Today’s average mortgage rate on a 30-year fixed-rate mortgage is 6.67%, up 0.07 percentage point from the previous week, according to the Mortgage Research Center. Borrowers may be able to save on interest costs by going with a 15-year fixed mortgage,

28/36 rule: Housing expenses (including mortgage payments, utilities, HOA fees and homeowners insurance) should be no more than 28% of your gross income and no more than 36% on debts overall. 30% rule: Keep monthly mortgage payments and other housing costs to no more than 30% of your take-home pay.

It may seem counterintuitive, but growing economic concerns are pulling down mortgage rates. When investors seek a safe haven in the bond market, the yield

Mortgage rates in the United States have continued their downward trend, providing potential relief for homebuyers as the spring market gains momentum. The decline, now in its seventh consecutive week,