You Searched For "refinance mortgage" and got 20 results
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1 min read
Borrowers are rushing to refinance their mortgages as rates tumble to the lowest level in over a year
As mortgage rates fall, refinancing applications soared 34.5% last week to the highest level in ove…
Kelly Cloonan
2 mins read
Bond giant PIMCO sees another wave of bank failures coming as commercial mortgage trouble mounts
A high concentration of commercial real estate loans will cause more banks to fail, Pimco's John Mu…
Filip De Mott
1 min read
Commercial mortgage lending to jump 29% in 2024 after slowest year in a decade, Mortgage Bankers Association says
Last year's estimated $444 billion in commercial lending could mark the lowest level in a decade, t…
Filip De Mott
2 mins read
Mortgage rates spike above 7% for the first time this year as the market adjusts to delayed Fed cuts
March saw the largest monthly drop in existing home sales in over a year, the National Association …
Yuheng Zhan
2 mins read
The housing market may finally be thawing as mortgage rates and housing inventory improve
Mortgage rates and housing inventory are moving in opposite directions as March kicks off, suggesti…
Phil Rosen
5 mins read
What is a balloon mortgage, and should you get one?
Balloon mortgage monthly payments are smaller than with a regular mortgage, but you'll make a large…
Laura Grace Tarpley, CEPF
1 min read
JPMorgan is cutting over 1,000 workers from its home-lending unit as Fed rate hikes cool the market for refinances and purchases, report says
More than 1,000 workers will be affected, Bloomberg reported, with half being reassigned and half l…
Dominick Reuter
2 mins read
Mortgage refinancing surges nearly 20% in one week, MBA says
Falling mortgage rates are pushing current borrowers to rush to take advantage of the slide, boosti…
Aruni Soni
4 mins read
I downsized to an ADU I built in my Sacramento yard. I pay only $520 toward my mortgage and am saving up for my next home.
Blanca Barragan moved into an ADU and rents out rooms in her home. It covers about $2,200 of her mo…
Alcynna Lloyd
1 min read
Mortgage rates are falling at the fastest pace since the 2008 housing market crash
The 30-year fixed mortgage rate has plunged by 69 basis points in a five-week period, its sharpest …
Filip De Mott
2 mins read
Office-to-residential conversions have surged 357% since 2021 as billions in commercial mortgages come due
Pandemic work-from-home trends have left countless office buildings empty, crushing property values…
Phil Rosen
1 min read
CHART OF THE DAY: Mortgage rates will stay above 6% through 2025, Goldman Sachs says
Goldman previously had expected the 30-year mortgage rate to be at 7.1% by the end of 2024 and at 6…
Matthew Fox
6 mins read
HENRYs are turning to a little-known and risky type of mortgage as home prices soar
Interest-only mortgages offer lower monthly payments, initially. But they also carry risks.
Eliza Relman
1 min read
Americans are applying for mortgages at the lowest rate in 28 years
Sky-high mortgage rates have kept many Americans sidelined, and mortgage applications for home purc…
Phil Rosen
3 mins read
Americans could save up to $300 a month on their mortgages if interest rates drop as expected in 2024
Discover how potential interest rate cuts could help homeowners with high-interest mortgages save o…
Cork Gaines
5 mins read
I'm buying a house in 2024. Here's why I'm sticking with a traditional fixed-rate mortgage despite the trendier options promising to save me money.
I'm buying a house in Austin with a fixed-rate mortgage despite high interest rates and the increas…
Cork Gaines
1 min read
Mortgage rates log biggest drop in over a year amid falling bond yields
Mortgage demand jumped as Treasury yields tumbled, and average rate on the most popular US home loa…
Phil Rosen
1 min read
Mortgage applications to buy a home surge to the highest in 11 years as rates hit a survey low
"The housing market continues to experience the release of unrealized pent-up demand from earlier t…
Carmen Reinicke
4 mins read
A California homeowner fixed up her converted garage and rents it on Airbnb. It now pays for her mortgage.
A California homeowner explains how she converted a garage into a rental apartment. Now her Airbnb …
Eliza Relman
1 min read
Mortgage demand hits a 22-year low as climbing rates and surging inflation weigh on US housing market
Mortgage rates have nearly doubled this year, sending mortgage applications and refinancing demand …