Best mortgages for first-time homebuyers
If you have decent credit, US Bank might be a good option for your mortgage. The lender offers conventional, FHA and VA loans, and its rates are some of the lowest of lenders we analyzed. You can also apply fully online and get valuable closing cost discounts if you use other US Bank services.
What the Fed rate cut means for mortgages, loans and credit cards
The Federal Reserve has made its first rate cut in 14 months, with more expected in 2024. Here are the smart money moves to consider.
What does the Fed interest rate cut mean for mortgages and homebuyers?
Mortgage rates closely track the yield on a 10-year Treasury bond, or the amount paid to a bondholder annually. In the aftermath of the Fed’s rate cut on Wednesday, the yield on a 10-year Treasury bond ticked slightly upward, defying the nudge downward by the central bank.
Considering a mortgage refi? Lower rates are just one factor when refinancing a home loan
Mortgage rates are influenced by several factors, including how the bond market reacts to the Federal Reserve’s interest rate policy decisions. That can move the trajectory of the 10-year Treasury yield, which lenders use as a guide to pricing home loans.
The Fed Has Cut Rates. Is Now the Time to Refinance Your Mortgage?
Now that the Federal Reserve cut its benchmark interest rate, is it your turn?More than four million homeowners could benefit from refinancing their home loans, according to mortgage data provider ICE.
Want a Mortgage? Here's the Credit Score Range You Need
Most mortgage lenders want you to have a credit score of at least 620 -- but there are exceptions. Read on to learn more ...
FHA loan requirements for 2024
To qualify for an FHA loan, your maximum DTI can’t exceed 50%, and your total mortgage payments can’t exceed 31% relative to ...
Risks of Home Equity Loans and How To Avoid Them
Our guide can help you understand home equity loan risks and how to protect your financial future from the drawbacks of home ...
Mortgage rates are coming down — and home buyers are ready to pounce
Homebuyers are rushing to take advantage of lower mortgage rates following the Federal Reserve’s recent interest rate cut.
My financial advisor says I shouldn't pay 100% cash for a house — is it better to take out a mortgage and invest in the S&P 500 instead?
Paying cash for a house makes very little sense for a few reasons, including giving up one of the biggest perks of home ...
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Best Home Equity Loan Rates for September 2024
Here’s a more detailed explanation of how we make money . Katherine Watt is a CNET Money writer focusing on mortgages, home equity and banking. She previously wrote about personal finance for ...
What Are the Risks of Taking Out a Home Equity Loan?
Home equity loans can be a cheap source of cash for homeowners, but they come with risks that shouldn’t be ignored.
The Fed says its long-awaited rate cut is apolitical, even close to the presidential election
The Federal Reserve’s first key interest rate cut in four years coincides with another major four-year event: the homestretch of the presidential election. Fed Chair Jerome Powell downplayed the ...