Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% as of Jan. 11, a decrease from last week’s 6.66%, according to Freddie Mac‘s

Despite lower mortgage rates, housing starts ended the year on a downturn, after posting a large monthly gain in November.New construction starts fell to a seasonally adjusted annual rate of 1.460 million units, down 4.3% month over month, according to a report released Thursday by the U.S. Census B

The Consumer Financial Protection Bureau (CFPB) is sounding the alarm about an accelerating rate of scams that most commonly target older Americans, where a bad actor will pose as an official representative of the Bureau or another federal agency.The CFPB published a blog post on Tuesday describing

The bankruptcy plan administrator for Reverse Mortgage Investment Trust (RMIT), the parent company of former industry lender Reverse Mortgage Funding (RMF), has filed a court petition to convert from Chapter 11 bankruptcy to Chapter 7 bankruptcy. The RMIT/RMF estate has run “out of money” to continu