REAL ESTATE

Mortgage refinancing initiative to help lower-income borrowers

The federal regulator of Fannie Mae and Freddie Mac unveiled a new program Wednesday aimed at helping more households lock in historically low interest rates, targeting lower-income borrowers who have missed out on the refinancing boom of the past year

Mortgage rates reversing after uptick

According to Freddie Mac's Primary Mortgage Market Survey, the average 30-year fixed mortgage rate dipped by nearly ten basis points to 3.04% for the week ending April 15, compared to 3.13% the prior week and 3.31% a year ago.

Ready to buy a home? The trick is finding or affording one

The housing market has been a pillar of economic strength during the pandemic, but many would-be homeowners, particularly first-timer buyers, have met with frustration because of a low number of homes for sale and consistently rising prices.