Mortgage rates fall to lowest since April 2023. Here's where they're headed.
The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.
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The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.
Many so-called zombie mortgages date back to the 2008 financial crisis, and consumer advocates warn a new wave of zombies could be on the horizon — this time, from all the home equity credit lines taken out during the pandemic.
Millions of U.S. homeowners are spending more than 30% of their monthly income on housing. Here are the hardest hit states.
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
In a lawsuit filed this week in federal court, UWM and its CEO are accused of pressuring brokers to send their clients to UWM which in turn pushed homebuyers into expensive mortgages.
Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
The average rate for a 30-year home loan crossed the 8% threshold this week, deepening the affordability crisis for homebuyers.
Interest rates for a home loan are continuing to soar, driving many aspiring property owners out of the market.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
A little-known surcharge set to change on May 1 could impact consumers in different ways.
Starting in May, some people with higher credit scores may actually end up paying a higher fee on their mortgage, while those with lower credit scores pay less.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
Is the Obama administration failing the housing market? Maybe.
The benchmark conforming 30-year fixed mortgage rate dipped slightly from 4.24 percent to 4.23 percent, according to Bankrate.com's weekly national survey.
The Detroit Lions are holding out hope that running back David Montgomery might be able to return from what was believed to be a season-ending knee injury.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
With his winnings, the player says he plans to take a vacation, continue playing the Powerball and save the rest.
A local hockey doctor accused of sexually abusing teenage boys was in court on Wednesday in Farmington Hills.
The incident happened around 8:45 a.m. on northbound M-39 (Southfield Freeway) at Schoolcraft Road.
We're tracking snow and more bitterly cold air for Southeast Michigan this week.
Lawmakers in Lansing are trying to redefine what it means to have suitable shelter for animals.
The Detroit Lions are holding out hope that running back David Montgomery might be able to return from what was believed to be a season-ending knee injury.
According to court documents, from July 2023 through June 2024, Mack Davis, 22, of Owosso, researched mass killers online and on social media sites and paid tribute to them.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
Organizers announced earlier this year that the show was returning to its traditional January slot after taking place in the fall in recent years.
The grants are in addition to the $1.8 million that Stellantis provided for home repairs to 120 homeowners on the east side in 2020 and 2021.
Troubled automaker Stellantis has decided that its Ram brand needs its own executive, so it is bringing back an executive who retired this year when CEO Carlos Tavares was still running the company.
In Metro Detroit, gas prices continue to fall. Motorists are filling up for an average of $2.96 per gallon.
As we prepare for the winter season, getting your car ready for its quick or long trek can make all the difference.
Detroit Diamond put her skills on display as a finalist in the Netflix series "Rhythm + Flow," and her career is starting to take off.
Among the 25 films selected by the Library of Congress to be preserved for future generations are the Coen Brothers' "No Country for Old Men," "The Social Network," Cheech & Chong's "Up in Smoke," and "The Texas Chainsaw Massacre."
A spokesperson for Foxx said that he had to get stitches after he was hit in the face by a glass thrown from someone else in the restaurant.
Sean "Diddy" Combs filed a motion Friday to dismiss his appeal for bail, meaning he will stay in jail until his trial on sex trafficking charges in May 2025.
Detroit's Movement Festival released a snippet of its 2025 lineup featuring Carl Cox, John Summit and Detroit native Carl Craig.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
The Supreme Court on Wednesday said it will take up a challenge to a new law that could lead to a ban on TikTok in the U.S.
The House Ethics Committee voted to release its report on the investigation into former Rep. Matt Gaetz on Dec. 5, according to multiple sources.
An Indiana man, Joseph Corcoran, convicted of killing four people including his brother and his sister's fiancé decades ago was put to death, without any independent witness, marking the state's first execution in 15 years.
NASA astronauts Butch Wilmore and Suni Williams have been stuck in space for months longer than expected, and will not return to Earth until at least March 2025 at the earliest, NASA indicated.
Wayne County is erasing $27 million in medical debt for more than 46,000 county residents.
Republicans wants to extend 2017 tax cuts that expire next year and could let ACA subsidies lapse to help pay the tab, according to analysts.
A court in Hazel Park is aiming to treat people with substance abuse while keeping them out of prison.
Aaron Siri, an attorney to Robert F. Kennedy Jr., petitioned the FDA to "withdraw or suspend" its approval of a polio vaccine.
Union officials representing the University of Michigan Health-Sparrow nursing staff have been working for months for an improved contract, but leaders say they're not close to a deal.
The Detroit Lions are holding out hope that running back David Montgomery might be able to return from what was believed to be a season-ending knee injury.
Patrick Mahomes is battling another ankle injury.
The first-round draft pick suffered an injury to his left tibia during Week 6. However, he says he wasn't going to let the injury stop him and made a promise to his teammates.
Harris launched his "Season of Smiles" event, an annual shopping spree for five preselected deserving families.
Campbell, though, doesn't like that Detroit gave up 48 points in a six-point loss to the AFC East champion Buffalo Bills on its home turf.
Mary Tyler Moore turned the world on with her megawatt smile as she starred in the iconic "Dick Van Dyke" and "Mary Tyler Moore" shows a generation ago.
The roundtable talked politics and focused on blockbuster news that Detroit Mayor Mike Duggan would run for governor in 2026 but as an independent candidate.
President-elect Donald Trump campaigned with talk of ending the $7,500 electric vehicle tax credit which has helped fuel sales.
The 98th Annual America's Thanksgiving Parade will roll through the streets of downtown Detroit this Thursday, with hundreds of thousands lining Woodward Avenue as six new floats make their debut.
Hackel, the former Macomb County Sheriff, said the results of the 2024 contest are giving him more confidence than ever that he has the right stuff and resumé to be governor.
Luigi Mangione was indicted Tuesday by the Manhattan district attorney in the murder of UnitedHealthcare CEO Brian Thompson.
A Taylor man's vehicle was shot at Wednesday morning on the Southfield Freeway in what police say was a road rage incident. The incident happened around 8:45 a.m. on northbound M-39 (Southfield Freeway) at Schoolcraft Road.
Since November 2022, Dr. Zvi Levran has been behind bars at the Oakland County jail. He faces 28 total charges involving child sexual abuse.
A light chance of scattered rain/snow showers through this evening
U.S. Coast Guard Air Station Traverse City crew members rescued three people from a disabled vessel in Lake Michigan over the weekend.