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Mortgage Articles | Page 4

Buying a home is probably your life's most costly undertaking. Learn how to find the best lenders and get the best interest rates and you can save tens of thousands of dollars.
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Recent Articles

a bunch of hundred dollar bills in the shape of a house
Sept. 13, 2024 | By Kristi Waterworth

Mortgage Rates Are About to Drop. Here's Why You Probably Shouldn't Refinance

Dropping mortgage rates usually result in a lot of knee-jerk refinances, but they're not always to your benefit. Find out what to consider here.
A man and woman standing with their arms around each other looking out a large window with moving boxes in the living room behind them.
Sept. 12, 2024 | By Kristi Waterworth

Prediction: The Fed Will Cut Rates in 2024, But Not Enough

The Federal Reserve Board is poised to cut the federal funds rate in a couple of weeks, but it won't be enough to shift the housing market. Find out why here.
Folded currency bills in the shape of a house
Sept. 10, 2024 | By Kristi Waterworth

Here's the Average American's Mortgage Balance. How Do You Compare?

Housing prices are way up, and so is mortgage debt. How much is considered average today? Read on to find out.
Woman holding glasses with one hand on computer keyboard.
Sept. 9, 2024 | By Kristi Waterworth

Prediction: When Interest Rates Fall, These Borrowers Should Refinance

Everyone is speculating about the coming interest rate cuts, but who do they really benefit? Find out who needs to refinance in September.
A couple signing paperwork with a realtor in a new house.
Aug. 30, 2024 | By Kristi Waterworth

3 Ways to Get a 5% Interest Rate on Your New Home's Mortgage

Although the Fed is expected to start a slow rate drop in September, you can get a 5% mortgage now. Read on to find out how.
A couple decides whether to sign a mortgage agreement or not while sitting at a desk in a bank.
Aug. 29, 2024 | By Kristi Waterworth

When Is the Right Time to Refinance Your Mortgage?

With interest rates forecast to start their travel downward, it might be time to think about your mortgage rate. Read on to learn the best time to refinance.
A man and woman meeting their realtor at the front door of a house with a For Sale sign out front.
Aug. 27, 2024 | By Kristi Waterworth

Here's The Average American's Mortgage Payment. How Do You Compare?

Comparing your mortgage payment to others may seem pointless, but it can help you gauge where you stand. Read on to learn more.
a bunch of hundred dollar bills in the shape of a house
Aug. 27, 2024 | By Kristi Waterworth

Prediction: A 0.75% Federal Funds Rate Cut Will Reignite the Housing Market

Waiting for your time to jump into the housing market? Find out why now is the time -- before the market catches fire again due to interest rate cuts.
a bunch of hundred dollar bills in the shape of a house
Aug. 26, 2024 | By Emma Newbery

​​Mortgage Rate Cuts Loom: Here's How to Know You Should Refinance

Mortgage rates have already slipped below 6.5% and may fall further when the Fed cuts rates. Find out what refinancing might mean for your mortgage payments.
Two smiling people sitting on the floor between moving boxes.
Aug. 25, 2024 | By Dana George

Bad News for Home Sellers May Be Good News for Buyers

After years of red-hot home prices, the market looks to be softening. See what that will likely mean for homeowners looking to sell.
Two people viewing the interior of a house with a realtor.
Aug. 25, 2024 | By Ashley Maready

5 Mortgage Mistakes That Could Be Costing You a Fortune

There are a lot of ways to overspend as a prospective homeowner. Read on for mortgage pitfalls to avoid when you're ready to buy a home.
Mortgage lender goes over documents with couple.
Aug. 23, 2024 | By Kristi Waterworth

What Mortgage Interest Rate Can You Get With a Credit Score of 720?

Knowing your mortgage interest rate before you even start shopping for mortgages can give you a leg up. Read on to learn how your score affects them.
A couple negotiating with a lender at a table with paperwork.
Aug. 21, 2024 | By Matt Frankel, CFP®

2 Costly Mistakes to Avoid When Refinancing Your Mortgage

If you bought a home with a high mortgage rate in recent years, refinancing could make sense. But here are two mistakes to watch out for.
Couple lounging by an inground pool in the back yard of a large home.
Aug. 20, 2024 | By Robin Hartill, CFP

What Would My Monthly Payment Be on a $1,000,000 House?

In many real estate markets, $1 million homes are becoming the norm. Find out what you'd owe every month on a million-dollar house.
Woman holding glasses with one hand on computer keyboard.
Aug. 20, 2024 | By Emma Newbery

Will I Be Able to Afford a House if Rates Fall?

Housing affordability is the worst it's been since the 1980s. Find out why falling rates could help, as long as property prices don't increase even more.
A glass jar that reads House Fund half filled with coins
Aug. 20, 2024 | By Chris Neiger

What Would My Monthly Payment Be on a $600,000 House?

You can help control the monthly price of your home. Read on to find out what steps to take.
Couple meeting with banker in an office.
Aug. 18, 2024 | By Steven Porrello

Should You Use Your 401(k) to Pay Off Your House?

If you have enough in your 401(k) to pay off your house, should you do it? Learn when it makes sense and when it will cost you.
A realtor showing a smiling couple a new home.
Aug. 18, 2024 | By Matt Frankel, CFP®

What Would My Monthly Payment Be on a $400,000 House?

Mortgage rates have come down significantly in recent weeks. See how it could impact your ability to afford a home.
Family talking to realtor by extra modern home.
Aug. 16, 2024 | By Chris Neiger

$1 Million Starter Homes Are the Norm in This State

Starter home prices have spiked nationwide. Read on to find out where it's the most expensive to buy.
A couple happily shakes hands with a real estate agent in an office.
Aug. 16, 2024 | By Matt Frankel, CFP®

Prediction: Mortgage Rates Will Drop in 2025

Mortgage rates have fallen sharply from their highs recently, but this could be just the start. Read on to see where rates are going next year.
A glass jar that reads House Fund half filled with coins
Aug. 13, 2024 | By Danielle Antosz

Here's Why I Stopped Making Extra Payments on My Mortgage

When I bought my home in 2021, I paid extra toward the principle every month. Then I did some math and decided to invest that extra money instead.
A smiling couple talking to a woman who is showing them a tablet.
Aug. 12, 2024 | By Matt Frankel, CFP®

Mortgage Rates Just Plunged. Is It Time to Refinance?

30-year mortgage rates just fell to a 15-month low. Find out how to tell if refinancing is right for you.
a bunch of hundred dollar bills in the shape of a house
Aug. 10, 2024 | By Matt Frankel, CFP®

Here's How Low Mortgage Rates Could Go in 2025

The Federal Reserve is widely expected to lower interest rates soon. Could it finally make buying a house cheaper? Learn the latest projections here.
Family spending time together on the front porch of a rural home.
Aug. 7, 2024 | By Kristi Waterworth

Here's Why You'll Definitely Want to Buy Your First Home in a Rural Town

Buying a first home is tough, but if you choose a rural town for your home sweet home, you'll thank me. Find out why here.
An air conditioner repairman uses a clipboard to explain the cost of repairs to the homeowners.
Aug. 7, 2024 | By Kristi Waterworth

The Average Cost of Home Maintenance Is Up, Now $10,000 a Year. How Do You Compare?

With the cost of home maintenance up, saving every nickel you can is vital. See what's the most expensive and how to fight back.