US household debt hits a new record, NY Fed finds
American household debt reached a record $18.59 trillion in the third quarter of 2025, rising $197 billion, according to the Federal Reserve Bank of New York's latest report.
Bessent says US housing market in 'recession' due to Federal Reserve interest rate policies
Treasury Secretary Scott Bessent said the U.S. housing market is in a recession due to high interest rates, and repeated his call for Fed cuts to lower mortgage rates.
Is now the right time to get a mortgage – or should you wait until December?
The Federal Reserve cut interest rates for the second time this year, but Chair Jerome Powell signaled a December cut isn't guaranteed, leaving mortgage timing unpredictable.
Mortgage rates fall for fourth consecutive week, lowest level in over a year
The average rate on the 30-year fixed mortgage fell this week to 6.17%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.19%.
Venmo to roll out rent, mortgage, retail payment feature in 'first-of-its-kind' partnership
PayPal is expanding Venmo’s capabilities in 2026, allowing users to pay rent, mortgages and retail merchants through a new partnership with Bilt Rewards.
Mortgage rates drop to lowest level in over a year as buyers regain leverage
The average rate on the 30-year fixed mortgage fell this week to 6.19%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.27%.
Mortgage rates fall for second straight week as shutdown, economic uncertainty weigh
The average rate on the 30-year fixed mortgage fell this week to 6.27%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.3%.
How homeowners can earn rewards points for paying their mortgage
Bilt CEO Ankur Jain announced on Tuesday the company's partnership with the nation's largest mortgage lender, United Wholesale Mortgage.
Mortgage rates fall for first time in 3 weeks
The average rate on the 30-year fixed mortgage fell this week to 6.3%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.34%.
Why are mortgage rates increasing despite a rate cut from the Fed?
Mortgage rates are climbing for the second week in a row, even after the Federal Reserve’s first rate cut in nearly a year — highlighting how a range of factors drive rates on home loans.
Mortgage rates climb for second straight week
The average rate on the 30-year fixed mortgage rose this week to 6.34%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.3%.
Nearly 1 in 5 American homes slash prices as buyers gain upper hand in shifting market
Home price reductions reached 19.9% of listings in September, with Denver, Portland and Indianapolis leading major metros in seller markdowns.
Mortgage rates rise for first time since July
The average rate on the 30-year fixed mortgage rose this week to 6.3%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.26%.
Mortgage rates fall again, refinances jump to highest level since 2022
The average rate on the 30-year fixed mortgage fell this week to 6.26%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.35%.
What the Fed’s first rate cut of the year means for your wallet
Fed's first rate cut of the year could save credit card users $1.92 billion in interest annually while possibly reducing returns on savings accounts and certificates of deposit.
Homeownership costs spike as insurance premiums, other fees rise
U.S. homeowners with mortgages now spend 21.4% of income on housing costs as monthly expenses jumped nearly 30% over five years, the Census Bureau reported.
Mortgage rates tumble, marking largest weekly drop in a year
The average rate on the 30-year fixed mortgage fell this week to 6.35%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.5%.
Homeowners’ wealth may be shrinking as price gains lag inflation
Home equity erosion occurs when inflation outpaces home price growth, reducing homeowners' wealth in inflation-adjusted terms when they borrow against their home or sell.
Mortgage rates tumble to lowest level since October 2024
The average rate on the 30-year fixed mortgage fell this week to 6.5%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.56%.
Mortgage rates fall to 10-month low
The average rate on the 30-year fixed mortgage fell this week to 6.56%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.58%.