- Homebuyers
- July 6, 2026
Great, You’re Pre-Approved! Now It’s Time to Secure the Mortgage
Here’s what happens following receiving a loan pre-approval letter and how to avoid surprises before closing day.
Senior Staff Writer, New American Funding
Margaret Heidenry is a writer at New American Funding. She was previously an editor and writer at Realtor.com. Her work has appeared in the New York Times Magazine, Vanity Fair, and Boston Magazine.
Here’s what happens following receiving a loan pre-approval letter and how to avoid surprises before closing day.
Mortgage rates eased this week, falling to their lowest level in seven weeks as homebuyer demand continued to edge higher.
Mortgage rates remained largely unchanged this week, extending a six-week stretch of stability that has kept borrowing costs in the mid-6% range.
A sweeping bipartisan housing bill may help address the nation’s housing shortage is one step away from becoming law.
Instead of trying to time the market, more homebuyers are adjusting their expectations and making plans based on today's borrowing costs.
Mortgage rates moved down this week as the war in Iran appears to be moving closer to an end.
Today’s housing market has left many would-be homebuyers asking one big question: Is it smarter to buy a home or keep renting?
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The typical household can now afford a larger share of homes on the market than just a few years ago.
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