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In 2026, 62% of homebuyers wait for mortgage rates to drop, down from 80% in 2025. High prices and limited inventory lead nearly 30% to stretch budgets, using extra jobs, savings, family help, or co-buying to afford homes.

Mortgage applications for new home purchases rose 26% from February and 11% year-over-year, reaching the highest level since 2012. New single-family home sales increased to an annual rate of 717,000 units in March, up 11.9% from February. The average loan size slightly decreased. Government-backed loans (FHA, VA, USDA) made up over half of applications, supported…

Mortgage shopping is often seen as tedious and stressful, involving complex math and high-pressure sales tactics. Many people settle for the first lender they encounter, missing out on potential savings and knowledge. By comparing multiple lenders and understanding mortgage options, borrowers can avoid costly mistakes and negotiate better rates. Tips include using a temporary phone…

Prequalification gives buyers an early borrowing estimate using basic financial details and a soft credit check that should not affect credit scores. Preapproval goes deeper: buyers complete an application, provide financial documents, and let the lender verify credit, income, and qualifications before shopping seriously. A preapproval letter can show loan amount, interest rate, and key…

First-time buyers need more than a deposit: closing costs, moving expenses, insurance, taxes, lender fees, and repairs all belong in the plan. 2026 may offer decent opportunities for stable, prepared buyers, with 30-yr fixed mortgages in the low-6% range and easing forecast ahead this yr. A buyer's market can expand choices and strengthen negotiation, especially…

For many first-time buyers, the down payment remains the biggest barrier, even when ongoing monthly payments already fit comfortably within their budgets. With federal pullbacks from several special-purpose loan programs this yr, brokers are being urged to understand more assistance alternatives for qualified buyers. An industry partnership aims to expand broker education on assistance programs,…

This day honors the brave men and women who have sacrificed their lives to defend America's freedom.It became an official federal holiday in 1971. Americans observe Memorial Day by visiting cemeteries and memorials.

When choosing a mortgage, consider the loan length alongside interest rates, monthly payments, and your budget. Shorter loans typically have lower interest but higher monthly payments, which can be burdensome. A longer mortgage may allow for a more expensive home but results in more interest paid over time. Your plans for how long you’ll stay…

Securing a lower mortgage rate depends on factors like credit score, down payment size, employment history, and debt-to-income ratio. To improve your chances, focus on enhancing your credit score by making timely payments, reducing debt, and maintaining a low credit utilization ratio. Save for a substantial down payment, build a consistent employment history, and maintain…

When buying a home, it's crucial to determine how to finance the purchase, including the down payment and mortgage type. The two main mortgage types are fixed-rate and variable-rate. Fixed-rate mortgages offer stable monthly payments, while variable-rate mortgages can start lower but may increase based on market rates. If planning to stay in the home…