Mortgages

By CHRISTOPHER RUGABER (AP Economics Writer) WASHINGTON (AP) — Inflation in the United States slowed last month in a sign that the Federal Reserve’s interest rate hikes are continuing to cool the consumer price spikes that have bedeviled…

The conforming loan limit is the maximum amount of money a homebuyer can borrow using a conventional mortgage that's eligible for purchase by Fannie Mae and Freddie Mac. The Federal Housing Finance Agency, which oversees Fannie and Freddie,…

In the wake of several high-profile bank failures, Federal Reserve officials warn that consumers are likely to face tighter credit conditions when applying for loans, including mortgages. Put simply, a credit crunch means that banks and…

Mortgage rates moved slightly higher this week, with the average 30-year fixed rate inching up to 6.94% from 6.92% the previous two weeks. Interest rates rose or stayed about the same across most home loan products, including fixed-rate and…

CORONA, Calif., May 1, 2023 /PRNewswire/ -- PRMG, a nationwide leader in full-service mortgage lending, is proud to announce the hiring of Ellen Skaggs, as the new HECM Divisional Manager. Ellen has 38 years of experience in the mortgage…

This article is part of Global News’s Home School series, which gives Canadians the basics they need to know about the housing market that they never learned in school. For many Canadians, the quest to buy their first home begins and…

A reverse mortgage can provide seniors with a lump sum of cash that they can use as they see fit. Getty Images/iStockphoto During a…

The Bank of Canada is warning that higher mortgage rates tied to its rapid policy rate hikes over the past year will test some Canadian households’ finances in the months to come. The central bank’s latest projections about the impact…

Despite a sizeable drop in home prices over the past year and a slew of federal government measures aimed at addressing housing affordability, a new poll suggests Canadians are no more encouraged about breaking into the housing…

After Tuesday’s RBA cash rate pause, economists are divided about what comes next. However, the market is more sure. Cash rate futures expect the RBA to cut rates by the end of the year.RBA cash rate futures curveThe likelihood is that the…