Mortgage Rates Edge Up, Ending 5-Week Decline
Rates on 30-year mortgages ticked up to 6.72% from 6.67% last week, while 15-year mortgage rates rose to 5.86% from 5.80%, mortgage buyer Freddie Mac said.
Most Popular Rooms to Remodel
Kitchen, bath and living room remodels top the list as homeowners shift toward privacy and away from open floor plans post-pandemic.
Investors Buying Growing Share of U.S. Homes
Investors purchased 265,000 homes in the January-March quarter, an increase of 1.2% from the same period a year earlier, a new report found.
How Soon Can You Tap Home Equity?
Homeowners can tap equity soon after buying if they have 15% to 20% equity. The best rates go to those with more equity, strong credit and low debt.
VantageScore OK’d for Mortgage Underwriting
Fannie and Freddie will now accept VantageScore 4.0, a move that could help more buyers qualify by including rent, utility and telecom payments in scores.
Storm Season Forecast Slightly Dialed Back
Researchers lowered their Atlantic hurricane forecast to 16 named storms, 8 hurricanes and 3 major storms, citing slightly cooler sea temps.