Mortgage rates have dropped to their lowest point in 2025, giving homebuyers a bit of good news as the year comes to a close. The average rate for a 30-year fixed mortgage is now at 6. 15%, down from 6. 18% the previous week. This is a significant drop from the start of the year, when rates were aro
Home prices across the country are not rising as fast as they used to. In fact, they are almost the same as they were a year ago. Some cities, like Chicago and New York, have seen prices go up. But others, like Tampa and Phoenix, have seen prices drop. Mortgage rates have also gone down. The averag
Buying a home in November was tough. Prices stayed high, mortgage rates didn't budge much, and there were fewer homes on the market. Sales of used homes only went up a tiny bit from October. They were even lower than they were in November last year. About 4. 13 million homes were sold in a year, but
First Capital, a bank you might not have heard of, has seen its stock price jump a huge 132% in just one year. This is a big deal for a company with a market value of only $233 million. The bank, which is mainly into home loans, has caught the eye of investors thanks to its strong performance. The
The U. S. is making big moves to boost its tech scene. The government is planning to hire 1, 000 specialists for a new "Tech Force" to work on AI and finance projects. This is a big deal because the U. S. has been falling behind in tech and shipbuilding since World War II. But now, companies from ot
The housing market saw a small rise in sales of previously owned homes in October. The numbers went up by 1. 2% from September, reaching about 4. 1 million units annually. This increase is a slight improvement from the previous month and a 1. 7% rise compared to the same time last year. The market
The idea of portable mortgages is making waves. It's a concept where homeowners can take their mortgage with them when they move. This means keeping the same interest rate and terms instead of getting a new loan. The goal? To get more people moving in a slow housing market. Right now, many homeowne
Homeownership is often seen as a dream, but the reality is that it comes with a lot of extra costs. These hidden expenses are adding up and making it harder for people to afford homes. Things like maintenance, insurance, and property taxes are increasing faster than people's incomes. This is making
The idea of portable mortgages is making waves in the housing market. This concept would let homeowners move their current mortgage to a new home, keeping their old interest rate and terms. It sounds like a dream for those stuck with low rates, but is it really the solution to the housing market's p
The Federal Reserve decided to lower its interest rate this week, but mortgage rates didn't follow suit. Instead, they went up. The average rate for a 30-year fixed mortgage increased by 20 basis points after the Fed's announcement and Chairman Jerome Powell's press conference, according to Mortgage
