Mortgage News

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News for: The Mortgage Reports
Showing 121 - 144 of 219 results
Feb 3, 2026 9:26 AM — Mortgage Rates
Mortgage Rates Rise, Job Reports Delayed | Today, February 3, 2026
The Mortgage Reports
Mortgage rates grew in the morning due to a partial government shutdown delaying key jobs reports. Overall, rates are at attractive levels compared to previous years. The average 30-year fixed mortgage rate is %, while the 15-year fixed mortgage rate is %. Adjustable-rate mortgages are also available. The Federal Reserve's recent stance and economic signals are shaping the landscape for mortgage r... more
Feb 3, 2026 3:48 AM — Home Equity Investments
HEI Contract Review Checklist: Key Clauses You Must Understand
The Mortgage Reports
Home equity investments (HEIs) are marketed as a simpler alternative to borrowing, where you get cash upfront with no monthly payments or interest. However, HEI contracts establish a long-term equity partnership between you and the provider, with financial impacts unfolding over time. The contract determines how future home value will be shared, who controls key decisions, and how the arrangement ... more
Feb 2, 2026 8:36 PM — Mortgage Rates
Mortgage Rates Drop Back Down | Today, February 4, 2026
The Mortgage Reports
Mortgage rates reversed their growth and fell this morning, contributing optimistic economic indicators for borrowers. Rates are currently at attractive levels compared to recent years. The 30-year fixed mortgage rate is %. The article discusses the benefits and drawbacks of different types of mortgages such as 30-year fixed, 15-year fixed, and 5/1 adjustable-rate mortgages. It also mentions the c... more
Feb 2, 2026 1:43 PM — Home Equity Loans and HELOCs
Can You Tap Home Equity to Buy Your Next Home? | 2026
The Mortgage Reports
The article discusses using home equity to purchase a new property by explaining how home equity loans and HELOCs can be utilized, the calculations involved, and the steps to take from estimation to closing. It also compares the pros and cons of HELOCs and home equity loans, emphasizing the importance of choosing the right product based on individual circumstances.
Feb 2, 2026 11:38 AM — Mortgage Lending
What to Expect When Applying for a HELOC Online
The Mortgage Reports
The article discusses the process of applying for a HELOC online, including gathering and uploading necessary documents, verifying income and home value, understanding criteria such as combined loan-to-value ratio and credit score, and the timeline for approval and closing. It also provides tips for speeding up the process and compares the advantages of online applications versus traditional branc... more
Feb 2, 2026 8:24 AM — Mortgage Rates
Mortgage Rates Dip on Monday | Today, February 2, 2026
The Mortgage Reports
Mortgage rates are currently at attractive levels, offering options for refinancing or tapping into home equity. The average 30-year fixed mortgage rate is %, while the average 15-year fixed rate is %. Adjustable-rate mortgages (ARMs) have lower initial rates but adjust based on market conditions. The Federal Reserve's recent stance and economic signals are shaping the mortgage rate landscape, wit... more
Jan 30, 2026 11:33 AM — Home Equity Investments
Home Equity Investment Fees & Tax Implications in 2026
The Mortgage Reports
Home equity investments do not require monthly payments but are tied to changes in your home's value over time. Providers receive their returns only when the agreement ends, which can lead to a significant amount owed if the home appreciates. Costs include upfront fees, ongoing charges, and settlement costs. Tax treatment is different from traditional loans and can create tax consequences later on... more
Jan 30, 2026 9:32 AM — Mortgage Rates
Mortgage Rates Drift Lower, Fed Chair Chosen | Today, January 30, 2026
The Mortgage Reports
Mortgage rates are near three-year lows, with the 30-year fixed rate mortgage average at 6.10%. The market remains uncertain due to various economic signals, with expectations for rates to nudge upward or remain steady. Industry forecasts predict rates to stay between 6% and 6.5%. The Federal Reserve's caution around inflation and housing market fundamentals also impact rates. Rates are expected t... more
Jan 29, 2026 11:33 AM — Mortgage Rates
Mortgage Rates Mostly Flat After Fed Hold | Today, January 29, 2026
The Mortgage Reports
Mortgage rates only moved slightly after the Federal Reserve held rates. Economic indicators show potential for rates to increase. The article discusses the current average rates for 30-year fixed mortgages and 15-year fixed mortgages, as well as adjustable-rate mortgages. It also provides advice for home buyers, sellers, and those considering refinancing. The article mentions that mortgage rates ... more
Jan 29, 2026 11:32 AM — Housing Market
Affordability Swings Toward Home Buying Over Renting in 2026
The Mortgage Reports
The article discusses the affordability of buying versus renting a home in the U.S. in 2026. It highlights that it is generally cheaper to buy a home than rent in many counties, especially in the Midwest and South. The article also mentions the importance of factors like down payments, mortgage rates, property taxes, and insurance in the decision-making process. It provides data on the most afford... more
Jan 28, 2026 11:32 AM — Reverse Mortgages
New Data Analysis Shows Top States for HECMs
The Mortgage Reports
HECMs, or Home Equity Conversion Mortgages, are a popular type of reverse mortgage commonly used by older homeowners to access money from their home without making monthly mortgage payments. The program is backed by the FHA and requires a HUD-approved counseling session. California had the highest number of HECMs taken out over the last three years, followed by Florida, Texas, Arizona, and Colorad... more
Jan 28, 2026 9:38 AM — Mortgage Lenders
Rebecca Safier, contributor
The Mortgage Reports
Rebecca Safier is a personal finance writer with expertise in mortgages and related topics. She has written for various publications and has a background in English and education. The article provides information on determining affordability based on home price, monthly payment, and income. It also mentions reduced costs and rates for military members, zero-down loans from the USDA, and down payme... more
Jan 28, 2026 9:00 AM — Mortgage Rates
Mortgage Rates Dip Ahead of Fed Decision | Today, January 28, 2026
The Mortgage Reports
Mortgage rates regressed this morning, with the average 30-year fixed mortgage rate currently at 6.17%. Experts advise borrowers to consider refinancing or tapping into home equity. Adjustable-rate mortgages have lower initial rates but adjust based on market conditions later. The Federal Reserve will announce its rate decision today at 2pm ET, expected to remain stable. Different mortgage rate fo... more
Jan 27, 2026 11:32 AM — HELOC Eligibility
How Combined Loan-to-Value Ratio Impacts HELOC Approval
The Mortgage Reports
When applying for a home equity line of credit (HELOC), the combined loan-to-value ratio (CLTV) plays a crucial role in the lender's decision. CLTV is determined by the total loans on your home compared to its value. Most lenders set maximum CLTV thresholds to determine approval and credit line amounts. Your mortgage balance, home value changes, and refinancing activity can impact your CLTV and HE... more
Jan 27, 2026 9:00 AM — Home Equity Lines of Credit (HELOCs)
Is a Variable Rate HELOC Too Risky in Today’s Market?
