Fed signals borrowing costs may stay high
The Federal Reserve held its benchmark rate steady for a fifth consecutive meeting, but three officials favored an increase as persistent inflation and a potentially higher neutral rate cloud the outlook for borrowing costs. The shift suggests mortgage rates and other consumer loan rates could remai
Buying a Home? Here's What You Should Know About Home Insurance Costs.
If buying a home is on your radar, you've probably been keeping an eye on mortgage rates and home prices. But don’t forget about homeowners insurance. Homeowners insurance has always been part of owning a home. But over the past few years, it's become a larger expense for many homeowners – something
Florida leads nation in empty lots for sale
Florida has 42,601 empty lots listed for sale, the most in the nation. Zillow estimates that building one home on each listed U.S. lot could reduce the housing shortage by 6.3%.
Mortgage rates rise for fourth week running
The 30-year fixed rate reaches 6.66% as bond yields respond to Iran conflict. That's still slightly below the average of 6.72% a year ago.