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Monthly Housing Payments Reach Record High Amidst Rise in Mortgage Rates

Monthly housing payments hit a record high this week due to a rise in mortgage rates, causing homes to be unaffordable for many prospective buyers, and nationwide home sales declined by 22 percent compared to last year, according to Redfin and National Association of Realtors.

2 mins read
FHFA Announces Adjustments to Mortgage Fees on Government-Backed Loans

Freddie Mac and Fannie Mae will adjust their fee structure to make homeownership more affordable, with fees decreasing for those with lower credit scores and increasing for those with higher credit scores.

2 mins read
Consumer Debt Skyrockets to $17 Trillion Despite Decline in Home Borrowing

In Q1 2023, total consumer debt in the U.S. reached a new high of $17.05 trillion, despite a significant decline in home borrowing, largely due to interest rate hikes, with delinquency rates also increasing across various debt categories.

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