Even the smallest changes in mortgage rates can result in big savings. This is how much homebuyers may be able to save a month every time mortgage rates drop.
Mortgage rates may not come down to correspond with the U.S. Federal Reserve's interest rate cut as many homebuyers had hoped.
New American Funding Regional Vice President Ralph DiBugnara discusses whether homebuyers may want to wait until mortgage rates fall to purchase a home—and the risks to doing so.
Homebuyers looking to save money may be able to secure a discount by using cash. But how do you become a cash buyer? Here's the answer.
Mortgage rates have been declining since May. That's driving an increase in people seeking to take advantage of the market by refinancing their mortgage.
Fears of a looming recession recently pushed mortgage rates down to their lowest levels in more than a year. While real estate experts placed the odds of a recession at less than 50%, an economic slump could make buying a home more affordable.
Many homebuyers and homeowners hoping to refinance their high-interest loans were pleasantly surprised when mortgage rates tumbled down this week to their lowest level in more than a year.
The U.S. Federal Reserve held its interest rates steady at its July meeting. But the Fed is widely expected to make its first rate cut in September if inflation continues to cool. That could lead to lower mortgage rates.
To find out how much quicker down payment assistance can help buyers get into a home, New American Funding calculated how long it would take homebuyers to save up for an 8% down payment on a typical home in 10 large metropolitan areas.
The housing market is becoming a bit more friendly to buyers as inventory continues to rise. That's giving buyers the opportunity to shop around and even negotiate some of those prices down.
Smart Moves Start Here.