More first-time buyers are weighing adjustable-rate mortgages for lower initial payments, but lenders and analysts say the tradeoff deserves careful planning.
A five-year outlook suggests home loan rates may ease only modestly unless inflation, bond yields, or the Federal Reserve move sharply in a different direction.
Rutgers said students in one building and a neighboring complex were affected after a blaze on Louis Street spread water damage and forced emergency housing help.
Town officials say the change could lower monthly mortgage costs, cut required household income, and help recruit volunteers.
Millions of prospective buyers are finding that income rules, not just credit scores, now determine whether they can tap housing help.
Realtor.com says price-per-square-foot fell nationally for a 10th straight month, while most major metros saw year-over-year drops in August.
Refinance locks fell again in August while purchase loans stayed the dominant share of mortgage activity, according to Optimal Blue data.
National average home-loan rates moved lower at the start of a holiday-shortened week, with bigger declines in shorter-term and adjustable products.
Borrowers with strong credit can still tap home equity for major expenses, but monthly costs vary sharply by term and lender.
A new Market Clock report says buyer leverage is growing, but the shift varies widely by city, price range, and property type.