President Donald Trump said Wednesday he was considering selling off US mortgage-backing giants Fannie Mae and Freddie Mac almost two decades after they were brought under government control during a global financial crisis.
With rates still hovering near 7%, the city you buy in could make or break your mortgage affordability. In some markets, the majority of buyers are locking in sub-7% loans. In others, scoring a deal like that is the exception—not the rule. A new analysis from Construction Coverage highlights the U.S. cities and states where homebuyers are still securing the most favorable mortgage rates. Researchers ranked locations by the share of approved fixed-rate loans under 7% in 2024, using the latest data from the Home Mortgage Disclosure Act.
Bitcoin hit a record high on Wednesday, driven by a wave of optimism over cryptocurrency legislation in the United States.
The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.Banking misconceptions abound, according to a new NerdWallet survey. The survey of more than 2,000 U.S. adults, conducted...
Mortgage rates climbed for the second week in a row, denting home affordability in the middle of homebuying season.The average rate on the 30-year fixed-rate mortgage went up seven basis points to 7.01% in the week ending May 15, according to rates provided to NerdWallet by Zillow. A basis point is one one-hundredth of a...
Federal Reserve Chair Jerome Powell on Thursday warned of the possibility of "more persistent" supply shocks, as US central bankers met for talks against a backdrop of uncertainty kicked up by Donald Trump's tariff rollout.
German lender Commerzbank on Friday reported its best quarterly profit since 2011, ahead of a key shareholder meeting where it will seek to rally support to fend off advances from Italy's UniCredit.
The founder and former CEO of bankrupt cryptocurrency trading platform Celsius, Alexander Mashinsky, was sentenced Thursday to 12 years in prison on fraud charges.
(The Center Square) – A little-known mortgage relief program for U.S. veterans is being phased out, and advocates warn it may trigger a foreclosure crisis impacting thousands of veteran families.