Using a Second Mortgage for Home Improvement

A new survey found nearly a quarter of Americans don’t know how much home equity they have. Most ‘equity rich’ homeowners don’t understand equity loans.

Beat High Rates With an Assumable Mortgage

Assumable mortgages, with low rates transferred from a homeowner to a buyer, are making a comeback but the process can be difficult.

Long-Term Mortgage Rates Decline for a Third Week

The average rate on a 30-year mortgage fell to 6.94% from 7.02% last week and borrowing costs on 15-year fixed-rate mortgages dipped 6.24% from 6.28%.

April New Home Sales Decline

New home sales in the United States fell in April by 4.7% compared to the previous month. The average sale price nationally was $505,700.