The Mortgage Reports
The article discusses the risks and benefits of a variable-rate Home Equity Line of Credit (HELOC). It explains how HELOC rates change, factors to consider before getting a HELOC, potential risks of rate increases, and strategies to mitigate those risks, including paying down the principal, locking in a fixed rate, and using a home equity loan instead.
Jan 27, 2026 6:31 AM — Home Equity Line of Credit (HELOC)
HELOC Draw Limits: Daily and Monthly Withdrawal Rules Explained
The Mortgage Reports
The article discusses how HELOC draw limits are set by lenders to determine how much a borrower can withdraw per day or per transaction, regardless of their available balance. It explains the differences between daily and monthly limits, as well as the various access methods like convenience checks, electronic transfers, wire transfers, and access cards. Additionally, it talks about HELOC draw per... more
Jan 26, 2026 9:37 AM — Mortgage Rates
Mortgage Rates Static on Monday | Today, January 26, 2026
The Mortgage Reports
Mortgage rates remained steady over the weekend, providing low rates for those looking to purchase a home or refinance. The economic indicators are neutral, keeping interest rate movements flat for now. The average 30-year fixed mortgage rate is at 6.20%. Experts are advising on whether to refinance or tap into home equity, while also discussing financial assistance programs. Freddie Mac reports r... more
Jan 26, 2026 4:33 AM — Interest Rates
Federal Reserve Holds Rates in January
The Mortgage Reports
The Federal Reserve paused cutting the federal funds range in January, signaling a wait-and-see approach due to economic expansion and uncertainty. Mortgage rates varied after recent Fed decisions, with some decreases and slight increases. Interest rates followed a downward trajectory over the past few months. The Fed may need to see a decrease in the inflation rate or weakening employment before ... more
Jan 26, 2026 3:34 AM — Mortgage Interest Deductibility
Is a HELOC Tax-Deductible in 2026?
The Mortgage Reports
The deductibility of interest on a home equity line of credit (HELOC) depends on how the funds are used, not the loan itself. Under current tax rules, interest may be tax-deductible when the money is used for buying, building, or substantially improving the taxpayer's home. Qualifying improvements must add value to the home, extend its useful life, or adapt it for new uses. Cosmetics upgrades, rou... more
Jan 24, 2026 8:31 AM — Mortgage Rates
Mortgage Rates Grow on Friday | Today, January 23, 2026
The Mortgage Reports
The article discusses how mortgage rates rose slightly at the end of the week but are significantly lower than the previous year. It also provides insight into different mortgage rates such as 30-year fixed, 15-year fixed, and 5/1 adjustable rate mortgages. The data from Freddie Mac is used to illustrate the fluctuation in rates over time. Additionally, economic reports and surveys are mentioned t... more
Jan 23, 2026 9:31 AM — Housing Market
Top Retiree Homebuying Hotspots for 2026
The Mortgage Reports
The housing market is posing challenges for retirees due to rising costs of living and property values. Many retirees struggle to pay expenses and are spending retirement savings faster than expected. With the U.S. approaching a peak retirement age zone, StorageCafe analyzed the best cities for retirees based on quality of life, affordability, and comfort. The top 10 housing markets for retirees i... more
Jan 23, 2026 5:46 AM — Home Equity Investment (HEI)
Hometap Review for 2026: Terms, Access and Customer Feedback
The Mortgage Reports
Hometap is a home equity investment company that offers homeowners a lump-sum cash investment in exchange for a share of future home value, without interest charges or monthly payments. They provide transparency on outcomes based on market conditions and have a focus on affordability, access, risk sharing, transparency, and customer experience.
Jan 23, 2026 4:31 AM — Mortgage Lenders
Can Retirees Use HELOCs Safely?
The Mortgage Reports
Retirees facing uneven income streams may consider using a home equity line of credit (HELOC) to manage short-term cash needs. However, while a HELOC can provide flexibility, it can also add stress to a fixed budget, especially in retirement when income is not as consistent. Risks such as variable interest rates, lender freezes or reductions, health-related expenses, and longevity risk should be c... more
Jan 21, 2026 9:04 AM — Mortgage Rates
Mortgage Rates Grow Wednesday | Today, January 21, 2026
The Mortgage Reports
Mortgage rates increased for the second day in a row but remain low compared to recent levels. The market data suggests that interest rates might move higher in the near-term due to expanding Treasury yields and rebounding stocks. Experts suggest exploring refinancing or tapping into home equity for homeowners. The average 30-year fixed mortgage rate is at 6.19%, while the average 15-year fixed ra... more
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