The average U.S. homeowner now has about $290,000 in equity thanks to substantial home price gains, according to CoreLogic’s latest homeowner equity report.    Home prices across the nation have increased for five straight months and posted a month-over-month increase of 0.7% in June, as the latest S&P CoreLogic Case-Shiller U.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…

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…

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…

Investors will gear up for the start of earnings season with the big banks kicking off results and the United Auto Workers strike against Detroit’s Big Three entering its fourth week.  Stocks rose Friday and for the week after a stronger-than-expected September jobs report. Ticker Security Last Change Change % I:DJI…

Mortgage rates rose again this week, continuing their upward march and contributing further to plummeting demand in the housing market as more would-be buyers retreat. Freddie Mac’s latest Primary Mortgage Market Survey released Thursday shows the average rate for the benchmark 30-year fixed-rate mortgage jumped to 7.49%, up from 7.31%…

Home sales in the U.S. increased 0.7% month-over-month in July to 387,374 – representing the most significant bump since the beginning of the year, according to the latest data by Redfin.  However, home sales have yet to reach pre-pandemic levels and still sit at 5.4% above the low point from…

The average interest rate for a 30-year fixed-rate mortgage rose to 7.31% this week, signaling a high not seen since the year 2000, according to the latest data by Freddie Mac. That’s an increase from last week’s average of 7.19%. Additionally, the average rate for a 15-year fixed rate mortgage…

The average rate on the benchmark 30-year fixed mortgage surged again this week, hitting the highest level in nearly 23 years. Freddie Mac’s latest Primary Mortgage Market Survey released Thursday shows that the average rate for a 30-year fixed note climbed to 7.31%, up from 7.19% last week, and from…

Home price gains climbed to a new high across the nation in July defying affordability challenges that have kept many homebuyers on the sideline, according to the latest  S&P CoreLogic Case-Shiller Indices report. Home prices have increased enough over the last six months to recover the 5% loss between June…