A HOMEOWNER is making $40,000 every year by renting out his unused parking spot – it helps people avoid being towed or ticketed. To help pay his mortgage on a house in a coveted coastal city, a man rents out his parking space. A website that’s allowing homeowners or property owners to rent available parking
Key takeaways Under the Equal Credit Opportunity Act, lenders can’t discriminate against applicants because of their age. As a result, seniors — like people in other age groups — can get mortgages if they meet a lender’s approval criteria. However, seniors may find it harder to qualify for a new home loan if they have
The wind continues to blow in the wrong direction for mortgage borrowers. — Greg McBride, Bankrate Chief Financial Analyst As homebuyers grapple with record prices this spring, mortgage rates have also crept up. On a 30-year fixed loan, the average rate was 7.39 percent as of May 1, according to Bankrate’s survey of large lenders,
April mortgage rate forecast Mortgage rates shouldn’t change much in April, as inflation remains stubbornly elevated. The inflation rate has been falling since October 2022, but progress has felt as maddeningly slow as the driver who doesn’t notice when the light turns green. Inflation’s decline is likely to continue its glacial pace in April. Mortgage