The administrative fees tacked onto closing costs help brokerages cover everything from paperwork to meeting regulatory requirements, but many industry experts say those extra costs are scamming buyers
Mortgage rates posted their largest increase in over a month last week, but despite another blow to housing affordability, applications to purchase a home inched higher
After consecutive declines, the interest rate for a 30-year mortgage reversed course in April, forcing would-be buyers to exercise patience in a costly market
The Federal Reserve is slowing its aggressive rate hikes amid cooler inflation and a weaker labor market, and long-delayed homebuyers are being quick to respond