Mortgage Calculator: Here’s How Much You Need To Buy a $415,000 Home at a 6.37% Rate

Mortgage rates saw a small uptick this week, with the average rate on 30-year fixed home loans rising to 6.37% for the week ending May 7, according to Freddie Mac. This 7-basis-point increase from last week’s 6.30% suggests that the market is still finding its footing as the spring homebuying season

Job Creation Remains Surprisingly Strong in April in Key Signal for New Fed Era

The U.S. unemployment rate remained unchanged at 4.3% in April, from the month before, as hiring remained resilient despite a volatile economic backdrop. The latest report from the Bureau of Labor Statistics released Friday showed that nonfarm payrolls grew by 115,000 jobs last month, far more than

A West Village Tenement That Looks Like a Victorian Mansion

In 1998, Brian Coleman and his partner bought a teensy former tenement apartment on West 10th Street — an ideal pied-à-terre for a couple from Seattle looking for a place to throw down their suitcases. At least, that was the plan. Coleman ended up spending a decade and thousands of dollars stripp...

This Change to Credit Scores Could Help 7.7 Million Americans Qualify for a Mortgage

A government change could tip the scale for millions of "credit invisible" Americans and spur hundreds of billions in new mortgage originations. In a rule change finalized last month, government-run mortgage giants Fannie Mae and Freddie Mac said they would accept mortgages underwritten with a credi