Housing Costs Are Running Hot

Core inflation has declined, but housing costs remain high. Unless those costs cool, some experts doubt core inflation will return to the Fed’s 2% target.

Does Reverse Mortgage Have a Non-Recourse Clause?

Check the paperwork and read for context. “Non-recourse” is more of a description of how a loan works than a direct term, so it could be described differently.

Lowest Mortgage Rates This Week After Key Inflation Data

In the bigger picture, mortgage rates would still be best described as "trending gently higher," but in the shorter term, today was a victory.  The average lender moved from quoting conventional 30yr fixed rates near 3 month highs yesterday to the lowest levels of the week today.  The disc

Average 30-Year Mortgage Rate Rises to 6.94%

That’s up from 6.90% last week, marking the 4th straight weekly increase. Rates have been creeping higher as reports show stronger-than-expected inflation.