Homes are “equity-rich” when owners owe less than 50% of what their homes are worth and “underwater” when they owe more than the entire value of the house.
The parent company of Bed Bath & Beyond is renaming itself Neighborhood Intelligence and shifting toward home services including flooring, insurance, and even mortgages.
The average 30-year fixed mortgage rate edged up to 6.66% last week, the highest in a year, reversing a decline that had briefly pushed rates below 6% in February