January 2024

Mortgage Rate History: 1970s to 2023

Bankrate is a financial advisory platform that provides accurate and unbiased information to help consumers make smart financial decisions. The platform focuses on mortgage rates, lenders, and the homebuying process. Bankrate's content is created by qualified professionals and is not influenced by advertisers. The platform also provides a historical overview of mortgage rate trends from the 1970s...

Report: How Many U.S. Home Mortgages Are Performing?

The Mortgage Bankers Association's latest Loan Monitoring Survey shows that the number of loans in forbearance has decreased slightly. GSE loans, Ginnie Mae loans, and portfolio loans have all seen a decline in forbearance rates. The majority of borrowers in forbearance are facing temporary hardships or are affected by COVID-19. The performance of loan workouts has been solid but declined last...

From $200 to $12K: Homebuyers’ Hidden HOA Fees

In many southern and western states, it's extremely rare to find a single-family home without Homeowners associations (HOA).Homeowners may face unexpected financial burdens from property-related fees and penalties. Unresponsive HOAs can lead to legal actions, such as putting a lien on a home and garnishing wages....

Navigating the Singles Tax: Practical Tips

The "singles tax" refers to additional costs faced by single individuals when living alone. A report shows that singles living alone in 1-bedroom homes can spend up to $7K more than couples splitting the cost. To manage solo living, singles must set a budget, typically allocating 30% to 33% of their income for housing and related expenses....

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