Mortgage Rates Close to 8% as Economy Refuses to Cool

Inflation and economic growth...  Regardless of our thoughts on the underlying reasons, these two factors have played a key role in skyrocketing rates over the past few years.  The Fed won't signal an end to its "higher for longer" rate policies until it sees lower inflation combined with

U.S. Households Need $115K/year for Median-Priced Home

In Fla., median income is less in six metros and higher in three, ranging from an $88.7K yearly income in Lakeland (up 13.4% year-to-year) to $143K in Miami (up 33.4%).

How Will FHA Calculate ADU Rent Income in a Loan?

To promote affordable housing, HUD says rental income from an accessory dwelling unit will be considered for FHA loans. It outlined the policy details yesterday.

Mortgage Rates Jump Back Near Long-Term Highs

Last week was mostly good for mortgage rates, even if the goodness was made possible in large part by the badness of the previous week.  By Friday, rates were 0.15% lower than the previous Friday, on average.   As the new week begins, virtually all of that progress has been erased.&nb