Down payments reached a record high in May and June due to elevated home prices and heated competition, but as an affordability crisis becomes more widespread, buyers are pulling back
Homebuyers in metro Denver are being forced to pull out of home purchase agreements for homes already under construction following the Fed's consecutive rate hikes
Housing affordability recently took another hit as the 30-year fixed mortgage rate reached 7%, and a growing number of prospective buyers are struggling to stay in the game
With the help of his solar loan fintech company, GoodLeap, Hayes Barnard is hoping to finance solar installations for a growing number of households across the U.S.
The Federal Reserve raised the 30-year fixed-rate mortgage yet again on Wednesday, and with more gains expected in the months ahead, housing experts warn a recession could soon follow
Buying a home is becoming increasingly unaffordable as borrowing costs and home prices inch ever-higher, but adjustable-rate mortgages (ARMs) might offer a solution
The 30-year fixed-rate mortgage just surpassed 6%, and while pricier borrowing costs will push homeownership out of reach for some would-be buyers, others will benefit from less competition and more bargaining power