Mortgage rates are influenced by more than decisions from the Federal Reserve. One factor that receives less attention is the mortgage spread, which is the difference between mortgage rates and a benchmark such as the 10-year U.S. Treasury yield. When tha
Homeowners with a mortgage are generally required to maintain property insurance that meets the requirements of their loan. If that coverage expires, is canceled, or becomes insufficient, a mortgage servicer may obtain insurance for the property and charg
Deciding whether to rent or buy a home is not simply about comparing your monthly rent with a potential mortgage payment. It is a financial and lifestyle decision that depends on your budget, future plans, local housing market, and readiness for the respo
If you are buying a fixer-upper or planning major improvements to your current home, paying for the property and the renovations separately is not your only option. A Fannie Mae HomeStyle Renovation mortgage can combine eligible renovation costs with a ho
Most homebuyers rely on mortgage financing to complete a purchase. But what happens if you sign a purchase contract and your financing does not come together as expected? A mortgage contingency, also called a financing contingency, may provide important p
The housing market continues to change, and available inventory is one of the most important trends for homebuyers to watch. More homes for sale can give buyers additional choices and potentially more negotiating room, but conditions vary significantly by