Mortgage
Mortgage rates fall slightly, ending 6-week climb
Mortgage rates barely moved this week after marching higher for the past month and a half, while purchase demand remains stalled in the stagnant housing…
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
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…
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…
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…
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…
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…
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…
Renting is slightly cheaper than buying, pushing Gen Z to rent more often than buy
Owning a home is an expensive challenge for Gen Zers and millennials. Renting remains the more affordable option, but in…
Today's mortgage rates hold steady for 30-year terms while 15-year terms edge up | May 22, 2024
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the…
Today's mortgage rates hold steady for 30-year terms while 15-year terms edge up | May 23, 2024
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the…
Mortgage rates dip below 7%
Mortgage rates declined for a third consecutive week, falling below 7% for the first time in over a month as…
Mortgage rates fall below 7%, but affordability remains a dream for many: Freddie Mac
Mortgage rates are back down below 7% this week. A 30-year fixed-rate mortgage averaged 6.94%, Freddie Mac reported. Rates for…
Today's mortgage rates rise for 30-year terms while 15-year rates hold steady | May 24, 2024
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the…
Today's mortgage rates hold steady for 15- and 30-year rates | May 28, 2024
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the…
Listing a home? Here's how you can maximize your sale
Today's challenging housing market environment makes finding a buyer difficult and getting the most out of a home sale requires…
Today's mortgage rates continue to hold steady for 15- and 30-year rates | May 29, 2024
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the…
New construction still popular as most Americans believe it’s a bad time to buy an existing home
New build homes are regaining popularity as existing home prices and interest rates remain high. A little over a million…
Today's mortgage rates rise for 15- and 30-year rates | May 30, 2024
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the…
Home prices not budging, hit new high in March: Case-Shiller
Home prices continued to increase in March, reaching a new high despite homebuyers shying away from housing, according to the…