 Simple Reasons Why You Shouldn't Buy a Home

Houses are cheap. Interest rates are low. And the economy is improving. Even Warren Buffett says that housing might be the best investment today. So should you run out and buy a home? Not necessarily.

Fixed Mortgage Rates Hover Near Lows for 6th Week

The average rate on the 30-year fixed mortgage hovered above its record low for a sixth straight week. But the super-low rates aren't providing a lift to the struggling housing market. Rates have been below 5 percent for all but two weeks this year. Yet this year could be the worst for home sales in 14 years.

Women Don't Shop Enough -- for Their Mortgages

There's a surprising new finding that says women get lousier mortgage rates than men, but not because of gender discrimination. It's because instead of shopping around, they rely on friends' recommendations.

Obama's Refinance Plan Explained

The Obama administration is revamping a program that's designed to let more homeowners refinance their mortgages even if they don't have any equity. This isn't a new program, but instead attempts to turbo-charge an existing federal initiative called the Home Affordable Refinance Program. Here's a look at some frequently asked questions.

No Low-Rate Refis for Underwater Homeowners

Today's record-low mortgage rates are out of reach for millions of U.S. homeowners who would benefit from them most. These "underwater" borrowers have virtually no shot at refinancing. Their plight is a drag on the housing market and the broader economy.

The Lowest Mortgage Rate, Ever!

America reached a milestone on Thursday: the lowest home mortgage rate in history. But at the same time as this astounding announcement, The Wall Street Journal reported that U.S. home ownership declined 1.1% over the past decade, the biggest drop since the Great Depression. What does it all mean for homeowners, home shoppers, and real estate investors?

Economists Mixed on Fed's 'Operation Twist'

As Ben Bernanke pulled a trick from the 1960s Fed handbook to twist down long-term interest rates, experts are mixed on how it will affect the U.S. economy. Wall Street certainly reacted negatively to the news. The Dow fell more than 280 points.

Refinancing Tips: How to Snag Today's Low Rates

With the 30-year fixed-rate mortgage down to 4.09%, -- another record low -- it's a great time to refinance. But before you go running off to your lender to catch the best rates since 1951, get yourself straight. According to LendingTree, many people are making major refinancing mistakes that can cost them dearly.

Homeowners Move Away From 30-Year Mortgages

With the historically low interest rates, many homeowners with 30-year mortgages have been leaving their loans for younger models. According to a new report from Freddie Mac, more homeowners are refinancing into 15- and 20-year mortgages than ever before.

The Housing Bottom Is Here, Says Economist Russell Price

For nearly two years, economists and real estate experts have been on the lookout for the bottom of the housing market. That time is here, says Russell Price, a senior economist with Ameriprise Financial, a financial services company.

Why mortgage rates aren't falling

With the Fed holding rates for the foreseeable future, you may think this is a great time to refinance your mortgage or buy a new home. But because...