Mortgage interest rates have risen since the record lows of 2020-2021 but have recently declined due to Federal Reserve rate cuts. In early 2026, average rates are about 5.87% for 30-year and 5.25% for 15-year mortgages. Rates below these averages are considered good. Buyers should shop around, compare offers, consider larger down payments, and maintain […]

U.S. homeowners have about $300,000 in tappable home equity, offering borrowing options at around 8% interest, much lower than credit card rates above 21%. Smart uses for $100,000 in equity include paying off high-rate debt, strategic home renovations, investing in diversified portfolios, funding small businesses, or financing education. Using equity wisely can build wealth and […]

First-time homebuyers should prepare financially by setting a budget, understanding mortgage options, monitoring credit scores, and anticipating extra costs like closing fees and insurance. Exploring first-time buyer programs can provide assistance. The process includes getting pre-approved, working with a real estate agent, making an offer with contingencies, scheduling a home inspection, purchasing homeowners insurance, and […]

Saving for a down payment remains a major barrier to U.S. homeownership, with the typical household needing about seven years to save in 2025, down from 12 years in 2022 but still twice as long as pre-pandemic. Higher home prices and lower savings rates contribute to this challenge. In expensive coastal metros, saving can take […]

In 2026, mortgage rates hover around 6%, making monthly payments sensitive to rate changes. Home prices are expected to rise modestly, with inventory improving but still limited. Buyers should focus on payment comfort rather than price, consider concessions over price cuts, and be mindful of loan limits affecting rates. Timing purchases seasonally and ensuring financial […]

Buy what you can afford, even smaller homes or condos, to start building equity. Shop lenders carefully to secure the lowest rates and minimal fees. Consider fixer-uppers with renovation loans, like FHA 203(k), to save on purchase costs. Explore suburban or commuter-friendly areas for more affordable homes and added amenities. Use financial strategies like 15-year […]