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PeopleImages | E+ | Getty ImagesIf you are in the market for a new house, you may be overlooking one key to your success: your credit score.That three-digit number has a direct impact on your ability to get a mortgage and what interest rate you will pay.Mortgage rates are at two-month lows, with the benchmark 30-year fixed loan at 3.11%, according ...
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President Joe Biden addresses a joint session of Congress at the U.S. Capitol in Washington, DC, U.S. April 28, 2021.Melina Mara | ReutersPresident Joe Biden has unveiled a plan for higher taxes on inherited homes to help fund the $1.8 trillion American Families Plan.The proposal would tax inherited property gains at death, targeting generational w...
FatCamera | Getty ImagesLower-income homeowners could benefit from a new refinance program being launched by the U.S. government.Starting this summer, eligible borrowers will be able to refinance their mortgage at a reduced interest rate and lower monthly payment, saving an estimated $100 to $250 a month, according to the Federal Housing Finance Ag...
A sale pending sign is posted in front of a home for sale in San Anselmo, California.Justin Sullivan | CaliforniaPending home sales, a measure of signed contracts on existing homes, rose 1.9% in March compared with April, according to the National Association of Realtors. Forecasters had expected a 5% gain.Pending sales were 23.3% higher than March...