What to Expect from Mortgage Rates in May 2026
2026 has been an unpredictable year for mortgage rates. Back in February, things were looking up for homebuyers. The average 30-year mortgage rate dropped to 5.87%, and some well-qualified buyers were getting rates close to 5...
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Using Gift Money for Your Home Down Payment
When buying a home, you don't always have to use your own savings for the down payment.
Many homebuyers receive money as a gift from others to help cover this cost. This gifted money is called "gift funds."
Gif...
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FHA Adjustable-Rate Mortgages: A Simple Guide
An FHA adjustable-rate mortgage (ARM) is a home loan backed by the Federal Housing Administration. Unlike a regular fixed-rate mortgage where your interest rate stays the same forever, an FHA ARM has an interest rate that can ch...
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