Everybody knows buying a house is a long-term commitment. After all, the typical mortgage is paid over 30 years and the typical home seller has been in their home for almost 10 years. In other words, homeownership isn't for frequent movers or anyone with a strong case of wanderlust. But …

In September, new home sales were 29.8 percent higher than they were at the same time last year, according to new numbers from the U.S. Census Bureau and the Department of Housing and Urban Development. The data shows sales up 3.1 percent from the month before and at their …

The housing market has been sort of a mixed bag this year. While home sales are expected to exceed last year's levels and mortgage rates are still hovering near record lows, fewer houses for sale have presented potential home buyers in many markets with increased competition and higher prices. In …

Buying a house is a big deal. Not only is it a major financial transaction, it also represents a tremendous responsibility. Because of this, there aren't too many people that enter the housing market without giving some thought to whether or not it's the right time for them to buy. …

September sales of previously owned homes rose 3.2 percent from the month before, according to new numbers released by the National Association of Realtors. The gains were a welcome change after a two-month slide. Lawrence Yun, NAR's chief economist, said the improvement was due to a boost in the number …

According to the Mortgage Bankers Association's Weekly Applications Survey, demand for loans to buy homes rose 3 percent last week despite a bump in mortgage rates. Average rates rose for 30-year fixed-rate loans with both conforming and jumbo balances, as well as 15-year fixed-rate loans. Rates for loans backed by …

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates increased across all loan categories last week, including 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. The increase brought rates to their highest level in a …

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates fell last week across all loan categories, including 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. The drop marked the second consecutive week of declines and …

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates decreased last week across all loan categories, including 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate mortgages. Michael Fratantoni, MBA's chief economist, says the Fed's decision to …

New research shows many potential home buyers have misconceptions about how much they need to have saved for a down payment. The most often cited amount is 20 percent of the price of the house. But, depending on the type of loan, it could be much less and large numbers …