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.
Bankrate says the national average on a 30-year fixed mortgage moved higher, while experts say the 10-year Treasury’s rise is keeping pressure on borrowing costs.
Residents say wastewater, toilet paper and sewage have spread across the Northeast Side complex since Saturday, raising concerns for children and families.
Freddie Mac’s latest reading puts borrowing costs at their highest point in more than a year, and Realtor.com economists see limited room for improvement.
The city and its community foundation are using cash, low-interest loans and free land to push new housing in a town of about 850 people.