Homeowners are feeling the weight of surging tax and insurance costs, and first-time buyers are sometimes waking up to unpleasant surprises when they see the bill, according to a new analysis. Processing Content Property taxes and homeowners insurance costs now make up an average of 21% of monthly mortgage payments across the U.S., according to […]
Taxes, insurance eat 21% of mortgage payments Read More »
Rent increases are outpacing home-price growth in the majority of counties in the United States, shrinking the affordability gap between renting and buying, a new industry report shows. Processing Content Median rents rose at a greater rate than median sales prices in 229, or 55%, of the 416 counties with sufficient rent and price data
Rent increases outpace home-price growth: Attom Read More »
Mortgage lenders left their desks Friday with the 30-year fixed finally below 6%. When they returned Monday morning, the market was in turmoil, with the benchmark 10-year Treasury at one point up 11 basis points from the previous close. Processing Content As a result, the 30-year fixed rate mortgage moved up 2 basis points this
Oil price shock pushes mortgage rates back above 6% Read More »