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

Rates Reacting to War and The Fed, But Maybe Not For Long

After hitting the highest levels in decades last week, mortgage rates dropped sharply at the beginning of this week. At first glance, this was a classic flight to safety following the outbreak of the Israel-Hamas Conflict, but at the same time, markets were possibly just as interested in a change in