How Can You Finance a Second Home?

Buying a second home is something you might be dreaming of, whether it’s a condo in the Florida Keys or a mountain home in the Smokies. When you have a second home, it gives you a place to escape to and enjoy time away from the hustle and bustle of your daily life. There’s one big lingering question

The Great Housing Mismatch: Empty Nesters Own 28% of the Nation’s Large Homes, Millennial Families Own 16%

Empty-nest baby boomers own nearly twice as many U.S. homes with three or more bedrooms as millennial families do, according to a new report from Redfin, the real estate brokerage powered by Rocket. Baby boomers living in one- to two-adult households own 28% of three-bedroom-plus (“large”) homes in

The 30-Year Fixed-Rate Mortgage Averages 6.46%

Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.46%. “The 30-year fixed-rate mortgage edged up, averaging 6.46% this week,” said Sam Khater, Freddie Mac’s Chief Economist. “With spring homebuying season i

First-Time Buyers Are Nervous. Here’s What Real Estate Pros Can Do to Ease the Fear

For many first-time buyers, the hardest part of today’s housing market is not just affordability. It is uncertainty. With mortgage rates still elevated from the lows of recent years and home prices remaining high in many markets, affordability continues to be a major hurdle for first-time buyers. Ad