Real Estate

Mortgage rates hit highest level this year

The rate on the 30-year fixed mortgage reached the highest level of the year this week, climbing to 6.81%. It’s the second consecutive week of higher rates.

Homeownership is the new hot wedding gift

Cash wedding gifts that are contributions toward homeownership is the latest trend. Experts say first-time homebuyers are asking for financial assistance to become homeowners.

Mortgage rates ease for third straight week

The rate on the 30-year fixed mortgage fell to 6.67% this week from 6.69% a year ago, according to the latest data from Freddie Mac. One year ago, it averaged 5.81%.