Rising mortgage rates and low housing supply continued to make homebuying a challenging prospect for would-be buyers, according to Freddie Mac. The average 30-year fixed-rate mortgage increased to 6.81% for the week ending July 6, according to Freddie Mac’s latest Primary Mortgage Market Survey. That’s up from the previous week when it averaged…

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. Based…

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. Based…

The average U.S. mortgage borrower lost $5,400 in home equity year-over-year in the first quarter of 2023, according to the latest Homeowner Equity Report (HER) by CoreLogic. That was the first time home equity decreased annually since 2012. Homeowners with home loans, which represented 63% of all properties, saw home…

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. Based…

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. Based…

The average long-term U.S. mortgage rate rose this week after declining for the past three weeks, according to weekly data compiled by mortgage buyer Freddie Mac. The rate on the 30-year fixed mortgage rose to 6.71% this week from 6.67% a week ago. One year ago, it averaged 5.70%.”Mortgage rates…

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. Based…

Demand for home mortgages in the U.S. climbed again last week. The Mortgage Bankers Association (MBA) said Wednesday that mortgage loan application volume jumped 3% compared with the prior week, according to its seasonally adjusted index.The Purchase Index for the week ending June 23 also rose 3%, the MBA said. …

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. Based…