Mortgage Rates Inch Up
The average rate on a 30-year mortgage increased to 6.81% from 6.76% last week while rates on 15-year mortgages ticked up to 5.92% from 5.89%.
Understanding Mortgage Rates
Mortgage rates affect home affordability and long-term costs. Rates vary by economy, loan type and borrower credit. Lower rates can save money.
Builder Confidence Down on Ongoing Challenges
Builder confidence fell to 34 in May, the lowest since 2022, amid rate, tariff and cost concerns. The NAHB said 34% of builders cut prices.
Q1 2025 CRE Investment Rises 17%
Commercial real estate investment rose to $92.5B in the first quarter of 2025, driven by single-asset deals. Industrial and multifamily sectors saw strong growth.
Bathrooms Evolve Into Wellness-Focused Retreats
Homeowners are prioritizing spa-inspired features like therapeutic showers, smart tech and natural materials to create calming, low-maintenance bathrooms.
How a Coat of Paint Can Change Everything
Designers say using color blocks with trim can refresh spaces without full repainting. Stick to 2-3 colors for cohesion and consider paint maintenance.
Common Questions About Reverse Mortgages
Reverse mortgages may be a good fit for some people 62 or older who own their home and live in it as a primary residence, but owners should do their research.
Outdoor Living Isn’t Just for Big Backyards
Multifunctional furniture, hanging baskets, trellises and other vertical gardening items can turn balconies, patios and small spaces into personal retreats.
Expenses to Expect When Buying a Home
First-time homebuyers should be prepared for various expenses, including the down payment, primary mortgage insurance, closing costs and moving costs.
‘Cat Fund’ Cash Estimate Tops $6.7B
The Fla. Hurricane Catastrophe Fund provides relatively low-cost reinsurance to insurers to help pay claims if the state is hit by one or more major hurricanes.