Inflation may be easing, but many Americans just aren’t seeing it as prices for everyday items remain higher than they were before the pandemic and even after inflation peaked in the summer of 2022. “The challenge with inflation is it’s cumulative. So, if inflation goes up 8% one year, 10%…

Amid a volatile interest rate environment and a housing market battered by high home prices, many real estate agents expect homebuying to remain at slow pace through the end of 2023, according to a survey by Bright MLS – a real estate company covering the Mid-Atlantic region. In fact, nearly…

The interest rate on a 30-year fixed-rate mortgage is 8.000% as of November 13, which is 0.125 percentage points higher than Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 7.625%, which is unchanged from Friday. With mortgage rates changing daily, it’s a good idea to check today’s…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The…

Mortgage rates dropped for a second consecutive week but remain at the highest level in more than two decades, providing little relief for those taking on new home loans. Freddie Mac reported Thursday that the average rate on the benchmark 30-year fixed mortgage fell to 7.5% from 7.76% the previous…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The…

Mortgage servicing firm Mr. Cooper has been dealing with a cyberattack for more than a week that has disrupted customers’ access to the company’s site and payment platform. Mr. Cooper is one of the largest mortgage servicers in the U.S. with about 4.3 million customers and mortgage servicing rights worth…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The…

In a housing market plagued by record-low availability, homebuyers could see more listings as back-to-office mandates force sellers to find a deal sooner – even if it means taking a loss. In fact, return-to-work policies are encouraging one in 10 (10.1%) U.S. home sellers to move, according to a survey…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The…