Mortgage Calculator: Here’s How Much You Need To Buy a $415K Home at a 6.48% Rate
Mortgage rates retreated from their nine-month-high peaks Thursday as the uneasy ceasefire between the U.S. and Iran cooled global energy prices, easing pressure on bond markets and borrowing costs. The average rate on 30-year fixed home loans decreased to 6.48% for the week ending June 4, down 5 ba
Job Growth Surges Past Expectations in May, Bolstering Odds of Fed Rate Hike
Exceeding expectations, the U.S. economy added 172,000 new jobs in May, while the national unemployment rate remained locked at 4.3% for the third consecutive month. The latest report from the Bureau of Labor Statistics released Friday showed that nonfarm payroll growth last month far surpassed prel
The Starter Home Is Gone—Now America Is Losing the Starter Rental, Too
America has spent years mourning the death of the starter home, and with it, the dream of homeownership. But for young adults today, the housing crisis began much earlier—with the disappearance of the starter rental. Before most people get a mortgage, they need that first lease: the cheap studio, re
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