Mortgage

Mortgage rates march higher for third straight week

Mortgage rates continued their upward climb this week, further hindering demand in the housing market amid elevated rates and high home prices. Freddie Mac's latest

News Room News Room 2 Min Read

Your best advisor to finance and money management.

Explaining Finance is your one-stop website for the latest news, updates, and tips about finance.

Latest News

Most homeowners would rather remodel their home than buy another home: study

Home remodels are gaining in popularity, particularly as prices for existing homes skyrocket. Nearly 63% of homeowners surveyed by Adobe

News Room News Room

Today's mortgage rates hold steady for 15- and 30-year terms | June 12, 2024

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the

News Room News Room

Today's mortgage rates fall for 15- and 30-year terms | June 13, 2024

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the

News Room News Room

Mortgage rates fall to 6.95%

Mortgage rates are down for the second straight week, but still remain stubbornly high for many would-be buyers. Freddie Mac's

News Room News Room

Today's mortgage rates fall for 15-year terms while 30-year terms hold steady | June 14, 2024

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the

News Room News Room

Americans explain why they are struggling to buy a home: 'Suffocated in every corner'

Whether you're a first-time buyer or eyeing an upgrade, securing your slice of the American dream may be more challenging

News Room News Room

Today's mortgage rates remain unchanged for 15- and 30-year terms | June 17, 2024

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the

News Room News Room

Freddie Mac proposes product to help homeowners tap home equity without losing record low mortgage rates

Freddie Mac wants to offer second-lien mortgages to help homeowners locked into lower-interest-rate mortgages access their home equity. Freddie Mac's

News Room News Room

Today's mortgage rates rise for 15- and 30-year terms | June 18, 2024

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the

News Room News Room

Today's mortgage rates fall for 15- and 30-year terms | June 20, 2024

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the

News Room News Room

Mortgage rates decline for third straight week

Mortgage rates are down for the third straight week, remaining in the high-6% territory. Freddie Mac's latest Primary Mortgage Market

News Room News Room

Today's mortgage rates rise for 15- and 30-year terms | June 21, 2024

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the

News Room News Room

Mortgage rates drop for third week in a row, but home buyers remain reluctant

There’s good and bad news for mortgage rates this week. The good news is rates have continued their slow downward

News Room News Room

Today's 15- and 30-year mortgage rates hold steady | May 17, 2024

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the

News Room News Room

4 key strategies for homebuyers in today’s challenging market

As we embark on the spring homebuying season, the market might seem a bit chilly at first glance. Prospective buyers

News Room News Room

Today's mortgage rates rise for both 15- and 30-year terms | May 20, 2024

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the

News Room News Room

Here's how much you need to earn to afford a home today

Affording a home today requires households to earn good money and have a sizeable down payment saved, according to a

News Room News Room

Today's mortgage rates hold steady for 30-year terms | May 21, 2024

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the

News Room News Room