Unemployed and unable to refinance

Oct 15, 2021
With mortgage rates around 3%, many of those who might benefit the most from refinancing and reducing their monthly payments aren’t able to.
Although mortgage interest rates are low, many banks require applicants for refinancing to be employed.
courtneyk via Getty Images

Climate change is going to make buying a home even more expensive

Sep 28, 2021
A report from the Mortgage Bankers Association says environmental risk will likely lead to higher insurance premiums and loan interest rates.
A firefighting helicopter makes a water drop near homes in California, where wildfires, exacerbated by climate change, have destroyed many properties.
David McNew via Getty Images

Report shows decrease in underwater mortgages

Aug 5, 2021
The numbers aren't like what they were during the housing crisis, when almost a quarter of homeowners owed more than what their home was worth.
Experts do not expect the same about of foreclosures like in 2010.
Justin Sullivan/Getty Images

More homeowners are seeking long-term mortgage relief

Nov 6, 2020
Some who left forbearance plans are delaying payments again.
A woman marches during the Cancel Rent and Mortgages rally in June in Minneapolis. There are 2.9 million mortgages in active forbearance, according to a report Friday from mortgage data company Black Knight.
Brandon Bell/Getty Images

Who actually gets those low, low mortgage rates?

Oct 20, 2020
Different lenders may offer the same individual wildly different rates and fees.
A construction worker walks through the site of a new house being built in San Marino, California. Housing starts in September were up 11% from last year.
Frederic J. Brown/AFP via Getty Images

Mortgages in forbearance drop for the first time since March

Jun 8, 2020
But not everyone who needs relief may be getting it.
Ian Waldie/Getty Images

There's been a dramatic spike in Americans' economic anxiety

May 5, 2020
A new Marketplace-Edison Research Poll puts numbers to what we've been seeing and experiencing.
Many Americans are scared they won't be able to afford basic necessities after losing income during the COVID-19 pandemic.
Joe Raedle/Getty Images

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With unemployment rising, millions could fall behind on their mortgages

Apr 3, 2020
Homeowners with federally backed mortgages can pause their monthly bill for up to a year. But they may get hit with a balloon payment at the end.
Justin Sullivan/Getty Images

More people are taking cash out of their homes

Feb 5, 2020
A recent study shows mortgage refinancing spikes before economic recession.
Cameron Spencer/Getty Images

Apple's credit card may discriminate, just like lots of banking algorithms

Nov 12, 2019
Even when you sit down with a banker in person, algorithms likely affect whether you get a loan and how much interest you’ll pay.