A $5,000 monthly mortgage payment is very realistic for homeowners in high-cost states like California, Massachusetts, and ...

which says that your mortgage payment shouldn't exceed 28% of your gross monthly income. Using the 28% rule, let’s calculate how much income you’d need to afford a $300,000 mortgage.

Monitoring mortgage rates is one of the first steps people take when deciding to buy a home, along with determining the ...

This Washington, D.C. mortgage planner says he has seen the monthly payments of new clients double in just a few years.

Borrowers with mortgages on homes, condos townhouses and rental property with one to four units in Los Angeles County would ...

One common type of mortgage is a conventional loan with a 15-year fixed interest rate. With a fixed rate, your rate and monthly payment will stay the same throughout the life of the loan.

If you're among the millions of Americans who locked in a mortgage interest rate above 7%, you may have a chance to reduce ...

Borrowers are still on the hook but might be able to pause payments.

The average 30-year fixed mortgage rate is much higher than four years ago. The landscape of home ownership has changed substantially.

Mortgage rates are quickly approaching 7% again, after rising each of the first two weeks in January. Nationally, it means ...

Let’s clear up a common misconception right off the bat: Mortgage insurance does not protect homeowners. Rather, it ...