Potential homebuyers may be able to save money with a little-known financing option, but they still need to watch their credit.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, increased to 6.82% from 6.77%; Applications for a mortgage to

Homeownership is often seen as a cornerstone of the American Dream. But for some who bought in recent years, it’s become a costly source of stress.

Americans saw a chance to save a few dollars on their monthly mortgage payments and took it, pushing refinance applications up 40% versus a year ago.

Mortgage applications dropped 10.0% amid rising interest rates and post-holiday adjustments.   Refinance activity declined 7%, while purchase app

But in 2023 the average rate on a 30-year fixed mortgage was 6.8%, its highest in 22 years. Last year it was only slightly lower. And so the tricks of 40 years ago are back. Mr Sabic is among a small but growing band of homebuyers who have taken over their seller’s mortgage.

Tariffs are pushing 10-year Treasury yields higher—here’s why that could mean bad news for your mortgage refinancing plans and long-term borrowing costs.

High housing costs, soaring interest rates, and a shortage of available homes continue to challenge potential buyers across the country. With 30-year mortgage rates nearing 7%, many are left wondering about relief.